EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 1.1032/36...Option Barrier near 1.1000
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R: 1.1070 / 1.1092-1100 / 1.1140
S: 1.1000 / 1.0947
USD-CHF has continued with its declining spree and yesterday was its 13 down day out of last 14. It is very laskluster today so far, and is just short of touching its important Support (Option barrier) of 1.1000. A break below that could see another sharp fall possibly towards 1.0947, the statistically projected Max Low for the day.

On the upside the Resistance is at 1.1070. Above that the Resistance would come in at 1.1092-1.1100, the statistically projected Max High for the day. The pair needs to move above 1.1140 to question the current downside potential, and the bias stays bearish.

Remember that 1.10 is a huge Knock-Out level for several USD-CHF Carry Trades and a there will be a lot of blood on the streets once that is hit. Expect Banks to gun for the level. Once 1.10 is hit and the market extends down towards 1.0980, there would be chances of a sharp profit-taking rebound.
 


GBP-USD @ 2.0630/35....Support at 2.0590
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R: 2.0660 / 2.0700-20
S: 2.0600-590 / 2.0540
GBP-USD has been stable during the day without much of a move, and it has been facing Resistance near 2.0660. A move above that could lead to a test of 2.0700-20 later on in the day.
Today on the downside the Support would come in at 2.0600-590, on the trendline on the 4-Hourly joining the lows of 2.0353 (16-Nov) and 2.0527 (21-Nov). Below that the Support would come in at 2.0540. We don’t have any trades in the pair currently.


 
 AUD-USD @ 0.8739/42...Bearish biased and Volatile
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R: 0.8760 / 0.8810-19
S: 0.8700 / 0.8652
AUD-USD hit a high of 0.8792 earlier today and has had a sharp fall from there, as selling on rallies has resumed. The pair looks to be headed towards 0.8500 over the next few days.

For today the immediate Support would be at 0.8700 and then at 0.8652, the statistically projected Max Low for the day. On the upside the Resistance would be at 0.8760 and 0.8810-19, the statistically projected Max High for the day.

AUD-USD currently needs to sustain a move above 0.8910 to question the current downside potential.


Happy Trading!