EURO, JAP YEN and EURO-YEN
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Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register

Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 1.1205/09...Holding Long
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R: 1.1253 / 1.1280
S: 1.1165-60 / 1.1124-20
USD-CHF has been firm all during the day, and is showing signs of an upmove. There could be rally towards 1.1253 later today, which is the statistically projected Max High for the day.

A move above that (if seen) could lead to a rally towards 1.1280.
On the downside the Supports for the day are at 1.1165-60 and then at 1.1124-20, the statistically projected Max Low for the day. The bias for the pair is positive and we are holding a long position.

Holding:
USD 10K Long at 1.1213, SL 1.1140, TP Open
 

 GBP-USD @ 2.0681/85...Support at 2.0580
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R: 2.0740 / 2.0782
S: 2.0620 / 2.0582-80
GBP-USD had a very sharp fall yesterday and it has been pressurized since then. The current fall could lead to further losses in the week or early next week, possibly towards 2.0470-60, which falls on the trendline on the Daily Candles joining the lows of 1.9879 (18-Sep) and 2.0353 (16-Nov).

The pair has rallied a bit during the day and has seen a high of 2.0702 so far. Further above this, the Resistance would come in at 2.0740 and at 2.0782, the statistically projected Max High for the day. On the downside the Supports are at 2.0620 and then at 2.0582-80. A break below the latter could see a sharp fall. There is no directional trend for the pair currently.

US PCE would come out later today. See chart at
http://www.kshitij.com/fundamentals/funcharts/uspce.shtml

US Personal Income would come out later today. See chart at
http://www.kshitij.com/fundamentals/funcharts/usperinc.shtml


 
 AUD-USD @ 0.8864/68...Resistance near 0.8920-24
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R: 0.8905-10 / 0.8952
S: 0.8850 / 0.8800
AUD-USD has been choppy all through the week, with a new direction on each day of the week. So far during the day, the pair is strong, however it is trading just below its important Resistance near 0.8905-10, which comes on the trendline on the 4-Hourly joining the highs of 0.9076 (14-Nov) and 0.8923 (28-Nov). A rally above this could lead to an upmove towards 0.8952, the statistically projected Max high for the day.

On the downside the Supports are at 0.8850 and then at 0.8800. We are holding a Short position in long-term account, and a move above 0.8924 would stop us out.

Holding (in Long-term book):
AUD 10K Short at 0.8724, SL 0.8924, TP 0.8500

Happy Trading!