EURO, JAP YEN and EURO-YEN
---------------------------
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
---------------------


USD-CHF @ 1.1762/67.... Could remain ranged
-----------------------------------------
R: 1.1800-25 / 1.1840-50 / 1.1950
S: 1.1725 / 1.1660 / 1.1600 / 1.1550
The Resistance near 1.1800-50 has resulted in a decline in the pair since morning and has brought the pair lower near 1.1725 as a result the range continues to hold.

The day ahead is likely to see some further consolidation between 1.1700-1800. A break below 1.1700 is not likely, however, if seen it could attract some selling to drive the pair lower towards 1.1600.

The US is closed today on account of Veteran’s day and the markets are likely to see less liquidity and lower volatility.
 

 GBP-USD @ 1.5570/75... Downward bias
---------------------------------------
R: 1.5650-60 / 1.5700 / 1.5800 / 1.5900
S: 1.5550-00 / 1.5400 / 1.5260
The pair dipped to an intraday low of 1.5525 and has recovered since then and currently trades at 1.5585.

The day ahead could see the Support at 1.55 being re-tested however, the Support is likely to hold. Overall the pair is likely to witness a consolidation between 1.55-1.60, with a downward bias. An upside faces strong Resistance by the 13-SMA on the daily chart.

 
 AUD-USD @ 0.6681/85... Likely to test 0.66
------------------------------------------
R: 0.6770-6800 / 0.6875-6900 / 0.6950 / 0.7000-25
S: 0.6650 / 0.6600 / 0.6540 / 0.6500
The pair has seen a relatively calm trading session today. However, the US session could see some Dollar appreciation that could pressure the pair lower towards 0.6640 and possibly even lower towards 0.66.

The pair trades within the boundaries of a wide range between 0.70-0.65 which is likely to hold this week.

Happy Trading!