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 @ 1.1884/87...Resistance at 1.20-21
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R: 1.1997-2006 / 1.2072-87
S: 1.1826 / 1.1781
Support at 1.1851 held during the day and USD-CHF has oscillated between 1.1949 and 1.1851. If it continues to hold above the 13-SMA on the 4-hour chart, a rally could take it further up sharply towards 1.2006 or even higher towards 1.2072-87. A dip could take it towards 1.18 which is a strong Support for the day.

In the big picture, the 8-SMA crossing the 13-SMA on the monthly chart from below indicates continuation of bullishness going forward. However there's a Resistance at our weekly close chart at 1.20-21. To see the chart of Swiss, click on:
http://www.kshitij.com/graphgallery/chfma.shtml
 

GBP-USD @ 1.4856/58...At crossroads
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R: 1.5024 / 1.5189 / 1.5248
S: 1.4604 / 1.4446-56
The Pound has traded within a range of 1.4801 and 1.4996 so far during the day. There are chances of it continuing to consolidate during the US session within the above range.

A break above 1.5022 may bring about some correction in the pair which had seen a sharp fall yesterday, breaking an important Support at 1.5122. If it breaks past 1.5024 on the upside, it may test 1.5190. On the other hand, a dip below 1.48 could take it towards 1.4739.

On a broader level, the pair looks likely to continue its bearishness with long-term Support available at 1.4604 which is also the 61.8% retracement level from the low of 1.0520 (Feb-85) to a high of 2.1163 (Nov-07). To see the chart of Cable, click on:
http://www.kshitij.com/graphgallery/gbpcandle.shtml

 
 AUD-USD @ 0.6391/93...Resistance at 0.6441 held
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R: 0.6441-44 / 0.6503 / 0.6545
S: 0.6361-40 / 0.6053 / 0.5994
Aussie has traded within a narrow range of 0.6351 and 0.6470 during the Asian and European sessions. The Support at 0.6351, if broken, could trigger a further fall towards 0.6143 by next week. Resistance at 0.6441 may hold during the US session as well. However, if it rises past the Resistance, the next target could be at 0.6502 or even 0.6598.

The downside bias however continues on a broader frame as the US Dollar continues to strengthen against all the major currencies.

Happy Trading!