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 @ 1.1880/83...Resistance at 1.2067
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R: 1.2006 / 1.2068
S: 1.1866-87 / 1.1804 / 1.1755
During the day Swiss ranged between 1.1847 and 1.1917.

Resistance at 1.2067 which is also the projected Max High for the day looks likely to hold going forward. An upmove from there would mean the end of the wedge formation on the daily chart. Once there, it may surge towards 1.24 in the next few days or if it dips below 1.18, we could see it dipping further towards 1.16. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml

It looks set to remain ranged between 1.1850 and 1.1950 during the US session unless some fundamentals come into play.
 
 
GBP-USD @ 1.4847/52...Downside limited
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R: 1.4905 / 1.5000 / 1.5109-27
S: 1.4446 / 1.4383
Cable has seen some consolidation happening through the day which once broken could go towards 1.51 on the upside and 1.45 on the downside. As mentioned in our Special report in the morning there are less chances of it going down significantly from here.

It has an immediate Resistance at 1.4905 and the Support at 1.50-51 mentioned earlier has turned to long term Resistance. A downside could see it dip towards 1.4650 for the rest of the day or even towards 1.4446 by next week which also coincides with the weighted average forecast of 1.4437 arrived at in the morning.


 
 AUD-USD @ 0.6568/69...Support at 0.6348
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R: 0.6606-33 / 0.6655-82
S: 0.6483-510 / 0.6299 / 0.6233
Aussie has remained range bound between 0.6509 and 0.6581 during the Asian and European session today. It did dip below the 21-SMA on the 4-hourly but continues to test this Support continuously. If the immediate Support at 0.6545 holds, consolidation would be likely between 0.6483 and 0.6623 during the US session. If it breaks below this Support, it could dip towards 0.6350, the level at which RBA was reported to have intervened.

If Aussie continues to stay below 0.68-0.69 in the longer term, the bearishness in the long term looks likely.


Happy Trading!