USD-CHF @ 1.1678/82...Holding Long
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R: 1.1708 / 1.1750 / 1.1807
S: 1.1675-60 / 1.1594 / 1.1548
The intra-day Support at 1.1630-00 has held well so far. In fact, the market has remained above 1.1600 through the day so far. As such, the chances of a rise towards 1.18 look good for now. Overall too, Dollar-Swiss continues to maintain its uptrend, with Support at 1.1550-30. Buying on dips to 1.1600 and 1.1550 might be worthwhile.

Holding:
USD 10K Long at 1.1682, SL 1.1645, TP 1.1777. As soon as the market trades 1.1715, bring SL up to 1.1660.

 
 
GBP-USD @ 1.4239/44...Intra-day Support at 1.4135
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R: 1.4281 / 1.4305-50
S: 1.4150-35 / 1.4035
In the morning, we had said that while the intra-day Support at 1.4135 held, there was a possibility of a rally taking place. The intra-day low has been 1.4150 so far and the Pound has indeed rallied from the morning level of 1.4213. In fact, it had risen to an intra-day high of 1.4281.

With 1.4135 established as a decent Support for now, a rally towards 1.45 could be seen over the next couple of days.

That said, the Pound is bearish in the bigger picture. It is trading in a downward channel, coming down from the high of 1.6675 (30-Oct) to a low of 1.3503 (23-Jan). Take a look at the Daily Candles at
http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

The intra-day Resistance is at 1.4305-50, and the intra-week Resistance is at 1.4750. While these hold, there is a decent chance of seeing a fall towards 1.3750, or lower, by next week. However, given the propensity for high intra-day volatility in the Cable, one would have to be prepared to see an intra-day or intra-week rally towards 1.45 before the fall towards 1.3750 starts.

Limit Buy Order:
Buy GBP 10K at 1.4179, SL 1.4110, TP 1.4392

 AUD-USD @ 0.6495/6505...Ranged now, bearish overall
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R: 0.6515 / 0.6548 / 0.6570 / 0.6593
S: 0.6469 / 0.6432 / 0.6409
In the overall big-picture, the Aussie is in a downtrend since the Jul-08 High of 0.9851, and has a Resistance at 0.6750-6850, as can be seen on the Weekly Candles on the following page:
http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Since the low of 0.6007 seen on 27-Oct, however, the Aussie has seen a bit of sideways correction, moving up to a high of 0.7272 on 07-Jan. This mild uptrend provides Support at 0.6300-6250.

In the immediate timeframe, therefore, the Aussie is ranged between 0.6250-6850. This range can last through this week, and into next week as well. But eventually the range will have to break. And, unless the Aussie can close above 0.6800-50 in the next couple of weeks, the danger would be for a break below 0.6250.

IN CASE of a rise past 0.6850, though, the Aussie could then target 0.7400.

Buying a Put on an intra-week rise towards 0.6700-50 might be considered.


Happy Trading!