USD-CHF @ 1.1696/1700...Support 1.1615, Resistance 1.1815
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R: 1.1782-95 / 1.1815
S: 1.1641 / 1.1615-05 / 1.1560
In the morning, we had said that some profit-taking on Longs could take place in the 1.1795-1815 region. Dollar-Swiss has seen a high near 1.1778 (before 1.1795-1815) and has come down from there. While the Resistance at 1.1795-1815 remains intact, the market could move between 1.1615-1815 for a couple of days.

Although the overall trend remains bullish as of now, it is imperative that the Support at 1.1615-1560 remains intact over the coming days, for the market to be able to rise past 1.1815 and thus move higher. IN CASE the Support at 1.1615-1560 is broken, it could set off a corrective fall towards 1.1500-1400.

This is only precautionary. For now, a dip to 1.1600 may well be bought.

 
 GBP-USD @ 1.4253/57...May see 1.44 while above 1.4125
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R: 1.4293-4313 / 1.4348-56 / 1.4401-23
S: 1.4225-15 / 1.4125 / 1.4073
The Pound found Support at 1.4125, above the 1.4073 Support mentioned by us in the morning and has moved up well from there. It faces some Resistance at 1.4293-4313 now, but if that is broken, the Pound could rise further towards 1.4423, the projected Max High for the Day.

However, in case of a fresh decline, this time past 1.4125-4075, the Pound could fall towards 1.40, or lower.

 
 AUD-USD @ 0.6390/94...Might fall towards 0.6325
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R: 0.6442-65 / 0.6495-6520
S: 0.6393-75 / 0.6325 / 0.6280
The Aussie found intra-day Support at 0.6375 and bounced from there to an intra-day high of 0.6440, only come down again. While it remains below 0.6440 now, it could be vulnerable to a further decline towards 0.6325, or even 0.6280. A rise past 0.6440, if seen, could give some respite to the Aussie. The chances do not look too good, though.

Limit Sell Order:
Sell AUD 10K at 0.6415, SL 0.6465, TP 0.6341. As soon as the market trades 0.6375 after Entry, bring SL down to 0.6445.


Happy Trading!