USD-CHF @ 1.1567/71...Ranged
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R: 1.1616 / 1.1666 / 1.1716 / 1.1750
S: 1.1500 / 1.1485-57 / 1.1403-1391
The market is behaving very erratically just now, up-down-up-down. In the morning we had estimated a range of 1.1755-1585 for the day and 1.18-15 for the week. Note that 1.1500 is the projected Max Low for the Day. Below that, there is some Support at 1.1485-57. Should that Support break on a Day Close basis, the Dollar might fall towards 1.12 in course of time.

However, while the range holds, we have to assume that it will hold.

 
 GBP-USD @ 1.4526/30...Facing Resistance
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R: 1.4579 / 1.4663
S: 1.4470 / 1.4405
The Pound is also testing a Channel Resistance near the current levels and has another Resistance near 1.4750-75, as can be seen on the Daily Candles at
http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

We would not expect this Resistance to break easily. But, if it does, a further rise towards 1.50 could take place. While the Resistance holds, a dip back towards 1.4250 would not surprise.

 
 AUD-USD @ 0.6467/71...Quiet
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R: 0.6520-34-55 / 0.6610-20
S: 0.6385 / 0.6345 / 0.6300
The Aussie might have a little more room on the upside as compared to the Euro or the Pound, but it does have to content with a Resistance at 0.6520 directly overhead.

The overall picture is ranged, like the other currencies, and there does not seem to be anything to get excited about at the moment.


Happy Trading!