USD-CHF @ 1.1765/69...Between a range
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R: 1.1828 / 1.1901 / 1.1971-95
S: 1.1690 / 1.1625 / 1.1590
Dollar-Swiss traded in a thin range between 1.1719-1.1773 within a broad range of 1.1520-1.1900 bound by the upward moving channel on the daily chart. A dip towards 1.1625 might be a good opportunity to go Long. To see the chart, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

The pair is likely to continue moving in a channel over the next few days. However, we do not initiate any trades now, as it looks that the pair may take any course.
 
 
GBP-USD @ 1.4049/52...Awaiting BoE decision
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R: 1.4219 / 1.4261 / 1.4337
S: 1.4000 / 1.3949 / 1.3700
Cable continues to face Resistance from 8-day MA at 1.4219, despite spiking above this level for a short while. If the Resistance at 8-day MA continues to hold, the pair might be presurred further lower. However, the pending BoE decision on interest rates is keeping the things stable for now. The view continues to remain the same as in the morning. Till it trades above the trendline Resistance at 1.4000, a break of 8-day MA during the US session cannot be ruled out. However, a break below 1.40 may next target 1.3949 on the downside. A sharp drop might even pull it down to 1.37 (long term Trendline Support).

Overall, Cable continues to be bearish till it trades below 1.4360. Any upmove beyond this could take it towards 1.4550. However, we await the interest rate decision.


 
 AUD-USD @ 0.6382/85...Support at 0.6285
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R: 0.6485 / 0.6524 / 0.6550
S: 0.6355 / 0.6285
Aussie is trading weaker with possibility of a test of Support at 0.6285 during the US session. One should look at buying near these levels with tight Stops. A rise might see it retesting the 8-week MA at 0.6524. Weekly candle has been holding tight between the range of 0.6285-0.6550. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Happy Trading!