USD-CHF @ 1.1574/76...Resistance region 1.1650-70
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R: 1.1592 / 1.1650-70
S: 1.1434 / 1.1330
Swiss is now finding it difficult to sustain a rise above the bottom of the channel that it was moving in earlier prior to exiting out of it. A rise was curbed at 1.1607 and the 21-day MA (1.1652) still holds strong as a Resistance. The Projected Max Low for the day at 1.1434 is a good Support that is being eyed. Also there is strong Resistance of the 100-MA on the 4-hour candles at 1.1664 which lends more strength to the Resistance region of 1.1650-70. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

We see the pair ranged between 1.1430-1.1670 over the next few days. The lower end of the range gets strengthened as a Support with the existence of 8-month MA.
 
 GBP-USD @ 1.3778/82...May see 1.40 before 1.35
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R: 1.3838 / 1.3952 / 1.4002
S: 1.3646 / 1.3500 / 1.3374
The view continues to be the same. The Support of 1.3750-25 has been a strong one over the last few days. We reiterate our view mentioned in the morning below:

Cable is likely to be oscillating between 1.35-1.40 over a medium time frame. There have been spikes below 1.3750 but important thing is that the monthly close could be at or above this long term Support level. Upside for the week could be restrcited to 1.40. However, eventually we may see a dip towards 1.3550 over the next few days or even 1.35 (previous low of 23rd Jan 2009 - a level last seen only in 1985).

To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle


 
 AUD-USD @ 0.6460/64...Bullish
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R: 0.6485 / 0.6572-0.6600 / 0.6644
S: 0.6380 / 0.6068 / 0.5991
Aussie has continued finding Resistance from the trendline on the daily chart as can be seen at: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

A rise from hereon could take the pair towards 0.6600 where a strong Resistance exists (55-day MA) whereas Support is available at 0.6400-0.6380. Notice the channel in which the pair has been moving on the 3-day candle chart. We continue to be bullish on the pair with possibility of a rise towards 0.6600 in the near term.

Happy Trading!