USD-CHF @ 1.1886/91...Ranged near term
-------------------------------------
R: 1.1962 / 1.2022 / 1.2200
S: 1.1820-782 / 1.1736 / 1.1677
Dollar-Swiss has been ranged today between 1.1832-1.1917. Having surged so sharply yesterday, it is porbably seeing some consolidation before making the next move towards 1.2050. The view continues to remain the same as mentioned in the morning. Euro-Swiss (1.5304) has Resistance at 1.5512 and with Euro likely to scale higher, we could possibly see, Swiss either remaining ranged or going down slightly during the US session. However, we are bullish on Dollar-Swiss and reiterate that it is likely to touch 1.2050 sooner rather than later. Important thing to see is whether the channel which we had talked about in the morning holds on the upside given the sudden surge in the pair over the next couple of days. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfmth.shtml#mth

 
GBP-USD @ 1.4022/25...Sell on rallies
------------------------------------
R: 1.4049 / 1.4162 / 1.4227
S: 1.3964 / 1.3845 / 1.3759
Cable has risen during the day and is likely to see continue with the upside till the Resistance near 1.43; beyond which it is likely to come down towards 1.3350 as suggested by the curvilinear trendline on the daily candle chart. Overall bearish phase in Cable is likely to continue with bouts of surges here and there. We would want to go Short on rise towards 1.43. The view in Cable too is the same as mentioned in the morning. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

Till it manages to close the month above 1.37, the range of 1.37-1.55 over lon term that we have been mentioning would continue to hold. To see the monthly chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpmth.shtml#mth

 
AUD-USD @ 0.6576/80...Bullish past 0.6600-20
----------------------------------------
R: 0.6600-20 / 0.6658 / 0.6759
S: 0.6502 / 0.6472-50 / 0.6300
Aussie is now trying to get into the Resistance region of 0.6600-20 mentioned in the morning. The 3-day candles continue to suggest a "catch your breath" session after entering the Resistance region where the pair could consolidate. during the US session. The break past this trendline shall be very bullish for the pair when we see a rise even towards 0.70 at this point of time over a period of time. We had mentioned the Resistances available near 0.66 region: 21-week MA, 100-day MA, 55-day MA and trendline Resistance on 3-day candles. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle
 


Happy Trading!