USD-CHF @ 1.1728/32...Support region 1.1730-00
-------------------------------------
R: 1.1821 / 1.1844 / 1.1900
S: 1.1717-00 / 1.1658
Dollar-Swiss has dipped during the early European session today and has found Support near 1.1725. The region of 1.1730-00 is a strong Support region for the pair which houses the 200-MA on the hourly, 55-MA and 100-MA on the 4-hourly, 8-MA, 13-MA and 21-MA on the daily. We expect the Support to hold for the US session but given the fact that FOMC is schedule later during the US session, a lot would depend on this.

The pair may possibly now get entangled in this Support region and see some sideways movement between 1.1700-1.1821, but if it were to bounce back from here, which could possibly be decided after the FOMC scheduled later today, we may see it re-test 1.19. Euro-Swiss, too has dipped and seems to be consolidating below 1.55. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
 
 
GBP-USD @ 1.3918/22...Dipped during the day
----------------------------------
R: 1.3982 / 1.4032
S: 1.3788 / 1.3500 / 1.3421
Cable has dipped sharply during the day and recorded a low of 1.3844. Daily charts suggest a further downside in Cable after it has peaked at 1.4229 for the current wave and is likely to come down towards 1.3500 (a long-term Support) over the next few days. We continue to be bearish over the next few days after which it might want to reattempt a fresh wave. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle


 
 AUD-USD @ 0.6602/06...Still testing Resistance.
-------------------------------------
R: 0.6640 / 0.6700-33 / 0.6850
S: 0.6526 / 0.6485
Aussie has been finding good Resistance near 0.6640-00 over quite some time now. We would have to wait and see if the several attempts to rise past this region over the last past couple of days would bear fruit. We would have to see if the pair is awaiting the FOMC release before answering the following question: Who gives up - the Resistance or the Aussie? We would continue to hold Long as we feel an upmove past 0.6640 could possibly see it surge towards 0.6700 immediately and 0.6850 over the next few days.

Holding:
AUD 10K Long at 0.6608, SL 0.6535, TP 0.6700

Happy Trading!