USD-CHF @ 1.1264/67...1.1167 Support tested again
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R: 1.1267 / 1.1318
S: 1.1167 / 1.0968-72
The Support at 1.1167 held once again. Thrice over the last three days. It managed to trade within the range mentioned in the morning. 100-MA on the weekly charts at 1.1267 is being attempted to be breached on the upside. Inability to break past the Resistance at 1.1300 could make the pair retest the Support mentioned earlier once again. Else, the range is likely to hold during the US session too.
 
 
GBP-USD @ 1.4605/08...Testing Resistance at 1.4650
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R: 1.4643 / 1.4741 / 1.5005
S: 1.4500 / 1.4439 / 1.4400
Cable found Resistance at 1.4650 mentioned in the morning as it recorded a high of 1.4649. Now it is to be seen whether this Resistance holds and whether the pair dips from hereon towards making the trough of the present wave on the daily charts. Else, it could be scaling once again towards the 1.50 mark. But a dip is more likely from hereon. The Projected Max High for the day is at 1.4741 today. To see the chart of cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

If it decides to dip after having peaked at 1.4650, we could see it dipping towards 1.3700 over the next several days. But there are equal chances that the level near 1.40 could provide good Support riding on which the pair could possibly scale higher thereon in the over the next few weeks.


 
 AUD-USD @ 0.6986/90...Resistance at 0.7007 & 0.7060
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R: 0.7007 / 0.7060 / 0.7251
S: 0.6908 / 0.6858 / 0.6728
The 200-month MA was breached during the day as the pair found Support near the Projected Max High for the day at 0.7007. Next target could be seen at 0.7060 where important Resistance exists as mentioned in the morning.

Aussie has been gaining as the commodity currency and could be seen to be rising further towards 0.73 or even 0.75 over the next few days as commodities continue to rise. This is further supplemented by the fact that there are not too many hindrances on its way up beyond 0.7060. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Happy Trading!