USD-CHF @ 1.1495/97...Consolidate near 1.1520-65
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R: 1.1520-65 / 1.1579 / 1.1593
S: 1.1460 / 1.1397 / 1.1351
Dolar-Swiss has been seeing some consolidation below the 1.1520-65 range and is likely to enter into this range during the US session. Rising past this Resistance in the first attempt may be difficult for the pair but if seen (possibly not before the next couple of days) may take the pair towards 1.19 But this does not look likely. It is likely to take Resistance here and possibly come down after some consolidation near these levels. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
 
 
GBP-USD @ 1.4190/94...Limit Buy Order
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R: 1.4260 / 1.4306 / 1.4391
S: 1.4054 / 1.3750 / 1.3647
Cable fell towards 1.4111 during the day and has risen since then. We would like to play on the Projected Max Low for the day at 1.4055 (if seen, we would like to go Long for a rise towards 1.4200 or even 1.4400 over the next couple of days). To see the chart of Cable, click on:

Limit Buy Order:
Buy GBP 10K at 1.4055, SL 1.3940, TP Open. As soon as market trades 1.4155 after entry, bring SL upto 1.3970
Buy GBP 10K at 1.4000, SL 1.3940, TP 1.4200


 
 AUD-USD @ 0.6808/12...May see 0.6640 below 0.6785
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R: 0.6845 / 0.6909
S: 0.6785 / 0.0.6713 / 0.6670-40
Aussie had fallen towards 0.6770 during the day and found Support near the 38.2% fibonacci retracement (0.6785) of the rise from 0.6285 (4th Mar '09) to 0.7096 (24th Mar '09). Over US session, if it were to fall further a dip could be limited to 0.6640 mentioned in the morning. As mentioned earlier, this region is seeing the convergence of 8-, 13, and 21-MA on the weekly charts. A rise could be limited to 0.6881 (which had earlier acted as a srong Support). To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Happy Trading!