USD-CHF @ 1.1344/48...Projetced Max Low for the day at 1.1222
----------------------------------------------------------
R: 1.1373 / 1.1407 / 1.1480
S: 1.1222 / 1.1189-64 / 1.1108
Dollar-Swiss has been ranged through the day between 1.1331-1.1389. Further bearishness towards 1.1170 over the next couple of days could be expected with the Projected Max Low for the day at 1.1222. As said earlier as well, if there's an SNB intervention, we might see it surge again and the level for which would also depend on the extent of intervention.
 

GBP-USD @ 1.4747/49...Finds Resistance near 1.4850
---------------------------------------------
R: 1.4920 / 1.5103 / 1.5200
S: 1.4691 / 1.4569 / 1.4477
As expected, Cable rose towards 1.4850 and is now trading lower. Having recorded a high of 1.4829 during the day, we would expect the pair to dip towards 1.43 over the next several days after some consolidation near 1.46-1.49 may happen over a day or two. But again if we are proven wrong and the pair continues to move higher, it might signal a long term trend reversal and may start moving higher, possibly initially towards 1.52. We shall have to see.

 
AUD-USD @ 0.7127/29...Bullish above 0.6975-50
-------------------------------------------
R: 0.7232-56 / 0.7366
S: 0.7074 / 0.7011
Aussie ranged sideways between 0.7111 to 0.7193 during the day. As mentioned in the morning, we are bullish on the pair towards 0.75 but only once it is able to rise past the Resistance at 0.7265-72. We continue to maintian the view of Max dip towards 0.6975-50 over the next few days, riding on the Support of which, it would meet the target of 0.7500. But things might look different if RBA announces some surprise.

 


Happy Trading!