EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.USD-CHF @ 1.1295/98...Resistance region 1.1360-73
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R: 1.1315-27 / 1.1360-73
S: 1170-48 / 1.0971
Dollar-Swiss was ranged between the Support at 1.1252 and the 13-MA Resistance on the 4-hourly at 1.1314 after having fallen sharply since Friday. A slide towards 1.1170 on break of 1.1252 still holds. An upside would possibly be capped near 1.1360-73 which is a good Resistance region.
GBP-USD @ 1.4895/99...Resistance at 1.5075
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R: 1.5075-95 / 1.5250 / 1.5663
S: 1.4870 / 1.4816 / 1.4695
Cable has remained ranged through the day. It possibly is consolidating ahead of making an upmove towards the 1.5075 which could be attempted during the US session. Difference between 10yr Gilts and US T-Bonds have been rising over the last few days which could now move further up and facilitate an upmove of the pair towards 1.5250 over the next few days. To see the chart of UK 10 yr Gilts and US 10 yr T-Bonds differential, click on: http://www.kshitij.com/graphgallery/gbpusddiff.shtml#gbpusd
AUD-USD @ 0.7113/16...Ranged ahead of RBA
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R: 0.7227 / 0.7275-92 / 0.7423
S: 0.7065 / 0.6986
Aussie has been extremely ranged ahead of the RBA tomorrow. It ranged between 0.7126-0.7211 and is likely to continue even during the US session. Beyond which we anticipate a rush towards 0.74 but on the downside, there's good Support near 0.7050 and then towards 0.6960 region. The Resistance near 0.72 continued to hold on the 3-day candle charts during the day. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle
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