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 @ 1.1495/1500...Testing Resistance
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R: 1.1510-20-30-45 / 1.1639-56 / 1.1750
S: 1.1490 / 1.1435-15 / 1.1390 / 1.1315
Dollar-Swiss has shot up in the last hour or so. There is a Resistance region from 1.1510 to 1.1545. This may/ may not break. If it does break, however, the market may shoot up to 1.1656, the projected Max High for the Week. Beyond that 1.1750 is also possible. If the Resistance holds, a fall back towards 1.1315 is equally possible.
GBP-USD @ 1.4680/84...Ranged sideways now
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R: 1.4727 / 1.4780
S: 1.4626 / 1.4575 / 1.4446
Significantly, the Pound rose pase 1.4740 during the day to a high near 1.4780, but instead of triggering Stop Loss Buying, it has fallen back. The next few days are likely to see the market range between 1.4575 and 1.4800.
As expected, the BOE has kept interest rates unchanged. Take a look at
http://www.kshitij.com/fundamentals/funcharts/ukboe.shtml
AUD-USD @ 0.7131/37...Watch Resistance at 0.7150
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R: 0.7170 / 0.7227-56
S: 0.7105 / 0.7070 / 0.7045
The Resistance at 0.7150 mentioned in the morning is holding so far. However, if it breaks, we may see a further rise towards 0.7170, or even 0.7227-56, the projected Max High for the Day. While the market remains below 0.7150, a dip back towards 0.7070 may still be possible.
Happy Trading!







