USD-CHF @ 1.1491/94...May rise towards 1.1550
------------------------------------------
R: 1.1523 / 1.1553 / 1.1668
S: 1.1451 / 1.1422 / 1.1380-64
Dollar-Swiss rose past the Resistance at 1.1447 and spiked above the 200-MA on the 4-hourly to touch a high of 1.1521 as we profited out of the Long entered in the morning. There are good chances that a rise towards 1.1550 is still possible either during the US session or even tomorrow. But immediately, the pair is seen to be dipping towards 1.1430 over the US session and then bounce from thereon.
 
 
GBP-USD @ 1.4848/51...Below Projected Max Low for day
------------------------------------------------
R: 1.4956 / 1.5078 / 1.5300
S: 1.4796 / 1.4716 / 1.4610
Cable dipped during the day and below the Support at 1.4920 and is now looking to test the 8-DMA Support at 1.4800. It has been taking Support at the 21-week MA over the last two weeks. Till this continues to hold, a rise towards 1.53 cannot be ruled out. But the pair has broken past the Projected Max Low for the day at 1.4857 which spells bearishness.

The pair has been consolidating between 1.35 to 1.53 over the last few months and is likely to continue within this range over the next few months going forward.


 
 AUD-USD @ 0.7185/88...Resistance at 200-DMA
----------------------------------------
R: 0.7250 / 0.7300 / 0.7590
S: 0.7154 / 0.7070-63 / 0.6881
The Resistance at 0.7328 pressured the pair down towards 0.7168 (10 pips above 0.7158 mentioned in the morning). A further dip is likely to be contained near 0.7070, the Support at which is likely to hold. Overall bullishness is intact till the pair trades above this 21-day MA Support. And a rise past the 200-DMA would see the pair scale 0.75

Happy Trading!