USD-CHF @ 1.1576/80...Bullish range break eyed
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R: 1.1583 / 1.1701-12 / 1.1811
S: 1.1548-25 / 1.1482 / 1.1429
Dollar-Swiss has been extremely ranged during the day after the sharp rise seen yesterday which took the pair towards 1.1600. It is trading bound by the 55-DMA (1.1548) at the bottom and 8-DMA (1.1583) at the top. Once it is able to break past the range, we might see it move towards 1.1700 over today/ tomorrow.
 
 
GBP-USD @ 1.4603/07...Mixed
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R: 1.4629 / 1.4692 / 1.4720
S: 1.4538 / 1.4481 / 1.4438
Cable dipped below the 1.4550 Support and has bounced from there. There might be a possible rush towards 1.48 over the next few sessions, but a break below 1.4500 is likely to take it further towards 1.4365 which is the 50% retracement of the rise from 1.3655 (11-Mar) to 1.5070 (16-Apr). Which way does it move is to be seen. It presently trades very near to middle of the expected upside and downside levels; besides the trend, too, is ranged. So the view is mixed.

Though, the MACD indicator suggests that there might be some more room for a downside. To see the chart, click on: http://www.kshitij.com/graphgallery/gbposc.shtml#osc


 
 AUD-USD @ 0.7021/26...Support at current levels
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R: 0.7104 / 0.7116 / 0.7156
S: 0.6992 / 0.6968 / 0.6824
Aussie has changed little during the day. Dip during the day was Supported at 0.6992. Having broken the 200-MA on the 4-hourly, it is struggling to rise above this trendline. 200-DMA might prove to be a strong Resistance which could force the pair down initially towards 0.6780 over the next few days. It also has an immediate Support of the 13-MA on the 3-day candle charts. To see the chart, click on: http://www.kshitij.com/graphgallery/audma.shtml#ma


Happy Trading!