USD-CHF @ 1.1357/60...Testing important Support
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R: 1.1410 / 1.1457-76 / 1.1503
S: 1.1360 / 1.1294 / 1.1251
Dollar-Swiss is presently testing the 200-DMA Support that it has been honouring over the last several days. This looks like a strong Support further strengthened by the trendline Support on the daily candle charts. To see the chart of Dollar-Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

We hold a Long on Dollar-Swiss believing that the 200-DMA would continue to hold. A break of this Support may then next target 1.1165 (19-Mar Low). As the world awaits the release of US GDP 1Q Adv Numbers and FOMC announcement, the direction would much depend on these events during the US session.

Holding:
Long USD 10K at 1.1380, SL 1.1330. TP 1.1475
 

GBP-USD @ 1.4772/76...Rose towards 1.48
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R: 1.4807 / 1.4850 / 1.5070
S: 1.4716 / 1.4634 / 1.4603
Cable has risen during the day towards the levels we were looking at 1.48. It might next try to rise further towards the higher end of the range near 1.50-1.51 which it has been traversing over the last few days. It is riding high on the 100-MA on the 4-hourly which can take it towards the higher end of the range. A rise towards that level might well be sold.

Limit Sell Order:
Sell GBP 10K at 1.5020, SL 1.5100, TP 1.4820

Limit Buy Order:
Buy GBP 10K at 1.4525, SL 1.4500, TP 1.4685

 
 AUD-USD @ 0.7195/99...200-DMA Resistance being tested
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R: 0.7210 / 0.7428 / 0.7475
S: 0.7144 / 0.7102 / 0.7072
Aussie is currently testing the 200-DMA Resistance. We would abstain from entering into trades here as there can be huge volatility during the US session which might take the pair either ways. But a rise past the 200-DMA could be very bullish with potential to take it towards 0.74, but we might have to discount the sudden spikes which might be seen during the time of US GDP data release and then the FOMC announcement.


Happy Trading!