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 @ 1.1397...Rose past 1.1395
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R: 1.1421 / 1.1478-1.1500 / 1.1591
S: 1.1230 / 1.1167-65 / 1.1082
Dollar-Swiss has shot towards 1.1409 during the day finding Resistance from the 8-day MA at 1.1421. A rise past this is likely to take the pair towards 1.1500 over the US session today or tomorrow. The pair could turn bullish towards 1.15 on a rising momentum as seen on the 4-hourly. The Projected Max Low for the day is at 1.1230 which may not be tested. To see the chart of Dollar-Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
GBP-USD @ 1.4856...Buy on dip towards 1.4750-80
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R: 1.4918 / 1.5051 / 1.5474
S: 1.4853 / 1.4790 / 1.4718
Having scaled a heght of 1.4982, Cable has dipped during the day towards 1.4835 even as the range of 1.45-1.51 continues to hold. Daily charts suggest some strong buying might come near 1.4750-1.4780 if seen during the US session which is likely to hold the pair's sudden fall.
Limit Buy Order:
Buy GBP 10K at 1.4770, SL 1.4708, TP Open
AUD-USD @ 0.7333...Limit Buy Order
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R: 0.7422 / 0.7705 / 0.7746
S: 0.7298 / 0.7265 / 0.7202
We continue to be bullish on Aussie despite a dip towards 0.7309 during the day. The rise towards 0.77-78 over a longer time frame looks imminent. On the downside, the pair has an important Support of the 200-DMA at 0.7177. The Projected Max High for the day is at 0.7422. Till the 200-DMA holds, we continue to believe that a rise towards 0.77-78 is possible sooner rather than later.
Limit Buy Order:
Buy AUD 10K at 0.7310, SL 0.7250, TP Open
Buy AUD 10K at 0.7190, SL 0.7160, TP Open
Happy Trading!







