USD-CHF @ 1.1353/55...Buy Dips, Sell Rallies
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R: 1.1382 / 1.1411 / 1.1466-85
S: 1.1231-20 / 1.1038
Dollar-Swiss has ranged between 1.1300-1.1380 during the day. The Support at 1.1225-35 is likely to continue to hold. We would continue to like to go Long near this Support. The Support also coincides with the Projected Max Low for the day and the 100-week MA. Besides the Resistance on the top at 1.1485 is also likely to continue to hold as the range mentioned in the morning 1.1220-1.1485 remains intact. In this ranged market, it would be ideal to "buy low, sell high".

Limit Buy Order:
Buy USD 10K at 1.1240, SL 1.1200, TP 1.1420

Limit Sell Order:
Sell USD 10K at 1.1470, SL 1.1530, TP 1.1260
 

GBP-USD @ 1.5004/07...Mixed, though chances of 1.53 still there
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R: 1.5183 / 1.5300 / 1.5632
S: 1.4987-68 / 1.4928
Cable rose towards 1.5120 during the day as the Resistance at 1.5050 was broken past. The view remains the same that of a rise towards 1.53 after having risen past 1.5050. The Projected Max Low for the day is at 1.4928 in Cable which is not likely to be seen. A dip is more likely to be contained near 1.5027 for today. However as mentioned earlier if the pair intends to pack up from the rally, it might settle near 1.4600

 
 AUD-USD @ 0.7400/05...Resistance at 0.7510 important
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R: 0.7458 / 0.7510 / 0.7746
S: 0.7370 / 0.7315 / 0.7269
Aussie has risen during the day and the Resistance at 0.7510 continues to hold. A rise during the US session is likely to be restricted to this trendline Resistance. But in case it breaks, we might see 0.77-0.78 over the next few days. We would prefer a dip towards 0.72 over the course of next few days having found Resistance from the same trendline yesterday. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle


Happy Trading!