USD-CHF @ 1.1349/52...Ranged
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R: 1.1389 / 1.1433 / 1.1475
S: 1.1331 / 1.1230-20 / 1.1170-65
Dollar-Swiss rose towards 1.1418 and has since then fallen after finding Resistance from 13-DMA. The pair may attempt to rise towards the upper end of the range that we have been mentioning over the last few days. The range is of 1.1220-1.1485. We continue to maintain the view that one should buy low sell high in this ranged market. Immediately there's Support on the pair at 1.1331. Sharp dip can see the pair fall towards the Support of 1.1225 which we have been maintaining for some time. To see the chart of Dollar-Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

Limit Buy Order:
Buy USD 10K at 1.1260, SL 1.1210, TP 1.1400

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


GBP-USD @ 1.5096/99...Sheds gains after nearing 1.52
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R: 1.5265 / 1.5320 / 1.5632
S: 1.5045-40 / 1.4994 / 1.4934
Cable had inched further up towards 1.52 during the day and could not sustain the rise as it fell lower thereafter towards 1.5053. We would still advocate a rise for 1.53 over today/ tomorrow. The similarity that the Crude has been showing to the pair is furthered as Crude rose past 58 level for the first time since 17th Nov 2008 and the pair too rose towards 1.52 for the first time since Jan 2009. Possibly, the pair is awaiting some trigger to help it find the direction as it rests near an important Support at 1.5040. We intend to retain our Limit Buy Order on Cable. To see the chart of Cable which suggests a rise towards 1.53, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

Limit Buy Order:
Buy GBP 10K at 1.5050, SL 1.5020, TP 1.5250

 
AUD-USD @ 0.7584/87...Bullish
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R: 0.7746 / 0.7780-95
S: 0.7488 / 0.7455-28 / 0.7307
Aussie is well set to now target 0.77-78 over the next couple of sessions/ days. Having breached an important Resistance region of 0.7560-0.7580. Soaring commodities continue to push the pair up. Having breached the Projected Max High for the day, the pair is likely to continue to rise towards 0.77 as we would like to keep the TP Open for now. Take a note of the change in the SL on the positions.

Holding:
AUD 10K Long at 0.7521, TSL 0.7535 (up from 0.7500), TP Open
AUD 10K Long at 0.7580, TSL 0.7535 (up from 0.7500), TP Open 

Happy Trading!