USD-CHF @ 1.1280/83...Support at 1.1165 may be at threat
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R: 1.1333 / 1.1387 / 1.1413
S: 1.1250 / 1.1220 / 1.1181-65
Dollar-Swiss has been ranged between the 1.1258 and 1.1324. It has immediate Resistance at 1.1322-25. A break above would set the pair back on track above the 21-SMA on the 4-hourly where it could look to rise further towards top of the broader range of 1.1220-1.1485.

Having broken the strong positive correlation with Gold in early Jan 2009 to turn negative post Jan 2009, the reciprocal of the pair (1/USD-CHF) is trying to re-establish the same relationship once again which makes us believe that the Support at 1.1165 may not be unvulnerable in the days to come where the Gold has turned bullish after having risen past the downward channel. To see the chart of Gold, click on: http://www.kshitij.com/graphgallery/goldcandle.shtml#candle

But if the relationship is not re-established, we might believe that the Support will hold. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

Holding:
USD 10K Long at 1.1260, SL 1.1250 (up from 1.1210), TP 1.1320 (down from 1.1400)
 

GBP-USD @ 1.5063/66...Ranged
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R: 1.5160 / 1.5250 / 1.5425
S: 1.4963 / 1.4901 / 1.4868
Cable has once again risen though marginally to record a high of 1.5080 as it attempts to rise past the Resistance near the current levels. We felt that it might be headed downwards not having been able to sutain the rise but given the strong relationship with Crude which the pair has showed over the last several months, it could be in for a rise as well driven by Crude. This sounds mixed which we currently feel about Cable. Let's see if the 8-day MA is able to lend the pair enough Support or it starts making its downward wave. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

 
 AUD-USD @ 0.7575/80...Ranged
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R: 0.7632-40 / 0.7746
S: 0.7524 / 0.7475-50 / 0.7400
Aussie has risen during the day towards 0.7593 and looks likely to be in a range during the US session between 0.75-0.76. Though we prefer Aussie to tread higher towards 0.7750, but immediately it looks ranged and could see some consolidation before making the surge towards the target. The Support region of 0.7475-0.7500 had held pretty well for the pair during the day a break of which would next target 0.7393. As of now, the chances of the Support breaking is not high.

Take a look at the trendline Support which has held during the day at the following page: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Happy Trading!