USD-CHF @ 1.1057/61...Ranged
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R: 1.1076 / 1.1176 / 1.1222
S: 1.0992 / 1.0958 / 1.0750
Dollar-Swiss continued to trade between the range it had been trading since the US session on Friday between 1.1019-1.1110. Having dipped towards the lower end of the range, attempts might be to break past the Support at 1.0980. Duration of the ranged view looks indeterminable as of now. But a break is more likely on the downside. A break below 1.0930 could be very bearish for the pair which would then target 1.0750. The range of 1.0980-1.1130 is bound by the 55-week MA at the top and the 61.8% retracement of the rise from 1.0371 (29-Dec-08) to 1.1968 (12-Mar-09) at the bottom. This range looks good enough to hold for some time though.
 
 
GBP-USD @ 1.5278/80...Tests 1.53
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R: 1.5300 / 1.5450-1.5500 / 1.5691
S: 1.5264 / 1.5159 / 1.5114
Cable had re-attempted a rise past 1.53 and faced Resistance here as mentioned in the morning. This level should be crucial. A rise past this Resistance might next test 1.55 over the next few days. Let's see if this Resistance holds. If it does, the pair may once again dip towards 1.5080. A break past 1.53 would be preferred, though in a couple of days if not immediately.

To see the chart and the trendline Resistance at 1.53, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle


 
 AUD-USD @ 0.7623/26...Support at 0.7540
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R: 0.7688 / 0.7961 / 0.8013
S: 0.7645 / 0.7621 / 0.7548-40
Aussie rose towards 0.7680 during the day and has dipped towards 0.7600 now. The trendline Resistance-turned-Support at 0.7540 is likely to be held which would then warrant a rise towards 0.78-0.80 in the next few days if not in the very near term. It looks ranged between 0.7540-0.7700 for now. Till the pair remains in this range, one may buy low and sell high. To see the chart of Aussie and the trendline Support at 0.7540, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle

Happy Trading!