USD-CHF @ 1.1105/08...Ranged
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R: 1.1130 / 1.1170 / 1.1209-16
S: 1.1076-66 / 1.0976 / 1.0781
Dollar-Swiss has moved in a very narrow range during the day after a steep fall yesterday which made it test the Support at 1.0980. This had held and is likely to Support the pair in the sessions to come. We would still maintain the view of a ranged move between 1.0980-1.1130 and beyond that at 1.1170 as we believe, the range when broken could be on the upside. However we reiterate thsi to alert the readers that if the breach of 1.0980 is seen, we may see the pair becoming very bearish for a fall towards 1.07-1.08 over the next few days. To see the chart of Dollar-Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
 


GBP-USD @ 1.5104/08...Bearish
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R: 1.5155 / 1.5185-5205 / 1.5287
S: 1.5014 / 1.4980 / 1.4933 / 1.4892
Cable fell past the Support at 55-MA on the 4-hour chart. A break past 1.4892 (21-DMA) may signal the confirmation of bearishness which could then pull the pair down towards 1.45 over the next several days. The relationship with Crude has been working very well with Crude for quite sometime now. With Crude having plunged after facing Resistance near 60, may now possibly move lower further over the next few days driving Cable down towards 1.45. To see the chart of Crude, click on: http://www.kshitij.com/graphgallery/nymexcrudecandle.shtml#candle


 
 AUD-USD @ 0.7485/88...Supported at 0.7475
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R: 0.7546-60 / 0.7596-7613 / 0.7919
S: 0.7475 / 0.7432 / 0.7360
Aussie was ranged between 0.7472-0.7560 against an expectation of 0.7475-0.7560. Till it continues to face Resistance from the 8-DMA (at 0.7551), we might see it being pressured lower further towards 0.7430. Besides, the commodity currency is being weighed by the fall in commodities. However a rise past 0.7560 might see it enter the Resistance region of 0.7596-0.7613.

Holding:
AUD 10K Short @ 0.7522, SL 0.7522 (down from 0.7565), TP Open (changed from 0.7550)

Limit Sell Order:
Sell AUD 10K at 0.7540, SL 0.7565, TP 0.7475


Happy Trading!