EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 1.1064/67...Likely to test 1.0980
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R: 1.1102-26 / 1.1156-84 / 1.1220
S: 1.0981 / 1.0923-09 / 1.0800-0750
Dollar-Swiss has dropped recently and looks likely to test the Support at 1.0980 during the US session which is likely to provide a good opportunity to go Long with a strict Stop. But if a comprehensive break below this Support is seen, it would open gates for a fall towards 1.0800-1.0750 over the next few days.

We reiterate our medium term view on Dollar-Swiss. Till the Support at 1.0980 holds, and till Gold continues to be ranged between 910-935 with Support near 890-900, we might see some pullback on Dollar-Swiss towards 1.14 over the next few weeks/ months. To see the chart of Gold, click on: http://www.kshitij.com/graphgallery/goldcandle.shtml#candle and Dollar-Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle

Limit Buy Order:
Buy USD 10K at 1.1010, SL 1.0960, TP Open


 GBP-USD @ 1.5480/84...200-DMA Resistance holds
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R: 1.5554 / 1.5640 / 1.5806
S: 1.5426 / 1.5346
Cable continues to inch closer to the 200-DMA at 1.5554 as the pair has slipped a bit after touching a high of 1.5537. The crude impact on the pair continues to be visible as the relationship gains strength. A rise past the 200-DMA would be seen to coincide with an expected rise past the Resistance on Crude at 61, which is then likely to turn very bullish both for Crude and Cable. A rise past this might make a substantial case for the Cable to rise further towards 1.6050 over the next few weeks/ couple of months. To see the chart of Cable and the trendline Resistance, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle


 
 AUD-USD @ 0.7719/21...May dip towards 0.7620
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R: 0.7735 / 0.7824 / 0.7885
S: 0.7696 / 0.7618 / 0.7567
Th epair has not risen beyond the US session high of 0.7788 nor has it dipped towards 0.76 as anticipated. It could possibly slip towards 0.7620-30 during the US session today and find Support of the 100-MA on the hourly chart which has not been breached too often over the last one month. Such a happening would provide a opportunity to go Long on Aussie. Hence we continue with our Limit Buy Order with slight modifications.

Limit Buy Order:
Buy AUD 10K at 0.7630, SL 0.7600, TP Open

Happy Trading!