USD-CHF @ 1.0899/0901...Ranged - bearish
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R: 1.0909 / 1.0950-75 / 1.1018-26
S: 1.0783 / 1.0719
Dollar-Swiss has been ranged through the day between 1.0869-1.0932 prior to the week end, a which has seen a huge fall from 1.1268 to 1.0871. Let's see how the things move during the US session. Possibly quieter, prior to the weekend.

Overall Swiss looks likely to fall further towards 1.0800-1.0750 over the next few days. But if the same were to be seen during the US session, though we feel that it may not, it should find some good Support there.

Limit Sell Order:
Sell USD 10K at 1.0950, SL 1.1010, TP 1.0830
 

GBP-USD @ 1.5883/86...Resistance at 1.5900
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R: 1.5900 / 1.5959 / 1.6050
S: 1.5800 / 1.5761 / 1.5694
Cable has been ranged between 1.5750-1.5900 and has been facing strong Resistance from 1.5900 since yesterday. We shall have to see if it holds during the US session which would then warrant an expectation of 1.6050 over the next few days. The 200-DMA continues to hold pretty well. A sharp dip which looks unlikely as of now, the 200-DMA would likely continue to provide good Support. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

Limit Buy Order:
Buy GBP 10K at 1.5350, SL 1.5250, TP Open

 
 AUD-USD @ 0.7829/33...Resistance at 0.79
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R: 0.7900 / 0.8092
S: 0.7765-49 / 0.7688-64 / 0.7648-34
Aussie is showing sufficient strength to rise towards 0.7935-40 now having broken past the 0.78 where it is likely to find Resistance at 50% retracement level of the fall from 0.9851 to 0.6007 at 0.7935. The rise during the US session may be restricted to the Projected Max High for the day at 0.7900.

Aussie has shown greater strength than any of the other majors against USD and has retraced quite a bit of the losses since Bear Stearns faster than any other currency. Let's see if it will rest after retracing the 50% of the big fall or it continues relentlessly one way up. To see the chart of Aussie, which shows the strong Resistance at 0.79, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle


Happy Trading!