EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.USD-CHF @ 1.0908/13...Strong Resistance at 1.0960-80
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R: 1.0960-80 / 1.0996-1022 / 1.1119-47
S: 1.0883-55 / 1.0785 / 1.0750
USD-CHF has risen during the day towards the 1.0930 and is likely to rise further towards 1.0980 which would provide a good opportunity to go Short for an eventual fall towards 1.05 over the course of next few days to a couple of weeks. There's also strong Support at 1.0750 which is likely to provide some good Support over the course of next few days. To see the chart of Siwss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
Limit Sell Order:
Sell USD 10K @ 1.0960, SL 1.1035, TP Open
GBP-USD @ 1.5829/32...Resistance at 1.5945 and 1.6050
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R: 1.5864-90 / 1.5945-70 / 1.6050
S: 1.5754-30 / 1.5651 / 1.5578
Cable fell to a low of 1.5778 and has bounced from there towards the current levels as the Support at 1.5740-30 was not tested. It may be tested during the US session, a break of which is likely to push it further towards 1.55 over the next few days. On the upside, there's Resistance at 1.5945 and next at 1.6050.
Limit Buy Order:
Buy GBP 10K at 1.5350, SL 1.5250, TP Open
AUD-USD @ 0.7723/28...Immediate Support at 0.7698
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R: 0.7790-7800 / 0.7855 / 0.7920
S: 0.7676 / 0.7579
Aussie has fallen during the day which increases the likelihood of 0.7650 during the day. It may find strong Support here. If it doesn't, it would increase chances of a further fall over the next few days towards 0.7500. The range for the day is likely to be 0.7650-0.7920. To see the chart of Aussie, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle
Happy Trading!







