USD-CHF @ 1.0885/88...Narrow range
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R: 1.0942-63 / 1.0995-1002 / 1.1116
S: 1.0748 / 1.0591-70 / 1.0500-480
Dollar-swiss has continued to trade within a very narrow range. Dip towards 1.0750-30 over the course of next few days seems imminent at this point, but possibly after some sideways range between 1.0800 and 1.0960. We continue to maintain our limit Sell Order on Dollar-Swiss, as there are equal chances of a dip towards 1.0750 or a rise towards 1.0960 (before an eventual dip towards 1.0750) over the next couple of days.

Limit Sell Order:
Sell USD 10K @ 1.0940, SL 1.1015, TP Open 
 

GBP-USD @ 1.5963/66...Range for next couple of days: 1.5700-1.6050
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R: 1.6050 / 1.6117 / 1.6426-48
S: 1.5938-16 / 1.5838 / 1.5774
Cable has risen towards 1.6050 during the day. It is likely to consolidate near 1.5700-1.6050 over the next few days and then could rise past the Resistance to target 1.64-65 over the next several days/ weeks.

However, the simple MACD is testing an important Resistance at current levels, which increases the chances of a dip towards 1.55-56 as well. Let's see which comes through...

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


 
 AUD-USD @ 0.7829/34...May consolidate near 0.7785-0.7900
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R: 0.7965 / 0.8087 / 0.8159
S: 0.7835-22 / 0.7782-53 / 0.7711-00
Aussie has started to come off and looks likely to dip towards the 8-DMA at 0.7785 or even towards 0.7750. Eventually in the longer term, the pair is likely to go higher, but could consolidate near 0.7785-0.7900 over the next couple of days before making a fresh move towards 0.81. To see the chart of Aussie, and the channel in which it has been moving, click on: http://www.kshitij.com/graphgallery/audcandle.shtml#candle


Happy Trading!