USD-CHF @ 1.0894/97...Support at 1.0800
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R: 1.0916 / 1.0989-1012 / 1.1096-1114
S: 1.0817 / 1.0750 / 1.0619-0598
Dollar-Swiss has dipped after rising towards 1.0955 during the day. We had exited out of the Short entered at 1.0940 at cost as there was an outside chance of a rise towards 1.1050-70 as suggested by the 4-hourly chart. Instead, the pair faced Resistance at 1.0960-80 which was sufficient enough to keep the pair ranged between 1.0871-1.0955 during the day. On the downside, there's Support in the region of 1.0817-0800 for the US session.

On a rise towards towards 1.1050, we would like to re-enter the Short, for which we place a Limit Sell Order. The chances of an eventual decline towards 1.0500 is still there only on a comprehensive break past 1.0800-0750.

Limit Sell Order:
Sell USD 10K at 1.1040, SL 1.1120, TP 1.0850
 


GBP-USD @ 1.5918/23...Resistance at 1.6047-80
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R: 1.5954-68 / 1.6047-80 / 1.6448
S: 1.5838 / 1.5785 / 1.5604
Cable has bounced back after recording a low of 1.5853 during the day. Overall the Cable has been oscillating between 1.58-1.61 over the last 5 days.

The view continues to be the same as mentioned in the morning. A comprehensive rise past 1.6050-80 is likely to take the pair towards 1.64-65 intially and towards 1.6660 eventually over a longer time frame. On a dip, a break below 1.5838 could next target 1.56.

Limit Buy Order:
Buy GBP 10K at 1.5600, SL 1.5480, TP Open

 
 AUD-USD @ 0.7813/17...Could dip towards 0.77
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R: 0.7889 / 0.8087 / 0.8159
S: 0.7793 / 0.7712-06 / 0.7627-15
Aussie dipped during the day toward 0.7744 and has bounced since then. We continue to believe that it could still move towards 0.7700-0.7675 over the US session or tomorrow which could provide a good opportunity to go Long. A further dip (though not likely) could prove to be very bearish which could take the pair towards the channel Support at 0.7500-7450 over the next few days, if not immediately. On a rise, we do not anticipate it to break past the Resistance at 0.7920 in a hurry.

Limit Buy Order:
Buy AUD 10K at 0.7720, SL 0.7650, TP 0.7850


Happy Trading!