USD-CHF @ 1.0683/86...Ranged during the day
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R: 1.0700 / 1.0736 / 1.0761-93
S: 1.0643 / 1.0568-66 / 1.0385
Dollar-Swiss has been ranged between 1.06-1.07 during the day. For the US session, the range is likely to be 1.0505-1.0700 as was mentioned in the morning as well. The bearish view on the pair continues till it is not able to rise past 1.08. And the bearishness could take it towards 1.0500 in the near term. To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfma.shtml#ma

We have been stopped out of the Short in Swiss entered at 1.0680 recording a 10 pips loss.
 
 

GBP-USD @ 1.6503/08...Immediate Support at 1.6484
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R: 1.6714 / 1.6960 / 1.7149
S: 1.6498-84 / 1.6462 / 1.6382
Cable has fallen sharply after recording a high of 1.6665. Earlier we were stopped out of the Long entered at 1.6643. An immediate Support is available at 1.6484, below which it could dip further towards 1.6382. Below that next Support is available at 1.6187. A break of this is likely to raise questions over the authenticity of rise seen over the last few days amd could be very bearish. To see the chart of Cable, click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

 
 AUD-USD @ 0.8151/53...Support at 0.8100 crucial
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R: 0.8303 / 0.8400 / 0.8451
S: 0.8155 / 0.8124-03 / 0.7972-54
Aussie, too, has fallen closer to the Projected Max Low for the day at 0.8124. Though there's Support available next at 0.8100, a break below is likely to target 0.7950 over the course of the week. This is likely to provide ample Support going forward. One might want to look at buying opportunities if this level is seen. But unless it breaks past 0.81, we would assume the near term uptrend to continue and which could take the pair towards 0.8400 over the next few days.


Happy Trading!