EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 1.0908/11...Resistance region 1.0964-1.1008
R: 1.0930 / 1.0958-64 / 1.1008
S: 1.0838-20 / 1.0806 / 1.0786-69
Dollar-Swiss continued with the uptrend seen since the last 2-3 days. Having broken past 1.0910, there could be chances of an upside towards 1.1000 during the US session though there is some Resistance at 1.0964. The region near 1.0964-1.1008 is likely to be crucial. If this holds, we could see some consolidation happening between 1.0850-1.1000. But if it doesn't, there could be a sharp rise towards 1.1150-70 over the next couple of days.

Earlier, we got stopped out of the Long entered at 1.0916.

Limit Buy Order:
Buy USD 10K at 1.0840, SL 1.0750, TP Open

Holding:
USD 10K Long at 1.0695, TSL 1.0770 (up from 1.0730), TP Open


GBP-USD @ 1.6351/55...Support at 1.6287-82
R: 1.6414 / 1.6458 / 1.6527
S: 1.6287-82 / 1.6236-20 / 1.6090
Cable has traded lower during the day. It has taken Support of the 8- and 13-DMA at 1.6282 and 1.6287 respectively. As mentioned earlier the 21-DMA at 1.6090 is likely to be the crucial. A break past this can confirm the double top formation on the daily candle. The 8-DMA having cut the 13-DMA from above, there could be some more downside, which is also seconded with the declining Simple MACD. A break past the Support at 1.6287-82, could see the pair moving towards 21-DMA rather sharply.

 
AUD-USD @ 0.8015/19...Breaks 13-DMA
R: 0.8023-26 / 0.8088-8113 / 0.8147
S: 0.7978-60 / 0.7928 / 0.7881
Aussie, unlike Cable, has broken past the Support of the 8- and 13-DMA. Here again the 8-DMA is cutting the 13-DMA from above. The pair is likely to take Support near the 21-DMA (0.7933), beyond which it could fall sharply thus confirming the double top formation as in Cable. We shall have to see both of these pairs together as they look to be behaving in the same fashion now.


Happy Trading!