USD-CHF @ 1.0805/08...Break of 1.0790 to be bearish
R: 1.0843-52 / 1.0883-89 / 1.0960
S: 1.0790-74 / 1.0750 / 1.0616
Dollar-Swiss has fallen from 1.0942 during the US session yesterday to the current level and is now testing Support at 1.0790. A break past 1.0790 might turn bearish and the pair could slip towards 1.0750 and might then target 1.06 over the next few days. As we have been mentioning that the flattened braiding MAs continue to act as the fulcrum for the pair to oscillate in a range. The medium term range is 1.0600-1.1025. However a rise is likely to be contained near 1.0960 for the day.
 

GBP-USD @ 1.6258/62...Resistance at 1.6316
R: 1.6263 / 1.6316 / 1.6351-73
S: 1.6154 / 1.6108-6091 / 1.5979
Cable has risen from 1.5984 seen during the US session and even above the level of 1.6167 and 1.6208 that we were look for in the morning. If the momentum continues, it may rise towards 1.6316 during the US session today. Overall till the pair is below 1.6316, the outlook is negative. The projected Max Low for the day is at 1.5979. A break past this Support would target 1.5850. Besides the sharply falling simple MACD adds to the bearish view. To see the chart, click on: http://www.kshitij.com/graphgallery/gbposc.shtml#osc

 
 AUD-USD @ 0.7843/47...Bullish till Support at 0.7750 holds
R: 0.7868 / 0.7905 / 0.7975
S: 0.7798 / 0.7750 / 0.7702
Aussie has risen after testing the medium term channel Support for which range is 0.7750-0.8120. As of now it seems, the pair may continue its upside move towards 0.8120 over the next few days during which it may face Resistance at 0.7888 (21-MA on 4 hour chart) and at 0.7995 (200-MA on 4 hour chart). Within this medium term range, if the Resistance region of 0.7867-88 holds it may come down and test medium term channel Support once again which is at 0.7750. A break below may lead this pair towards 0.7600. But the chances of a substantial break below 0.7750 does not look likely at the moment. Overall bullish till Support at 0.7750 holds.


Happy Trading!