USD-CHF @ 1.0889/91...Consolidating
R: 1.0919 / 1.0980 / 1.1095
S: 1.0815 / 1.0770 / 1.0696
USD moved up slightly after making a Low of 1.0841 to a High of 1.0886 and has ‘consolidated’ or traded sideways since then in a narrow range. If the strong upward momentum resumes a retest of 1.0919 and movement towards 1.0980 is expected in the coming sessions. Significant break above 1.0976 may lead us to set greater targets for the pair on the upside.

We stand by what we said in the morning about the downside view - the Resistance-turned-Support at 1.0815 is a strong floor for the coming sessions. Break of this floor though unlikely can lead to 1.0770-60 levels.
 

 GBP-USD @ 1.6483/86...Mixed
R: 1.6500-20 / 1.6544-60 / 1.6600
S: 1.6422-6396 / 1.6359 / 1.6300
Cable rose and broke above 1.6500 during the day. But the pair failed to sustain above 1.6500 and has fallen once again below 1.6500. If the pair continues to trade lower we may see a downmove towards 1.6400-6380. A further move on the downside might see a dip towards 1.6300. As mentioned earlier 1.6300 is a significant level to watch for on the downside as the pair has not seen a break below 1.6300 since 20-Jul.

Although the pair has risen during the day, a strong move above 1.6500 was not seen. A break once again above 1.6500 and an upmove might take the pair up towards the Resistance region 1.6550-60. Note that the projected Max-Low for the day is 1.6544. Overall the pair is looking mixed now.


 
 AUD-USD @ 0.8241/44...Extending gains
R: 0.8257 / 0.8303 / 0.8334
S: 0.8184-74 / 0.8119-11 / 0.8073
Just as expected in the morning, prices moved sharply up to 0.8259 after taking Support from 0.8174. Level 0.8174 was the upper end of the Channel in 1-hourly charts formed by joining the High of 0.8337 on 28th July and High of 0.8278 on 29th July; and taking Low of 0.8223 on 28th July for the lower end of the Channel.

0.8257 is an intermediate Resistance from where prices can retrace to 0.8210 (38.2% level of the recent up move from Low of yesterday at 0.8125 to High of today at 0.8260) before moving back up towards Resistances of 0.8303 and 0.8334. The break of Support at 0.8210, though unlikely for now can lead to 0.8190 and subsequently to 0.8119.

Happy Trading!