USD-CHF @ 1.0646/48...Consolidating for a move
R: 1.0684-94 / 1.0732-47 / 1.0796
S: 1.0634-19 / 1.0596-85 / 1.0487-75
The pair remained nearly stationary between the narrow 20-period Bollinger bands on 1-hourly charts, as it gathers strength to meet its first Resistance at 1.0684 or even 1.0732. On the downside, if the Support at 1.0634-19 is broken, 1.0596-85 (end of the ‘Range’ in which the pair has traded for 11 weeks now) should cushion the fall
 
 
GBP-USD @ 1.6755/59...Significant Support in the region 1.6720-6690 
R: 1.6800-10 / 1.6879-6902 / 1.6928
S: 1.6720-6690 / 1.6660 / 1.6632-22
Cable fell during the day and recorded a low of 1.6717. As mentioned in the morning edition 1.6720-6690 is the Significant Support region to watch for which includes the 55-MA on the 4-hr chart (1.6695) and the 50% retracement level (1.6993) of the recent rise from 1.6339 (29-Jul) to 1.7045 (05-Aug). If this Support region holds and the pair gains upside momentum we may see a rally once again towards 1.6950-7000 in the coming days. However a break below this Resistance region might pull it down towards 1.6600. Though the pair has fallen sharply we still remain bullish and expect a rally once again towards 1.7000 in the coming days with the strong Support region 1.6720-6690.


 
 AUD-USD @ 0.8371/75...At major Support
R: 0.8380-0.8405 / 0.8434-41 / 0.8491-0.8500
S: 0.8355 / 0.8330-20 / 0.8289
After breaking Support of 0.8380, the pair has been trading down towards its Support at 0.8355. The Support-turned-Resistance band of 0.8380-0.8405 is given by the Exponential MA of Lows and Highs respectively on the 1-hourly charts. A break above this band may lead to Resistance at 0.8441 being retested. Further on the upside, 0.8500 is a major Resistance zone. The Support at 0.8355 is derived from a Trendline joining Lows of 0.7700 on 13/07/09 and 0.8125 on 29/07/09 in the 4-hourly charts. On the downside, if the level of 0.8355 is broken strongly, 0.8250 can be seen.

Market Order (at the time of writing):
Buy AUD 10K at current level, SL 0.8320, TP 0.8425


Happy Trading!