USD-CHF @ 1.0743/45...Support holding strong
R: 1.0796-1.0810 / 1.0848-58 / 1.0882
S: 1.0732 / 1.0707-1.0694 / 1.0657

The crucial level of 1.0732 is still acting as the point of inflexion as the pair is trading in a narrow range close to it. A strong rise above 1.0732 may lead the pair to 1.0796-1.0810 while a break below 1.0732 may push the price down towards 1.0707-1.0694 and beyond. Overall, it is a wait and watch scenario, $-Swiss seems equally inclined to take Support at current levels to see 1.0796 on the upside or fall below 1.0796 towards 1.0694.
 
 
GBP-USD @ 1.6612/18...Bullish, Support at 1.6500
R: 1.6637-43 / 1.6678-99 / 1.6850
S: 1.6570-50 / 1.6517-6492 / 1.6472
Cable as expected has risen breaking above the Resistance at the 21-DMA (1.6570) and is now trading above 1.6600. If the current upside momentum continues we may see a rise towards 1.6700 in the US session. Note that the projected Max-High for the day is 1.6699. And also we may expect a rally once again towards 1.7000 over the next few days/weeks.

On the other hand if the pair once again breaks below 1.6600 and continue to trade lower, we may see it moving down towards 1.6500 where strong Support is seen. We expect this Support at 1.6500 to hold as the current upmove is looking strong.

Overall we remain bullish on the pair and are looking for a rally towards 1.7000 over the next few days/week.


 
 AUD-USD @ 0.8433/37...Bullish 
R: 0.8442 / 0.8475 / 0.8523
S: 0.8395/ 0.8320 / 0.8268

The Support and consolidation at 0.8315 propelled Aussie to 0.8395, as expected. The pair has broken Resistance at 0.8395 after an initial set back and looks geared to meet Resistance at 0.8442 and further up at 0.8500 in the next week. A correction on the downside may, at maximum, see 0.8329-20.

Overall, Aussie is expected to rise towards the recent Highs around 0.8442 and probably break it to touch 0.8500.

Happy Trading!