USD-CHF @ 1.0597/99...Might test the significant Support at 1.0500
R: 1.0630 / 1.0680 / 1.0715-25
S: 1.0550 / 1.0510-00 / 1.0420-00

After breaking above 1.0600 and trading in a narrow range of 1.0600-0630 during the day, Swiss has once again fallen below 1.0600. Since a strong upmove after a break above 1.0600 was not seen, we might expect a downmove towards 1.0550 in the US session. A break below 1.0550 might see 1.0500 on the downside. As mentioned earlier 1.0500 is the significant level to watch for on the downside, a break below which might increase the chances of a dip towards 1.0300.

On the other hand if the Support at 1.0550 holds, a break and a further strong move above 1.0600 might take it up towards 1.0650-80 in the coming session.
 
 
GBP-USD @ 1.6494/97...Bullish. But may dip to 1.6350 first.
R: 1.6531-50 / 1.6583 / 1.6629
S: 1.6472 / 1.6430 / 1.6354

Cable has ranged between 1.6436-1.6520 and continues to look bullish. The view as was mentioned in the morning holds, and is reproduced below:

"Ovreall it looks bullish for an initial target of 1.68 with a medium term target of 1.70. But presently having risen quite a bit from the level of 1.6350 where we would have wanted to go Long, we would want to stay out. Whether it moves up from here itself on the Support of 1.6497 or whether it dips towards 1.6355 before rising is something to ponder over. There are equal chances of any of these happening."

We continue with the Limit Order in anticipation of a dip towards 1.6350:
Limit Buy Order:
Buy GBP 10K at 1.6355, SL 1.6250, TP 1.6680
As soon as market trades 1.6480, bring SL upto 1.6420


 
 AUD-USD @ 0.8407/09...Resistance in the region 0.8460-85
R: 0.8421 / 0.8460-85 / 0.8580-0.8600
S: 0.8365-50 / 0.8330-15 / 0.8269

After falling and recording the day's low of 0.8358, Aussie has risen and is now trading above 0.8400. If the current upside momentum continues, we might see it moving up and testing the Resistance region 0.8460-85. Note that the projected Max-High for the day is 0.8468. A strong break above this Resistance region (0.8460-85) and a further upmove above 0.8500 might see 0.8600 on the upside in the coming days.

However, if the Resistance region (0.8460-85) holds we might see a pull back towards 0.8370-50.

Happy Trading!