EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.USD-CHF @ 1.0356/57...Might test the Resistance region 1.0380-0400
R: 1.0380-0400 / 1.0450-70 / 1.0550
S: 1.0320-00 / 1.0255 / 1.0093-72
The Support region 1.0320-00 held during the day and Swiss has risen slightly now. As mentioned earlier Resistance is seen in the region 1.0380-0400. As the overall sentiment continues to remain brearish on the pair, we expect this Resistance region (1.0380-04000 to hold during the US session today. However a break above 1.0400 might take it up towards 1.0430-50.
On the downside significant Support is seen in the 1.0320-00 a break below which might pull it down towards 1.0220-0200.
GBP-USD @ 1.6505/08...Immediate Resistance at 1.6530
R: 1.6530 / 1.6580-6600 / 1.6660-80
S: 1.6450 / 1.6370-50 / 1.6320
Cable has risen during the day and is now trading above 1.6500. Immediate Resistance is seen at 1.6530. If it holds, a downmove once again below 1.6500 might pull it down towards the Support at 1.6450. With the possibility of a S-H-S on the weekly, we might expect a break below 1.6450 and see a further downmove towards 1.6370-50 in the coming sessions.
On the other hand, a break above 1.6530 might see a rise towards the significant Resistance region 1.6580-6600.
AUD-USD @ 0.8712/14...Bullish
R: 0.8750 / 0.8818 / 0.8991
S: 0.8650-20 / 0.8574 / 0.8535-20
After consolidating between 0.8545-0.8675 for about a week, Aussie has broken the Resistance region 0.8650-75 and is now trading above 0.8700. If it continues to trade above 0.8700, We might see a rally towards 0.8800-50 over the next few days.
On the downside Support is seen at 0.8650 which we might expect to hold in the US session today.
Happy Trading!







