USD-CHF @ 1.0297/0301...Bearish
R: 1.0300-10 / 1.0330-55 / 1.0375-95
S: 1.0275 / 1.0220-00 / 1.0175-55

Swiss broke below the Channel line Support at 1.0320 mentioned earlier and is now trading lower keeping intact the overall bearish sentiment. Significant Support is seen at 1.0275. If it holds we might see a rise towards 1.0330-50 in the US session. However if it continues to trade below 1.0300, a break below 1.0275 might pull it down towards 1.0220-00 in the US session. Overall the pair continues to remain bearish and we are looking for a dip towards 1.01 over the next few days/weeks.
 
 
GBP-USD @ 1.6097/6101...May rise to 1.62 before falling
R: 1.6102-25 / 1.6200-36 / 1.6288
S: 1.5983 / 1.5949 / 1.5807

Cable has risen above 1.61. The bearish view remains. However, we will still have to allow for a rise towards 1.62 (61.8% retracement of the fall from 1.6467 (23-Sep) to 1.5768 (28-Sep). A significant rise beyond 1.62 would cause us to review our stance. But till this holds, the bearish view remains. Hence Cable could be targeting 1.5900-5850 initially and 1.57 thereafter. The Projected Max High and Low for the day is at 1.6109 and 1.5949 respectively.


 
 AUD-USD @ 0.8821/24...Bullish
R: 0.8835 / 0.8855 / 0.9015
S: 0.8750-35 / 0.8705-0.8690 / 0.8660

Aussie is continuing to trade higher. Immediate Resistance is seen at 0.8835. If it holds we might see a downmove towards 0.8750 in the US session today. However, the overall view continues to remain bullish and as mentioned earlier we might see a rise towards 0.89-0.90 over the next few days/weeks.

Happy Trading!