USD-CHF @ 1.0625/28...Holding Longs
R: 1.0631-51 / 1.0668-99 / 1.0742-67
S: 1.0572-50 / 1.0500-496 / 1.0445

Dollar-Swiss dipped below 1.0600 in the European Session today and is trading near the immediate Resistance region of 1.0631-51. We expect the pair to test the immediate Resistance region (1.0631-51) before a dip towards 1.0572-50 in the US Session today. However, a break above the immediate Resistance (1.0631-51) may take it towards 1.0668-99, though we see less chances of this upmove today.

Holding:
USD 10K Long @ 1.0600, SL 1.0560 (up from 1.0510) , TP 1.0670
USD 10K Long @ 1.0580, TSL 1.0590 (up from 1.0490), TP 1.0650
 

GBP-USD @ 1.4994/97...Immediate Resistance at 1.50, holding
R: 1.5000-10 / 1.5080-1.5105 / 1.5135-50
S: 1.4969 / 1.4935 / 1.4847

Cable failed in its various attempts made to break above 1.50 in the Asian session today and is continuing to retain the downside pressure. While the immediate Resistance at 1.50 continue to hold we might expect a downmove to 1.4850 in the coming sessions. Note 1.4847 is a very significant Trendline Support seen on the weekly candles, a strong break below which might increase the chances of further dip to 1.4650-1.4500. To see the Trendline Support on GBP-USD weekly candle chart click on the following link:
http://www.kshitij.com/graphgallery/gbpcandle.shtml#candle

On the upside we expect the immediate Resistance at 1.50 continue to hold. However. a strong break above 1.50 might see a rise towards 1.51.

 
 AUD-USD @ 0.9110/13...Mixed
R: 0.9136-50 / 0.9189-200 / 0.9239-50
S: 0.9100-072 / 0.9042 / 0.8944-40

Aussie is trading near the immmediate Support region of 0.9100-072, which may be honoured, followed by rally towards 0.9150 in the US Session today. However, a break below the immediate Support may see a fall towards the next Support level at 0.9042, though we expect the immediate Support to hold.


Happy Trading!