USD-CHF @ 0.9782/85...Bullish, needs to stay above 0.9735
R: 0.9800 / 0.9860
S: 0.9735 / 0.9690 / 0.9610
The pair continued moving up but could not cross its crucial resistance of 0.9800 and came down. Till the pair trades above 0.9735 and 0.9690 we can assume that the pair will move up and continue its uptrend, but a break below these support levels can take the pair into a bearish mode and lower towards 0.9610. the pair seems to be enjoying good momentum.
Holding USD 10K Long at 0.9720, TSL 0.9760
As soon as the market trades 0.9810 move the stop to 0.9770
Limit Buy Order
Buy USD 10K at 0.9710, SL 0.9660, TP 0.9770
GBP-USD @ 1.5700/03...Ranged
R: 1.5700-05 / 1.5765
S: 1.5635-00 / 1.5580 / 1.5520
The pair slipped towards its support of 1.5600 but recovered with a spike in a trade mark of style of its own and currently trades at its range resistance of 1.5700 which if crossed can take the pair towards 1.5765. The overall picture is still ranged between 1.5400-1.5740, with good intra range support at 1.5635 and 1.5600 respectively. It has high chances of breaking the range on the upside. It just seems to be picking up momentum and hints at a possible range break soon.
AUD-USD @ 1.0485/88...If 1.0465 hold can bounce towards 1.0600
R: 1.0520 / 1.0600 /
S: 1.0465 / 1.0430 /
The pair seems to be stabilizing a bit at current levels but that definitely does not mean that the down side is done with; the pair no doubt is making a top and can dip towards 1.0430-00 in no time, having said that the pair has not broken its support of 1.0465-45 mentioned in the morning which can possibly take the pair higher towards 1.0520. The pair recently has lost its momentum and can trade in a slow and sluggish manner as well that it has exhibited today. Any bounce higher than this towards 1.0600 can be used to short the pair with a stop above 1.0600. It has good resistance at 1.0520 which is expected to hold in the immediate term at least, but if the pair manages to sustain above 1.0415 it can again move towards 1.0600.
Limit Sell Order
Sell AUD 10K at 1.0670, SL 1.0740, TP Open