USD-CHF @ 0.9348/51... Mixed
R: 0.9400 / 0.9460 /
S: 0.9350-40 / 0.9300/ 0.9260
The pair as expected took support at 0.9340 and gave a rise towards 0.9400 to make a high of 0.9385 and is now moving lower to its support of 0.9350-40 where it has its 200 EMA on the hourly charts which if broken can take it lower towards 0.9310-00 which seems to be its next support level. A bounce from 0.9350-40 or 0.9300 can take again towards 0.9410 and to 0.9460 where it has significant resistances of 200 EMA and trend line on the daily charts.
Limit Sell Order
Sell USD 10K at 0.9420, SL 0.9475, TP 0.9250
Sell USD 10K at 0.9460, SL 0.9510, TP 0.9300
GBP-USD @ 1.6237/40...Ranged
R: 1.6270-300 / 1.6383
S: 1.6200 / 1.6160 / 1.6080
The pair continues its ranged movement between 1.6270-160 but broadly in an uptrend which can continue only if it moves above 1.6300 with strength and can further target 1.6380 and 1.6500. For this Cable has to stay above 1.6160 which seems to be a significant support on the daily charts. The pair continues to form indecisive bars on the daily charts and seems undecided of the direction in the short term. The down side is capped till it stays above 1.6160 which if broken can open its down side possibilities of 1.6080 and 1.6000.
AUD-USD @ 1.0442/45...Mixed
R: 1.0470 / 1.0520
S: 1.0400 / 1.0370 / 1.0330
The pair continues to trade in the Head and shoulder pattern in the short term charts but has not broken below its all important neckline support at 1.0400 where it also has its 200 EMA on the daily charts. A convincing break below 1.0400 can open doors for a further fall to 1.0370 and 1.0330 which does seem likely. The broader picture looks bearish and would be confirmed if the pair manages to close below 1.0430 which is its significant support on the daily charts. The pair on the upside has good resistance at 1.0485-500 which is expected to cap the upside.
Limit Sell Order
Sell AUD 10K at 1.0580, SL 1.0650, TP Open