USD-CHF @ 0.9264/67...Likely to turn down from current levels
R: 0.9300 / 0.9340-50 / 0.9380-0.9400
S: 0.9240 / 0.9180 / 0.9080

Dollar-Swiss rose well for the week as the Dollar-Strengthened after trading in the 0.9180-0.9080 range for a while. On the rise it has faced resistance near 0.9300 which is its trend line resistance on the daily charts. It is now taking Support near 0.9200 and is bouncing back. Having said this there are chances to see a rise to 0.9340-50 levels this week which should cap the upside The bigger trend remains bearish which is expected to continue now, Dollar is likely to weaken going forward. Having said this, we can expect a fall to 0.9100 again from 0.9350 levels.
 

GBP-USD @ 1.6042/45...Near important supports
Cable which was looking bullish from the past few weeks gained in the first half of the week but then could not sustain its rise/gain and dipped. It has been unsuccessful in closing above 1.6200 on a weekly basis from the past few weeks; it closed lower by 85 pips for the week. It has bounced from the 1.6020 support on the daily charts on Friday but that does not rule out the possibility of a further dip to 1.5975-35 levels which are its significant support on the daily and the weekly charts. If this dip is seen then it would be a buying opportunity with a stop below 1.5900. The bigger trend still looks strong for the pair as the Dollar looks set to weaken in the coming days/weeks. We can see the Cable rising towards 1.6200-300 after this current dip takes support near mentioned support levels. The chances of a rise from current levels also cannot be rule out. Hence we will have to wait and watch for the pair to turn around.

Limit Buy Order
Buy GBP 10K at 1.5930, SL 1.5870, TP 1.6100


 
 AUD-USD @ 1.0481/84...Ranged
R: 1.0530 / 1.0585-620
S: 1.0400 / 1.0350 / 1.0280 / 1.0150

Aussie after trading in the tight 1.0400-350 range broke out on the upside to rise towards its important resistance of 1.0550 on the daily charts, only to retreat back. It now seems to be trading in the 1.0530-350 range in the near term. Going forwards the forecast remains mixed and we are not sure as in which direction the breakout will happen. A break of 1.0530 on the upside will push it up towards 1.0620 and a break of the range on the down side will push it lower towards 1.0280 and 1.0150. Dollar index can weaken going forward which can push Aussie up but it would be premature guess on the direction of the break.

Happy Trading!