USD-CHF @ 0.9261/64...Can turn down from 0.9260-300 region
R: 0.9260 / 0.9300 / 0.9340
S: 0.9180 / 0.9150 / 0.9100
Has rise a bit through the day as expected and can rise further in the 0.9260-300 region. We can see a fall in the pair from the region that we have mentioned as it is now approaching significant resistances on the daily charts. We would be looking to sell the pair on this current rise as the expectations are for a weaker Dollar in the coming days. On the down side 0.9180 is an important support that will decide if we see significant dip in the pair or a bounce is seen before a further dip.
Limit Sell Order
Sell USD 10K at 0.9272, SL 0.9345, TP 0.9160
GBP-USD @ 1.6033/36...Weak
R: 1.6100-20 / 1.6180 / 1.6200
S: 1.6040 / 1.5975-40
Has dipped marginally through the day and it stands at its support on the daily charts. The expectations are for a further dip to 1.6000-5940 in the coming days. Though Dollar can weaken against other currencies the cable charts are looking relatively weaker. Hence we remain cautious/negative on the pair. On the upside it has good resistance near 1.6130 and even near 1.6180 which is expected to hold any rise before this dip is seen. Keeping in mind that the Dollar-Index can dip from these levels there is a chance that Cable does not fall as sharply but underperforms the other currencies.
AUD-USD @ 1.0496/99...Ranged/Mixed
R: 1.0530 / 1.0550 / 1.0620
S: 1.0400 / 1.0350 /1.0280 /
The pair has dipped in the 1.0530-350 range as the tight ranged move continues with no evidence of the direction of the break. It is looking mixed and we would advice not to trade the currency. On the upside break it has further resistance near 1.0580-620. and on the down side it can see a dip to 1.0280 and 1.0150 levels.