USD-CHF @ 1.1827/30...Attempted 1.19
R: 1.1856 / 1.1935 / 1.1991
S: 1.1750-27 / 1.1698 / 1.1656
Dollar-Swiss continues to be ranged. It did shoot up to 1.19 and has cooled off since then. Could be in for a flag like formation on the daily charts, the resolution of which would then be very bullish for the pair. The view continues to be the same that a dip could be contained near 1.1750 and a rise could be restricted to 1.1935 which gives a broad range of 1.1750-1.1935 over the next few days. Till the time Euro-Swiss continues to face Resistance at 1.55, the pair could continue to be ranged / consolidative.
To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
Cable GBP-USD @ 1.3981/85...Dipped during the day
R: 1.4105 / 1.4137 / 4.4241-60
S: 1.3940-37 / 1.3855
Cable has dipped during the day and is likely to find Support near 1.3950-35 region. But till the time it stays above the Support at 1.3937, we could see it rise towards 1.43. There's 200-MA Resistance at 1.4260 on the 4-hour charts which may be tested if the pair stays above the 8-day MA at 1.3935
Aussie AUD-USD @ 0.6582/86...Holding Long
R: 0.6600-40 / 0.6713 / 0.6850
S: 0.6569 / 0.6482-71
Aussie has been finding Resistance in the 0.6600-40 region and has not been able to rise past since US session yesterday. But there seems to be good chances for the pair to make an upmove with a potential to rise towards 0.6850 over the next few days. Till the pair trades above the Support at 0.6550, a rise towards 0.6700 immediately cannot be ruled out which makes us continue to remain Long.
Holding:
AUD 10K Long at 0.6608, SL 0.6535, TP 0.6700
R: 1.1856 / 1.1935 / 1.1991
S: 1.1750-27 / 1.1698 / 1.1656
Dollar-Swiss continues to be ranged. It did shoot up to 1.19 and has cooled off since then. Could be in for a flag like formation on the daily charts, the resolution of which would then be very bullish for the pair. The view continues to be the same that a dip could be contained near 1.1750 and a rise could be restricted to 1.1935 which gives a broad range of 1.1750-1.1935 over the next few days. Till the time Euro-Swiss continues to face Resistance at 1.55, the pair could continue to be ranged / consolidative.
To see the chart of Swiss, click on: http://www.kshitij.com/graphgallery/chfcandle.shtml#candle
Cable GBP-USD @ 1.3981/85...Dipped during the day
R: 1.4105 / 1.4137 / 4.4241-60
S: 1.3940-37 / 1.3855
Cable has dipped during the day and is likely to find Support near 1.3950-35 region. But till the time it stays above the Support at 1.3937, we could see it rise towards 1.43. There's 200-MA Resistance at 1.4260 on the 4-hour charts which may be tested if the pair stays above the 8-day MA at 1.3935
Aussie AUD-USD @ 0.6582/86...Holding Long
R: 0.6600-40 / 0.6713 / 0.6850
S: 0.6569 / 0.6482-71
Aussie has been finding Resistance in the 0.6600-40 region and has not been able to rise past since US session yesterday. But there seems to be good chances for the pair to make an upmove with a potential to rise towards 0.6850 over the next few days. Till the pair trades above the Support at 0.6550, a rise towards 0.6700 immediately cannot be ruled out which makes us continue to remain Long.
Holding:
AUD 10K Long at 0.6608, SL 0.6535, TP 0.6700
