Trading Ideas for USDCHF, GBPUSD and AUDUSD

Dollar-Swiss has risen sharply during the day from its low of 0.9667 and is now trading above 0.9700. We exited our Short position entered at 0.9745 at cost. However, the Resistance in 0.9750-70 region is continuing to hold and it has come off from its high of 0.9764. Our view remains the same. While below the 0.9750-70 Resistance region, the outlook remains bearish for a fall towards 0.9600 in the coming sessions. 0.9800-10 is the next significant Resistance region seen above 0.9770. Note 0.9800 is the 100-DMA and 0.9810 is the 21-Week-MA. As such any sharp upmove above 0.9810 is not looking likely as of now and the broader outlook continues to remain bearish.

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Cable is continuing to trade strong. It has bounced back from its low of 1.5717 very well during the day. A further rise towards 1.5820-50 is looking likely in the coming sessions. On the downside 1.5720-00 is the immedaite Support region and 1.5650 is the next significant Support level to watch for below 1.5700. An immediate break below 1.5650 is not looking likely in the coming sessions. As such we would want to go long at the market

Market Trade (at the time of writing):
Buy GBP 10K at current level, SL 1.5645, TP 1.5830