|USD-CHF @ 0.9389/92...Flat to positive before FOMC|
|R: 0.9400-15 / 0.9460 / 0.9530
S: 0.9340 / 0.9530Overall the markets are trading flat before the FOMC. The pair found support at 0.9353 which is close to its trendline support in the daily charts at 0.9346 to bounce back and can extend its gains towards its 200 EMA on the daily charts at 0.9415 in the immediate term. And further to 0.9460. The pair has been negative from July end and has been sliding down, the bounce that we are expecting is likely to be short lived and can resume its down trend moving towards 0.9300.
|GBP-USD @ 1.6104/07...Mixed|
|R: 1.6160 / 1.6200
S: 1.6080 1.6000 / 1.5910The pair has moved sideways for the day in its 1.6125-1.6100 range but is in a uptrend on a broader term and should move towards 1.6170 which seems to be its target for the recent rally. The pair on the down side has good support at 1.6080 and 1.6000 which should limit the pair down side. It has shown good momentum and has risen well after giving shallow dips and no significant dip for an entry on the long side.
Limit Buy Order
|AUD-USD @ 1.0447/50...Mixed|
|R: 1.0480-500 / 1.0560 / 1.0590 /
S: 1.0430-00 / 1.0370 / 1.0300The pair faced resistance at its trend line on the four hour charts and has retreated to lower levels towards 1.0430 which is a Fibonacci support on the daily charts and for now is holding well. If it breaks this level then the test of 1.0600 will be very unlikely and it can again give a dip towards 1.0370 and 1.0300 levels then. We are not sure if this support will hold or not but if a rise to 1.0600 has to be seen then it should bounce from here it self.
Limit Sell Order
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