|USD-CHF @ 0.9276/79...Ranged|
R: 0.9300 / 0.9350 / 0.9410
The pair continues to trade in the 0.9300-240 range with absolutely no momentum. The pair is in a down trend but a break above 0.9300 can take it to 0.9350 which should be a cap on the upside, any further move might add strength and can open the upside for a test of 0.9460 but which seems extremely unlikely given that it is bearish. On the down side if it breaks 0.9239 it can again start its journey south towards 0.9120 which seems quite likely, we can expect the momentum to pick up once the support is broken.
Limit Sell Order
|GBP-USD @ 1.6246/49...Ranged|
R: 1.6275 / 1.6300 / 1.6420
The pair for the whole day has continued to trade in the 1.6275-6200 range, with its bigger trend bullish. The run up for the pair has been very good and it has seen a steep rise which does suggest that some profit booking can take place. It is difficult to predict the direction of the break out but the bigger trend is bullish and hence unless it does not break 1.6200 we can consider that it is safe and can rise further.
|AUD-USD @ 1.0419/22...Bearish but a rise to 1.0450 is possible|
R: 1.0430 / 1.0480 / 1.0535 / 1.0600
The pair as expected has weakened and broke below its support of 1.0450 and has moved lower, it has been falling from 1.0600 and a bounce to 1.0450 will not be a surprise and will be a good opportunity to enter another short position in the pair. On the down side it can move towards 1.0390-70 and on the break of that a further dip to 1.0320 is also possible.
Limit Sell Order
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