Trading ideas on AUD/USD, GBP/USD and USD/CHF 01/31

Dollar-Swiss is holding well above its crucial 0.9100-0.9080 support region and the possibility of a bounce from current levels persists. We are slightly biased for this support to hold and hence we have also taken long positions in it. If 0.9100-0.9080 is held then we can see the 0.9080-400 range continuing for some more days. A break on the down side will push it lower towards 0.9000-0.8950.

Cable has continued to rise and currently seems to have taken some resistance near 1.5845 (23.6% Fibonacci on the daily charts of the current fall from 2nd November) which we had mentioned in the morning. An immediate dip towards 1.5750-00 cannot be ruled out but there are good chances that the bigger trend has reversed and a rise towards 1.6000 and 1.6050-100 can be seen. We would be looking to take long position on this current dip towards 1.5750.

Aussie found some support near 1.0385 levels (200 EMA on the daily charts) and has bounced back. It has some resistance near 1.0450 levels which needs to be crossed so as to extend its gains further towards 1.0500 inside the 1.0600-385 range. On the other hand a failure to break the 1.0450 level and retest of 1.0385 might result in the support breaking and losses extending towards 1.0350 and even to 1.0150. the chances of either of them happening seem 50-50 currently.

Holding
AUD 10K Long at 1.0407, SL 1.0369, TP 1.0490
As soon as the market trades 1.0430 bring the SL to 1.0407

Happy Trading!