|USD-CHF @ 0.9080/83...Weak|
R: 0.9160-80 / 0.9250 / 0.9300
Dollar-Swiss has dipped again from 0.9110 levels. The forecast continues to remain mixed as it trades in the 0.9400-0.9070 range. Still I was to take a side then I would say it looks bearish to break 0.9070. After which a further fall to wards 0.9000 and 0.8950 can be seen. It is advised to stay out of the markets till a clearer picture is seen. 0.9160 continues to be significant resistance on the upside which is expected to cap the pairs upside.
|GBP-USD @ 1.5719/22...Positive|
R: 1.5680-700 / 1.5780 / 1.5820 / 1.5940
Cable jumped sharply from 1.5680 levels towards 1.5770 as it held its consolidation on the short term charts near 1.5680 levels. The outlook remains positive for the pair and a further rise towards 1.5780 and 1.6000 is likely in the coming sessions. UK Trade balance came at -8.9Bln Pounds against the expected of 9.00 Bln Pounds. While it holds above 1.5630-00 (Decent support) we can see higher levels in the near term. BOE meeting is schedules for today and the expectations are that Central Bank will keep the Lending rates unchanged.
Limit Buy Order
|AUD-USD @ 1.0329/32...While above 1.0300 can rise to 1.0360-90 and then fall|
R: 1.0360-90 / 1.0460 / 1.0500 / 1.0580
Aussie continues to trade sideways just above its 1.0300-290 support. On the rise it could not move above 1.0340 level which is resistance on the short term charts. A move higher towards 1.0360-90 can still be seen after which it can see its decline. The bigger trend remains bearish and we expect the break of 1.0300-290 for a move towards 1.0150 but before that a short covering rally towards 1.0360-90 is likely.
Holding AUD 10K at 1.0327, SL 1.0283, TP 1.0378
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