FX Thoughts for the Day
USD-CHF 1.0164/67...Ranged
R: 1.0200 / 1.0245-60 / 1.0291-300
S: 1.0129-00 / 1.0050 / 1.00
Dollar-Swiss has moved up in the European session today. The pair may not close below 1.0150 for this week and a slight bounce towards 1.0200 may be on the cards. However, going forward we see good chances of the pair moving down towards 1.0050, to test the Support, followed by an upmove in the coming weeks.
Limit Buy Order:
Buy USD 10K at 1.0065, SL 0.9975, TP Open
Buy USD 10K at 1.0045, SL 0.9975, TP Open
Buy USD 10K at 1.0015, SL 0.9975, TP Open
Cable GBP-USD @ 1.5405/08...Ranged with a bearish bias
R: 1.5463 / 1.5500 / 1.5590-600
S: 1.5348 / 1.5320-00
"We continue to hold our morning view on the pair."
Cable has been moving in a small range of 1.5350-450 and may move within the same region till the US session today. Later today, or in the coming days, we expect the pair to move down towards the Support at 1.5300 (honour it or test it on a weekly basis), followed by some upmove later in the next week.
Aussie AUD-USD 0.9104/07...Buy dips
R: 0.9113-30 / 0.9150-75 / 0.9210-0.9239
S: 0.9000-20 / 0.8900-890 / 0.8860-50
Aussie has moved up in the Asian and the European session today. We may see the pair touch the Resistance at 0.9150-200 followed by a dip later in the next week. Please note that a break above 0.9150-200, if seen, may take the pair towards a temporary peak of 0.9250-300 where it may be worth selling, followed by a dip in the coming days. |
