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USD-CHF @ 1.1477/80...Looking bullish
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R: 1.1470-95 / 1.1515-40 / 1.1580
S: 1.1441 / 1.1400-1390 / 1.1376-58 / 1.1316
Dollar-Swiss has continued to rise during the day and now trades above 1.1450. As such there are good chances of a further rise towards 1.1526 (projected Max High for the Day), which may later extend towards 1.1580
It is imporant to remember that the 200-day MA (1.1294 currently) has been providing good Support over the last month or so. If this Support continues to hold over the coming days, and the market manages to rise past 1.1580, then stronger gains towards 1.19 might unfold.
GBP-USD @ 1.4933/36...Bullish?
R: 1.5031-38 / 1.5063
S: 1.4900 / 1.4843
There has been a strong rise in the Pound during the day. It rose to near 1.5038, just a little above 1.5031, our projected Max High for the Day. But it has dropped back a bit from there. The rise in the Pound is in contrast with the fall in the Euro during the day. For now, therefore, the Pound remains in an uptrend and a a Day Close above 1.50, if seen, may take the currency up towards 1.53.
AUD-USD @ 0.7193/97...Sell some
R: 0.7210 / 0.7250
S: 0.7150 / 0.7103
The Aussie rallied to nearly 0.7250 during the day, but has fallen back sharply. This suggests good supply coming in on rallies. Remember that the 200-day MA (currently at 0.7339) had provided a good Resistance on Monday, causing a sell-off. While the market remains below 0.7250 now, we might see a fall towards 0.7103 (projected Max Low for the Day) and 0.7060 over today-tomorrow.
Market Trade (at time of writing):
Sell AUD 10K at current level, SL 0.7260, TP 0.7080
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