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Friday, February 3, 2012

FX thoughts for the day: 2 February 2012-1234 GMT




EURO-YEN, EURO and YEN JAP
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Our comments to Swiss dollars, pounds sterling and the Australian dollar are given below.
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USD-CHF @ 0.9195/98...Resistance region 0.9225-50
R: 0.9225-50 / 0.9300 / 0.9350
S: 0.9150 / 0.9050 / 0.9000

Rise against our expectations dollar-Swiss strongly in the course of the day. It is now trading about 0.9200. Resistance 0.9225 50 region, is considered the top verschiebenNach further to 0.9300 50 to extend must be broken. As we where for some time, a strong rise over at 0.9350 wipe the drawback of pressure must be seen. Until then, the downside for a test of the 0.9100-9050-9000 is still open.

GBP-USD @ 1.5823/26...Bullish
R: 1.5880 / 1.5948 / 1, 6000-30
S: 1, 5800-5770/1.5720-00

Although cable has come way from its high of 1.5882, we watch not much force in his move back. This retains strength upside risks. The bullish view for a test of 200-DMA (1.5948) is preserved and as mentioned in our morning comments, the head is open for a test of 1 6000-30. We see good support at 1, 5800-5770 region.


AUD-USD @ 1.0693/96...Buy dips
R: 1.0735-50
S: 1.0650-30 / 1.0600 / 1.0570-50

The opposition holds well 1.0735-50 region and Aussie has plunged nearly 1,0700. This pull back can move further on 1.0650 30 if not bounce back above 1,0700 in the US session today expanding. Strong support is now 1.0600 570 region through this support region there no immediate danger on the other hand is seen. He said that this dives to 1.0600-570, if seen can be purchased.
Happy trading!

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