EURO, JAP YEN and EURO-YEN
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Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 0.9175/78...Trading above 0.9150
R: 0.9184-90 / 0.9230
S: 0.9150-35-20-10 / 0.9084
Dollar-Swiss has risen past 0.9150. It may now rise to 0.9200 and 0.9230. If it manages to remain above 0.9200-9150 thereafter the trend could change and there could be chances of a further rise towards 0.9400 later in the month.
GBP-USD @ 1.5770/75...Testing Support
R: 1.5805-10 / 1.5830-40
S: 1.5781-63 / 1.5728-18
The Pound has fallen a decent bit today to test the 200-MA on the 4-hour chart (1.5772). Whether this will hold/ break will set the trend for the rest of the month. While the Support holds, there can be chances of a bounce towards 1.5840 or even 1.5900. In case the Support breaks, a further decline towards 1.5700 will be seen.
Holding:
GBP 10K Long at 1.5800, SL 1.5745, TP 1.5950.
AUD-USD @ 1.0592/95...Watch Suppor at 1.0575
R: 1.0635-60 / 1.0687
S: 1.0575 / 1.0525 / 1.0474
The Aussie is trading just below 1.0600. A low of 1.0573 has been seen so far today. In the morning we had kept 1.0600-0575 as the Support region to be watched. In case of clear break below 1.0575, the Aussie could fall towards 1.0500-0400.
Happy Trading!
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Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
-------------------------------------------------------------
USD-CHF @ 0.9175/78...Trading above 0.9150
R: 0.9184-90 / 0.9230
S: 0.9150-35-20-10 / 0.9084
Dollar-Swiss has risen past 0.9150. It may now rise to 0.9200 and 0.9230. If it manages to remain above 0.9200-9150 thereafter the trend could change and there could be chances of a further rise towards 0.9400 later in the month.
GBP-USD @ 1.5770/75...Testing Support
R: 1.5805-10 / 1.5830-40
S: 1.5781-63 / 1.5728-18
The Pound has fallen a decent bit today to test the 200-MA on the 4-hour chart (1.5772). Whether this will hold/ break will set the trend for the rest of the month. While the Support holds, there can be chances of a bounce towards 1.5840 or even 1.5900. In case the Support breaks, a further decline towards 1.5700 will be seen.
Holding:
GBP 10K Long at 1.5800, SL 1.5745, TP 1.5950.
AUD-USD @ 1.0592/95...Watch Suppor at 1.0575
R: 1.0635-60 / 1.0687
S: 1.0575 / 1.0525 / 1.0474
The Aussie is trading just below 1.0600. A low of 1.0573 has been seen so far today. In the morning we had kept 1.0600-0575 as the Support region to be watched. In case of clear break below 1.0575, the Aussie could fall towards 1.0500-0400.
Happy Trading!
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