Swiss dollars, pounds sterling and the Australian dollar are given below.
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USD-CHF @ 0.9105/08...Resistance 0.9115-35 region.
R: 0.9115-35 / 0.9180-200
S: 0.9080/0.9020-00
Dollar-Swiss gets support in the vicinity of 0.9080 and has now risen now just above 0.9100. However, as mentioned in our morning comments, there is resistance 0.9115-35 region. We expect that this resistance to keep region and a train back to see again. A strong break under 0.9080 would fall further cause to 0.9020-00. On the other hand, if a break up is 0.9135 which may then increase pair 0.9180-200. We have to wait and see.
Holding:
$ 10 K shortly at 0.9121, SL 0.9135, TP 0.9020
Bring, as soon as the market is 0.9070 0.9110 trail SL after and as fast as the market 0.9055 to is TSL further on 0.9105
$ 10 K short in 0.9150, TSL 0.9125, TP 0.9020.
Bring TSL as soon as the market is 0.9070 Brig TSL on 0.9110 and as fast as the market 0.9055 to is further up 0.9090
GBP-USD @ 1.5855/58...Outlook still not clear. Stay way
R: 1.5900 / 1.6000
1.5820-00/1.5750 S:
Data show an unexpected increase in public borrowing and two show the BOE Protocol of meeting Member States vote for more, quantitative easing triggered a sharp fall in the cable during the day. Our view remains the same. The Outlook is unclear and keeps the couple between 1, 5800-900. We have to wait to get clear idea about the further direction of the movement 5800-900 sideways area until an outbreak of this 1. After this said we prefer continue to stay out of the market.
AUD-USD @ 1.0468/71...Can test 1.0400
R: 1.0500-20 / 1.0550 / 1.0600
S: 1.0400-390 / 1.0350 / 1.0300
Aussie has fallen as expected further and is in our view test 1.0400 on the other hand hold. What happens after the test of the 1.0400 are important are observed. The further direction of motion determine whether 1.0400 stops or breaks. We have to wait and see what happens.
Happy trading!
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