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 by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 0.9110/13...Mixed and ranged
R: 0.9140-50 / 0.9200
S: 0.9100-9080 / 0.9020-00
Dollar-Swiss fell sharply during the day to a low of 0.9067 and has bounced back above .9100 once again. The immediate outlook is mixed. Our view remains the same. We expect the pair to remain ranged between 0.9100-9080 on the downside and 0.9200-25 on the upside. A breakout this range would determine the further direction of move.
GBP-USD @ 1.5832/35...Resistance at 1.5900 holding well
R: 1.5900 / 1.6000
S: 1.5800 / 1.5750 / 1.5700
Cable failed once again to see a strong rise past 1.5900 and has come off from its high of 1.5909 during the day. Our view remains the same. We expect the pair to remain pressured on the downside. Also failure to see a strong rise past 1.5900 all through this week leaves a threat of seeing 1.5700-5600 on the downside in the coming sessions/days.
AUD-USD @ 1.0388/91...Overall picture still weak
R: 1.0400 / 1.0450 / 1.0500
S: 1.0350 / 1.0320-00
Aussie saw a high of 1.0450 during the day and has come off from there once again. Failure to extend and sustain the upmove strongly above 1.0400 leaves the overall picture weak and leaves high chances of seeing 1.0330-00 once again on the downside. As mentioned in the morning, the downside is even open for a test of 1.0200 on the monthly charts.
Happy Trading!
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
-------------------------------------------------------------
USD-CHF @ 0.9110/13...Mixed and ranged
R: 0.9140-50 / 0.9200
S: 0.9100-9080 / 0.9020-00
Dollar-Swiss fell sharply during the day to a low of 0.9067 and has bounced back above .9100 once again. The immediate outlook is mixed. Our view remains the same. We expect the pair to remain ranged between 0.9100-9080 on the downside and 0.9200-25 on the upside. A breakout this range would determine the further direction of move.
GBP-USD @ 1.5832/35...Resistance at 1.5900 holding well
R: 1.5900 / 1.6000
S: 1.5800 / 1.5750 / 1.5700
Cable failed once again to see a strong rise past 1.5900 and has come off from its high of 1.5909 during the day. Our view remains the same. We expect the pair to remain pressured on the downside. Also failure to see a strong rise past 1.5900 all through this week leaves a threat of seeing 1.5700-5600 on the downside in the coming sessions/days.
AUD-USD @ 1.0388/91...Overall picture still weak
R: 1.0400 / 1.0450 / 1.0500
S: 1.0350 / 1.0320-00
Aussie saw a high of 1.0450 during the day and has come off from there once again. Failure to extend and sustain the upmove strongly above 1.0400 leaves the overall picture weak and leaves high chances of seeing 1.0330-00 once again on the downside. As mentioned in the morning, the downside is even open for a test of 1.0200 on the monthly charts.
Happy Trading!
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