EUR-USD @ 1.3240/44... Below the 200-week SMA --------------------------------------------
USD-CHF @ 1.1525/29... Could rise towards 1.16 --------------------------------------------- R: 1.1550 / 1.1600-20 / 1.1700 / 1.1750 S: 1.1500 / 1.1450 / 1.1375 / 1.1300 No big moves seen in the pair during the day. However, importantly it has gathered the momentum to rise from here towards the immediate Resistance at 1.16. The day has seen the pair trade within the tight trading range of 1.1500-1.1550.
From here the day ahead could see the pair rise towards 1.16, as long as 1.15 holds as a Support. However, on the contrary a break below 1.15 could lead to a slip in the pair towards the bigger Support at 1.14.
GBP-USD @ 1.6979/82... Could slip towards 1.6550 ---------------------------------------------- R: 1.7075-100 / 1.7200 / 1.7250-70 / 1.7300 S: 1.7000 / 1.6960 / 1.6900 / 1.6850-40 Resistance at 1.72 has resulted in a sharp dip during the day. The pair then saw a bounce back towards 1.71. Fresh selling there has once again resulted in a dip towards 1.7030 thereafter.
The day ahead now is expeted to see choppy trading and the pair could remain pressured to slip further towards 1.6842, the Max Low for the day and further lower this week owing to the market expectation for a negative GDP number, scheduled to release on Friday.
The pair could target 1.6550 in the medium term provided a close below 1.70 is seen today.
AUD-USD @ 0.6868/72... Could face Resistance at 0.69 -------------------------------------------------- R: 0.69 / 0.7000 / 0.7075 S: 0.6850 / 0.6800 / 0.6765 As mentioned in the report earlier in the day, the pair has dipped towards 0.6838 after the Support at 0.69 gave way. However a small bounce towards 0.69 has been seen then. ‘
It would be difficult to anticipate the movement in the day ahead from here on. Overall the pair could slip once again after facing Resistance at 0.6900-50. The target of a dip, if seen once again could be 0.6800-775.
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