USD-CHF @ 1.1503/07... Resistance at 1.1550 ------------------------------------------ R: 1.1550 / 1.1625 / 1.17 S: 1.1450 / 1.1370-350 / 1.1300 / 1.1250-20 The pair nears the end of the week much lower from where it started. The week saw the pair slip lower to test 1.12 on the downside after the Resistance at 1.1750 stood strong.
For now it trades above 1.15 and could now rally further once again to test the Resistance at 1.17. However, for such a rally an important factor would be the immediate Resistance at 1.1550, which could play a spoilsport.
The pair is in an eventual uptrend and could rise towards 1.20 in the medium term.
GBP-USD @ 1.6260/64.... Resistance at 1.63 ------------------------------------------- R: 1.6300 / 1.6350 / 1.6400-50 S: 1.6200 / 1.6000 / 1.5900-5800 The pair has slipped after facing some Resistance at 1.65. It did find some Support at 1.61 which has delayed further slide. However, it is difficult to analyze if further slide would be seen before the day ends.
The US session could see some volatile trading provided the US economic data continue to disappoint. However, on the contrary even a neutral US economic data release is expected to attract some dollar buying. Resistance at 1.63 could lead to a slip and result in the Support at 1.61 breaking. If seen it should be bearish and could lead to some further selling getting triggered.
AUD-USD @ 0.6630/34... Support at 0.6550 ---------------------------------------- R: 0.6700 / 0.6750 / 0.6800-25 / 0.6900 S: 0.6650 / 0.6600 / 0.6550 / 0.6500 Some Support at 0.6550 has delayed the Aussie from slipping further. However, there is some strong Resistance at 0.6700-30 that should curb the rise from here in the pair.
A rise above 0.6730 if seen could see the pair rise towards 0.6975 thereafter. However, 0.6975 happens to be a major Resistance and this relief rally is not expected to last further beyond thereafter.
It is more likely that the pair could break below the Support at 0.6550 that could lead to a slide once again.
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