USD-CHF @ 1.1762/67.... Could remain ranged ----------------------------------------- R: 1.1800-25 / 1.1840-50 / 1.1950 S: 1.1725 / 1.1660 / 1.1600 / 1.1550 The Resistance near 1.1800-50 has resulted in a decline in the pair since morning and has brought the pair lower near 1.1725 as a result the range continues to hold.
The day ahead is likely to see some further consolidation between 1.1700-1800. A break below 1.1700 is not likely, however, if seen it could attract some selling to drive the pair lower towards 1.1600.
The US is closed today on account of Veteran’s day and the markets are likely to see less liquidity and lower volatility.
GBP-USD @ 1.5570/75... Downward bias --------------------------------------- R: 1.5650-60 / 1.5700 / 1.5800 / 1.5900 S: 1.5550-00 / 1.5400 / 1.5260 The pair dipped to an intraday low of 1.5525 and has recovered since then and currently trades at 1.5585.
The day ahead could see the Support at 1.55 being re-tested however, the Support is likely to hold. Overall the pair is likely to witness a consolidation between 1.55-1.60, with a downward bias. An upside faces strong Resistance by the 13-SMA on the daily chart.
AUD-USD @ 0.6681/85... Likely to test 0.66 ------------------------------------------ R: 0.6770-6800 / 0.6875-6900 / 0.6950 / 0.7000-25 S: 0.6650 / 0.6600 / 0.6540 / 0.6500 The pair has seen a relatively calm trading session today. However, the US session could see some Dollar appreciation that could pressure the pair lower towards 0.6640 and possibly even lower towards 0.66.
The pair trades within the boundaries of a wide range between 0.70-0.65 which is likely to hold this week.
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.
