Kshitij Consultancy Service Team

USD-CHF @ 1.0930/35...Support near 1.0850
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R: 1.0960 / 1.0999
S: 1.0850-40 / 1.0820
USD-CHF has had a small bounce during the day so far after a dip to 1.0883 earlier. It is now near the middle of its trading range of 1.0850 – 1.1050, which is likely to hold this week. We expect buyers to emerge on dips towards 1.0850-40, which comes on a trendline on the Daily Charts joining the lows of 1.0887 (23-Nov) and 1.0838 (16-Jan). Below 1.0850-40, the Support would come in at 1.0820, the statistically projected Max Low for the day. Immediate Resistance is at 1.0960 and then at 1.0999 is the statistically projected Max High for the day.

GBP-USD @ 1.9921/25....Holding Long
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R: 1.9940 / 1.9992
S: 1.9880 / 1.9800
GBP-USD is moving up sharply and can test 2.0000 over the coming days. We are holding a long position.

Currently it is trading near the highest level of 2008 and the immediate Resistance is at 1.9940. Above this the statistically projected Max High for the day is at 1.9992. On the downside the Support is at 1.9880 and then at 1.9800.

Holding:
GBP 10K Long at 1.9866, SL 1.9820, TP Open. As soon as the market trades 1.9960 hereafter, bring SL up to 1.9870.

AUD-USD @ 0.8884/88...Resistance near 0.8940-50
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R: 0.8940-50 / 0.8984
S: 0.8950 / 0.8905-00 / 0.8774
AUD-USD is sustaining its gains after the sharp rally yesterday. However it is still within its overall range 0.8900 and 0.8609. Further, above 0.8900, there is a strong Resistance near 0.8940-50, on the Daily Candles joining the highs of 0.9403 (07-Nov) and 0.9023 (15-Jan). The statistically projected Max High for the day is at 0.8984. There could be a rally towards 0.8940-50 later today.

On the downside the Support is at 0.8850, on the trendline on the 4-Hourly charts joining the lows of 0.8511 (22-Jan) and 0.8772 (28-Jan). Below this the Support is at 0.8805-00, near the 20-Day MA. The statistically projected Max Low for the day is at 0.8774.

AUD-JPY @ 95.02/06....Holding Long
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R: 95.44-50 / 96.10
S: 94.55 / 94.15 / 93.50
AUD-JPY is bullish currently, which is likely to continue later today as well. It has Support near 94.05, on a trendline on the 4-Hourly joining the lows of 90.45 (23-Jan) and 93.00 (28-Jan).

Holding:
AUD-JPY 10K Long at 94.75, SL 93.80 (up from 93.50), TP 95.90. As soon as the market trades at 95.40 now, bring SL up to 94.00.

Happy Trading!