Kshitij Consultancy Service

USD-CHF @ 0.9942/47....Support at 0.9860-50
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R: 0.9960 / 1.0000 / 1.0050
S: 0.9897-90 / 0.9860-50
USD-CHF has been very choppy in the last few days, and now there is a consolidation underway. The market may trade within 1.0157 and 0.9800 in the next few days. The day-to-day moves are likely to be very volatile and choppy.

The pair fell sharply during the day to a low of 0.9869, but has seen a bounce back from there. For today, later on the Support would come in at 0.9897-90, near the statistically projected Max Low for the day. Below that the Support is at 0.9860-50. On the upside the Resistance would come in at 0.9960. Above that the Resistance is at 1.0000 and 1.0050, on the trendline on the 4-Hourly joining the highs of 1.0921 (26-Feb) and 1.0355 (11-Mar). We don’t have any trades currently.

GBP-USD @ 1.9986/90....Stay out
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R: 2.0000 / 2.0060
S: 1.9945-40 / 1.9900
GBP-USD has had a sharp fall during the day and it has stopped us out at 1.9968, on the Long, which was entered at 2.0010. The pair is currently near an important Support of 1.9945-40, and a sustained break below that would be bearish. If that is seen, then a fall towards 1.9900 could follow, later today or tomorrow.

On the upside the Resistance is at 2.0000 and then at 2.0060. We are staying out of the pair.

AUD-USD @ 0.9320/24...Resistance near 0.9340
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R: 0.9370 / 0.9409
S: 0.9300 / 0.9260 / 0.9205
The AUD-USD could be a good bet for some Buy Low/ Sell High range trade between 0.9120-9473 for the next several days. It is currently in the middle of this range, so nothing should be done immediately, but trading at the extremes of the range could be profitable. See the chart at http://www.kshitij.com/graphgallery/audcandle.shtml

The pair has had a fall during the day so far, after the rally to a high of 0.9354. Currently the immediate Support is at 0.9280. Below that the Support is at 0.9232, the statistically projected Max Low for the day. On the upside the Resistance 0.9360 and then at 0.9409, the statistically projected Max High for the day. We don’t have any trades currently.

Happy Trading!