Kshitij Consultancy Service

USD-CHF @ 0.9978/82....Bearish Biased
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R: 1.0050 / 1.0090
S: 0.9950 / 0.9900
USD-CHF has been volatile during the week. It hit a low of 0.9888 before
rallying sharply to a high near 1.0093. It has again come off sharply today once again. The pair is currently choppy, ranged between 0.9915-1.0165. It is likely to stay pressured later today and in the first part of next week.

For today, the immediate Support would be in at 0.9950. Below that the Support would come in at 0.9900, on the trendline on the Daily Charts joining the lows of 0.9637 (17-Mar) and 0.9888 (10-Apr). On the upside the Resistance would come in at 1.0050 and then at 1.0090. The pair is likely to face selling on rallies.


GBP-USD @ 1.9727/32..…Support at 1.9650
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R: 1.9800 / 1.9850
S: 1.9700 / 1.9660-50
Despite the weakness in the pair this week so far, GBP-USD has been holding
above its important Support of 1.9650. A break below that would be required for a bigger fall to be seen. While the Support holds, the pair is likely to stay within its range of 2.0000 and 1.9650 for the remainder of today and early next week.

There has been little move in the pair today so far and it continues to trade above its Support of 1.9700. Below that the Support is at 1.9650, on the above-mentioned trendline. The statistically projected Max Low for the day is at 1.9600. On the upside the Resistance is at 1.9790, and then at 1.9840.

Our EUR-GBP Short has been exited at its breakeven of 0.8006, having missed the intended TP of 0.7960 by 7-10 pips earlier in the morning.

Limit Buy Order:
Buy GBP 10K at 1.9567, SL 1.9477, TP Open

AUD-USD @ 0.9293/97....Holding Short
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Holding:
Short AUD 10K 0.9286, SL 0.9323, TP 0.9228

Happy Trading!