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[kshitij]

EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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$-Swiss @ 1.1922/27…..Ranged
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R: 1.1966 / 1.1990 / 1.2010
S: 1.1933 / 1.1900 / 1.1876
$-Swiss has been very flat during the day consolidating near 1.1966-33. A break of this small range would give the pair fresh intraday direction. On the upside if 1.1966 is crossed then there may be a rally towards 1.1990. The statistically projected Max High for the day is at 1.2010. If that is crossed, then there may be a rally towards 1.2050 over today or tomorrow. On the downside the Support is coming in at 1.1933 and a break below that may trigger a fall towards 1.1900. The statistically projected Max Low for the day is at 1.1876. The bias for the day remains neutral but a rally towards 1.2000 should be used to enter short with a stop above 1.2060 as a 2-3 day trade.


Cable @ 1.9755/60….Buy a dip
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R: 1.9790 / 1.9815 / 1.9849-56
S: 1.9736 / 1.9700-9695 / 1.9634
The Cable hit a low of 1.9734 during the day and with that it tested an important Support on the trendline on the 4-Hourly, joining the lows of 1.8972 (21-Nov), 1.9148 (24-Nov) and 1.9434 (29-Nov). Now if that breaks there may be a fall towards 1.9700-9695, the statistically projected Max Low for the day. A break below that (unlikely) may lead to a fall towards 1.9634 over today or tomorrow. On the upside the Resistances are coming in at 1.9790 and then at 1.9815. The statistically projected Max High for the day is at 1.9856. The bias for the day is positive and we would like to enter a sharp dip.

Order:
Buy GBP 15K at 1.9670 (down from 1.9690), SL 1.9630, TP 1.9740 (down from 1.9770)



Aussie @ 0.7868/72…… Support at 0.7850
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R: 0.7900 / 0.7913-27
S: 0.7850-43 / 0.7820
The Aussie has been ranged within 0.7910 and 0.7850 during the week so far and it is possible that pair would consolidate for some more time, after the sharp rally seen from 0.7616 on 13-Nov. For today the important Support to watch out for is at 0.7843, which was the Apr-05 high for the pair. If that is broken (unexpected) then there may be a fall towards 0.7820. Note that the statistically projected Max Low for the day is at 0.7850. On the upside the Resistances are at 0.7900 and then at 0.7927 (High on 01-Dec). Note that the statistically projected Max High for the day is at 0.7912. The bias for the day is positive and a dip to 0.7850-40 should be used to enter long with stop below 0.7820.



Happy Trading!