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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 @ 1.2675/80…..Buy a dip or sell a rally
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R: 1.2695 / 1.2720 / 1.2745
S: 1.2640 / 1.2607
$-Swiss traded in a narrow range near 1.2650-80 during the day. On the downside it continues to be Supported at 1.2640, which is coming in on the trendline on the 4-Hourly, joining the lows of 1.2291 (25-Sep) and 1.2405 (02-Oct). If that is broken then there may be a fall towards 1.2607, which is the statistically projected Max Low for the day. On the upside the Resistances are coming in at 1.2695 and then at 1.2720. A move above these may trigger a rally towards 1.2745, which is the statistically projected Max High for the day.
Look to sell near 1.2725, with Stop above 1.2770, or just below 1.2640. Else, look to buy near 1.2600 with Stop near 1.2550.

Cable @ 1.8714/19……Holding Long
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R: 1.8740 / 1.8779 / 1.8809
S: 1.8690-88 /
The Cable fell a bit during the day to low of 1.8693 and with that our buy order has got executed. Now for today 1.8740 would be an important Resistance and a move above that may lead to a rally towards 1.8779, which is the statistically projected Max High for the day. On the downside good Support is coming in at 1.8690-88 and a break of which may trigger a fall towards 1.8664 or 1.8622, which is the statistically projected Max Low for the day. We are holding a long position.

Holding:
Long GBP 15K at 1.8710, SL 1.8680, TP 1.8770. As soon as the market trades 1.8740, bring SL up to 1.8700.



Aussie @ 0.7539/43…….Ranged within 0.7570 and 0.7520
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R: 0.7554 / 0.7574
S: 0.7521 / 0.7500 / 0.7490-77
The Aussie tested a high of 0.7553 during the day as it continues within its narrow range of 0.7554 and 0.7521. Incase of a break above 0.7554, we may see a rally towards 0.7574, which is the statistically projected Max High for the day. On the downside downside the Supports are coming in at 0.7521 and then at 0.7500. The statistically projected Max Low on the daily is at 0.7490, while the 200-MA on the daily is at 0.7477. This indicates big Support for the pair between 0.7500 and 0.7480.

Overall, the Aussie could trade sideways in a wide range of 0.7415-7590 for the next few days



Happy Trading!