Tuesday, October 16, 2012

Market outllook


GBP/USDhit 1.6022 during U.S. morning trade, the daily low, the pair subsequently consolidated at 1.6053, edging down 0.14%.
Cable was likely to find support at 1.5983, Thursday’s low and resistance at 1.6141, the high of October 8.

EUR/USD pulled back from 1.2979, the session high, to hit 1.2938 during U.S. morning trade, slipping 0.11%.
The pair was likely to find support at 1.2824, Thursday’s low and resistance at 1.2990, Friday’s high.

USD/CHF hit 0.9372 during European late morning trade, the daily high; the pair subsequently consolidated at 0.9333, easing up 0.01%.
The pair was likely to find support at 0.9307, the low of October 12 and resistance at 0.9384, the high of October 4.


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