Dow Jones posted new high of 12303.08, while continuing its choppy session this week, before settling at 12287.72. Dow Jones correlation is suggesting sideways trend to continue with undertone still remaining weak for the USD, though we are expecting USD to strengthen on DJIA falling decisively below 12150 mark. Common currency is supported at 1.3450 though needs to trade above 1.3640 for resuming bull trend. Aussie Dollar, which is well supported above 0.9940, could show further strength. Crude continued its sideways move in $83.80-$86.00 for second consecutive day.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3459 1.3530 1.3639 1.3664
GBPUSD 1.5960 1.6070 1.6180 1.6240
USDCHF 0.9465 0.9536 0.9653 0.9753
USDJPY 82.97 83.49 83.95 84.50
EURJPY 112.60 113.07 113.87 114.95
AUDUSD 0.9950 1.0014 1.0075 1.0171
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