EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to other constituents of the Dollar Index. USDCHF may find support again in 0.9300-0.9350. Only decisive close below 0.9300 will invite weakness in USDCHF. Dow Jones settled at days high at 12391.25, the most since June 2008.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3620 1.3644 1.3826 1.3948
GBPUSD 1.6070 1.6175 1.6300 1.6365
USDCHF 0.9300 0.9390 0.9522 0.9580
USDJPY 82.59 82.96 83.42 84.02
EURJPY 112.74 113.46 114.20 114.95
AUDUSD 1.0048 1.0074 1.0213 –
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