Key equity index of Dow Jones Industrials (DJIA) has found support again in the ranges of 10500-10600 ranges posted smart recovery to currently trade at 11400+ ranges; 11500-11680 is expected to act as intermediate resistance. Historic correlation between DJIA Vs DX suggests short-term top being posted in the USD and short-term bottom being posted in the Dow.
NYMEX November Crude after testing support of $75.50 posted smart recovery to trade currently at $83.50; daily close above $80.20 suggests short-term bottom has been posted with immediate targets being $86.00 and $88.40.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3460 1.3540 1.3790 1.3875
USDJPY – 76.00 77.40 78.00
GBPUSD 1.5510 1.5580 1.5730 1.5820
USDCHF 0.8780 0.9000 0.9260 0.9330
EURJPY 103.00 103.75 105.40 106.30
AUDUSD 0.9810 0.9900 1.0050 1.0145
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