Historic correlation between DX Vs DJIA suggests the short-term and medium-term trend being sideways where as the long-term trend is still dollar bearish till the Dollar Index is not closing above 84.50 on monthly basis.
On the event of the US Dollar appreciating, NYMEX Crude again slipped of $97.00+ ranges. Only daily close above $98.40 would open door towards $102.00.
USDJPY Sideways 78.80 78.50 78.10 77.90
GBPUSD Sideways – 1.5920 1.5840 1.5780
USDCHF Sideways-Up 0.9650 0.9610 0.9550 0.9500
EURJPY Sideways 99.20 98.70 97.80 97.50
AUDUSD Sideways 1.0310 1.0240 1.0180 1.0130
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