U.S Dollar strengthened smartly after finding support at 75.50 (Dollar Index-DX) during the last week. The Japanese Yen stabilized against the Greenback and the Common Currency during last week, resulting in the USD appreciating across the board except against the Aussie Dollar.
Historic correlation between the Dow Jones Industrials (DJIA) and the Dollar Index (DX) was not observed during last week, though there are signs of DJIA yielding at the higher ranges of 12300 which happens to be the historic congestion zone.
NYMEX crude is trading firm at $105 ranges, but unable to get past $106 during last couple of trading sessions.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3970 1.4000 1.4116 1.4150
USDJPY 80.60 81.20 82.20 83.60
GBPUSD 1.5895 1.5960 1.6110 1.6160
USDCHF 0.9123 0.9195 0.9300 0.9340
EURJPY 113.45 114.15 116.31 116.64
AUDUSD 1.0080 1.0190 1.0320 –
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