Euro though settled marginally higher at 1.3903 against previous close of 1.3895 but under tone is likely to remain weak in near-term unless closes above 1.3990 on daily charts. Aussie Dollar, if close below 1.0027 on daily charts, could continue its sideways decline rally against the Greenback and test 0.9965 & then 0.9820. Dow Jones remained range bound in 11980-12285 range yesterday; either side breakout would establish further direction. Dollar Index(DX) vs Dow Jones(DJIA) correlation suggests DX may post short-term bottom if DJIA closes below 11800 mark.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3757 1.3855 1.3928 1.4064
GBPUSD 1.6020 1.6184 1.6219 1.6348
USDCHF 0.9200 0.9290 0.9395 0.9511
USDJPY 81.44 82.60 83.05 83.92
EURJPY 114.50 115.06 115.60 116.10
AUDUSD 0.9969 1.0028 1.0114 1.0210
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