US Dollar appreciated across the board on the event for profit taking in key index of Dow Jones Industrials (DJIA). Dollar Index (DX), March basis has hit critical resistance at 77.35 on NYBOT on March 10, 2011. DJIA vs DX correlation suggests further strengthening of the Greenback, though 11800 mark in case the key index and 77.80 in case of the Dollar Index have to be breached simultaneously to stimulate further strengthening of the Greenback. In spite of unrest in the middle east, Crude slipped more than a couple of dollars during intraday on NYMEX with May basis settling $1.5 lower at $103.92.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3712 1.3762 1.3860 1.3913
GBPUSD 1.5963 1.6017 1.6127 1.6177
USDCHF 0.9242 0.9290 0.9376 –
USDJPY 81.44 82.60 83.05 83.92
EURJPY 113.71 114.06 114.74 114.87
AUDUSD 0.9969 0.9954 1.0069 1.0095
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