Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed against the other majors wherein short covering was witnessed in the Common Currency and the Aussie Dollar remained strong for most of the trading session, before it was succumbed to profit taking; the Cable was weakest of the major pairs, it fell for the fourth successive day loosing more than 60 pips by the end of U.S trade.
The Dow (DJIA) is trading firm though it may face resistance at historic resistance zone of 12300. NYMEX Crude, May basis is expected to find major resistance at $106 ranges.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4018 1.4074 1.4116 1.4173
USDJPY 81.20 81.50 82.20 83.50
GBPUSD 1.5895 1.5960 1.6078 1.6145
USDCHF 0.9123 0.9134 0.9175 0.9230
EURJPY 114.15 114.70 116.00 116.84
AUDUSD 1.0180 1.0216 1.0320 –
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