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 the Aussie Dollar remained strong for most of the trading session; the Cable has stabilized at the lower ranges of 1.6000 ranges. The U.S Dollar is trading firm against the Japanese Yen beyond 82.00 after witnessing huge volatility during mid March, 2011.
The Dow (DJIA) is trading firm though it may face resistance at historic resistance zone of 12300-12400. NYMEX Crude, May basis is trading neutral at $104.50 ranges after finding support at $102.70 ranges
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4018 1.4050 1.4173 1.4247
USDJPY 81.80 82.20 83.65 84.40
GBPUSD 1.5895 1.5960 1.6073 1.6110
USDCHF 0.9150 0.9180 0.9230 0.9300
EURJPY 114.70 115.80 117.00 117.46
AUDUSD 1.0210 1.0260 1.0374 –
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