The U.S Dollar depreciated across the board on March 30, 2011 due to weaker than expected economic data. Dollar Index (DX) is trading at the key resistance of 76.60 ranges; only daily close above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50 with weaker bias. 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 1.4040 1.4110 1.4173 1.4270
USDJPY 81.80 82.25 83.60 84.40
GBPUSD 1.6010 1.6040 1.6140 1.6200
USDCHF 0.9100 0.9140 0.9200 0.9270
EURJPY 115.60 116.00 117.50 118.00
AUDUSD 1.0250 1.0290 1.0350 –
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