The US Dollar remained soft the Common Currency though profit booking was seen in EURSUD in at recent highs of 1.4230 ranges; the Cable slipped off yesterday highs hit during the European trade to stabilize in the ranges of 1.6020. 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 firm at $107 ranges after finding support at $102.70 ranges, nearing previous resistance zone of $108.00
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4040 1.4110 1.4230 1.4300
USDJPY 82.50 83.00 84.00 84.40
GBPUSD 1.6010 1.6020 1.6130 1.6200
USDCHF 0.9100 0.9140 0.9230 0.9270
EURJPY 116.50 117.20 118.70 119.60
AUDUSD 1.0250 1.0290 1.0350 113.70
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