The U.S Dollar depreciated across the board. The Aussie Dollar and the Euro out performed compared to other FX majors against the Greenback.
The Dollar Index (DX) unable to trade beyond the key resistance of 76.60 ranges, remained weak and fell sharply on breaking of key support at 77.50.
The Dow is trading at historic resistance zone of 12400 ranges. Historic correlation between the Dow Jones (DJIA) and DX suggests range weaker trend to continue in DX. NYMEX Crude, May basis is trading firm above $112.30, after breaking above $109.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4280 1.4360 1.4550 1.4620
USDJPY 83.50 84.00 85.20 85.90
GBPUSD 1.6280 1.6332 1.6430 1.6440
USDCHF 0.8955 0.9040 0.9130 0.9160
EURJPY 121.40 122.00 123.40 124.90
AUDUSD 1.0430 1.0470 1.0600 1.0655
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