U.S Dollar strengthens on the event of profit booking in most of the equity bourses across the world. Correction was seen yesterday in EURUSD, GBPUSD and AUDUSD. The Japanese Yen has strengthened after hitting historic resistance zone of 85.50 on April 06, 2011.
The Dollar Index (DX) unable to trade beyond the key resistance of 76.60 remained weak and fell sharply on breaking of key support at 77.50; currently it is trading at 75.37 ranges.
The Dow is trading at historic resistance zone of 12400 ranges. NYMEX Crude May basis corrected sharply to $110 ranges after making a high of $113.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4340 1.4370 1.4470 1.4550
USDJPY 83.00 83.50 84.60 85.00
GBPUSD 1.6190 1.6260 1.6330 1.6360
USDCHF 0.8955 0.9004 0.9120 0.9160
EURJPY 119.20 119.80 122.00 122.40
AUDUSD 1.0250 1.0330 1.0477 1.0565
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