U.S Dollar traded mixed wherein the Cable has corrected by more than 60 pips and the Swiss Franc has strengthened by about 100 pips; the Greenback has closed flat against the Common Currency and the Aussie Dollar.
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 75.13 ranges.
The Dow is trading at historic resistance zone of 12400 ranges and major support is seen at 12100 ranges. With the Dow nearing support zone, DJIA Vs DX correlation suggests further weakening of the U.S Dollar.
NYMEX Crude May basis continued correction sharply to after making a high of $113 currently it is trading at $106.60.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4400 1.4430 1.4510 1.4550
USDJPY 83.00 83.50 84.55 85.00
GBPUSD 1.6160 1.6200 1.6315 1.6330
USDCHF 0.8900 0.8930 0.9040 0.9080
EURJPY 119.20 119.80 122.00 122.40
AUDUSD 1.0280 1.0330 1.0490 1.0565
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