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Greenback shows a temporary consolidation.
Asian and European trading sessions:
US Dollar: US Dollar strengthened after the official announcement of the liquidation of the terrorist #1 Usama Ben Laden. Market participants were optimistic during the Asian trading session.
Euro: Strengthening of the US dollar on Monday lead to the decrease of the EUR/USD pair to the $1,4800 level.
British Pound: The GBP/USD decreased to the $1,6800 mark during the morning trading as well.
Japanese Yen: The US dollar strengthening lead to the increase of the USD/JPY pair to the Y81,50 level.
Australian Dollar: The Australian dollar rate dropped today in anticipation of the Reserve Bank of Australia meeting, where the principal rate should be left unchanged.
Oil: Oil decreased and traded at the level of $112.70 per barrel. Minimums were reached at the level of $110.55 per barrel.
Gold: Gold decreased as well to the level of $1,550.70 per ounce.
American trading session:
Japanese Yen: On Tuesday the financial markets in Japan will be closed due to the celebration of the Constitution Day.
US Dollar: The publication of the US ISM manufacturing index for April influenced the decrease of the American dollar during the American trading session. The index turned out to be at the level of 60.4 against the 61.2 level for the previous month. Forecasts and concerns over the possibility that the FRS would continue keeping the principal rates at the minimal positions reinforced.
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Technical analysis for 3/05
EURUSD
If the pair stays below 1.48550 the pair will decline to 1.47342.
Resistance: 1.48550, 1.49592, 1.50630
Support: 1.47342, 1.46222, 1.44400
GBPUSD
The pair has reached resistance level at 1.67165and may roll back to 1.65706.
Resistance: 1.67165, 1.68756, 1.70802
Support: 1.65706, 1.64636, 1.63316
USDCHF
The pair has broken 0.87214 and may decline to 0.85939.
Resistance: 0.87214, 0.88418, 0.89635
Support: 0.85939, 1.84685, 0.83541
USDJPY
The pair has reached 81.399. If this level is broken the pair will decline to 80.438.
Resistance: 82.219, 83.065, 83.933
Support: 81.399, 80.438, 79.707
AUDUSD
The pair has reached 1.09112, if this level is broken the pair will decline to 1.08412.
Resistance: 1.09112, 1.09782, 1.10409
Support: 1.08412, 1.07739, 1.06164
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