Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond 76.20 ranges would give confirmation of short-term bottoming out.
The Dow Jones Industrials (DJIA) is trading range bound between 12900 and 12500 ranges with weaker bias; the historic correlation between DJIA/DX suggests stronger dollar for couple of days.
NYMEX Crude June basis finding support at $95.00 ranges rose to $103.40 and currently trading weaker at $100.20.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4150 1.4234 1.4465 1.4580
USDJPY 79.50 80.00 81.00 82.00
GBPUSD 1.6190 1.6260 1.6430 1.6490
USDCHF 0.8660 0.8710 0.8795 0.8858
EURJPY 113.40 114.40 116.20 117.00
AUDUSD 1.0680 1.0735 1.0820 1.1000
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Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.