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; the historic correlation between DJIA/DX suggests stronger dollar for couple of days.
NYMEX Crude June basis after finding support at $95.00 ranges, and again at $100.00 is trading firm at $104.00 ranges; weekly close above $104.50 else prices are expected to slip to $95 again.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4100 1.4170 1.4300 1.4360
USDJPY 80.00 80.50 81.50 82.00
GBPUSD 1.6190 1.6260 1.6400 1.6440
USDCHF 0.8700 0.8753 0.8890 0.8990
EURJPY 114.40 116.00 117.60 118.40
AUDUSD 1.0360 1.0470 1.0733 1.0800
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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.