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
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.