With most of the asset classes especially equity bourses and commodities, finding stability in the lower ranges, the Dollar Index expected to find resistance at 76.10; only 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 though the long-term trend in the Greenback is still bearish.
NYMEX Crude June basis after finding support at $95.00 ranges, is again at $99.34; weekly close above $104.50 the trend may become sideways.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4100 1.4170 1.4310 1.4360
USDJPY 80.00 80.50 81.50 82.00
GBPUSD 1.6190 1.6230 1.6330 1.6400
USDCHF 0.8700 0.8770 0.8890 0.8990
EURJPY 114.00 114.40 115.60 116.50
AUDUSD 1.0496 1.0573 1.0737 1.0800
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