Benchmark equity index of the Dow Jones Industrials (DJIA) is trending sideways with major support at 12200 and 12800; historic correlation between DX and DJIA suggests sideways trend in Dollar Index with bearish sentiment; only daily close above 76.50 (DXM11) would result in short-term bottom being posted.
NYMEX Crude June basis after finding support at $95.00 ranges, is again trading at $97.84; only weekly close above $104.50 would establish major rally else the trend the trend may become sideways between $104.50 and $95.00
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4180 1.4200 1.4410 1.4520
USDJPY 80.60 80.90 82.10 83.00
GBPUSD 1.6200 1.6230 1.6350 1.6430
USDCHF 0.8700 0.8765 0.8866 0.8900
EURJPY 114.50 115.00 116.55 117.80
AUDUSD 1.0500 1.0610 1.0753 1.0840
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