The Dollar Index (DXM11) reached major resistance zone of 76.50; Weekly close above 76.50 would post short-term bottom. On the lower side, 74.40 is expected to act as critical support for Dollar Index (DXM11), only weekly close below 74.00 would result in continuation of bearish Greenback.
Benchmark equity index of the Dow Jones Industrials (DJIA) is trending sideways with major support at 12200 and resistance at 12800; historic correlation between DX and DJIA suggests sideways trend in Dollar Index.
NYMEX Crude (CLN11) is trading range bound between $105.00 and $95.00; $95.00 ranges is expected to act as important support and $103.50 is expected to act as immediate resistance.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3865 1.3970 1.4163 1.4230
USDJPY 81.20 81.50 82.20 83.00
GBPUSD 1.5930 1.5990 1.6160 1.6200
USDCHF 0.8750 0.8820 0.8940 0.9020
EURJPY 113.00 114.30 115.60 116.20
AUDUSD 1.0410 1.0500 1.0600 1.0720
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