The Dollar Index (DXU11) traded flat also trading was sluggish yesterday evening on the event of U.S Independence Day.
Key equity index, Dow Jones Industrials (DJIA) finds support again in the ranges of 11900 to gain smartly beyond 12200 mark to currently trade at 12577 ranges which is an intermediate resistance; consistently trading above 12450 reinitiate long-term rally in DJIA. Historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected, especially against the Swiss France
NYMEX August Crude finds important support in the ranges of $90.00 ranges to currently trade firm at $94.85, weekly close above $96.40 would post long-term bottom.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4380 1.4400 1.4500 1.4550
USDJPY 80.00 80.50 81.20 81.50
GBPUSD 1.5870 1.5980 1.6050 1.6085
USDCHF 0.8400 0.8435 0.8520 0.8555
EURJPY 116.80 117.00 118.00 118.50
AUDUSD 1.0610 1.0640 1.0700 1.0735
USDJPY 80.00 80.50 81.20 81.50
GBPUSD 1.5870 1.5980 1.6050 1.6085
USDCHF 0.8400 0.8435 0.8520 0.8555
EURJPY 116.80 117.00 118.00 118.50
AUDUSD 1.0610 1.0640 1.0700 1.0735
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