With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.
Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above 13000 mark would result in continuation of the bull trend which would put pressure on the Greenback.
The long-term trend is still bearish till the Dollar Index does not close above 83.50 on monthly basis. Historic congestion is seen in the ranges of 81.40-83.50.
NYMEX April Crude is trading sideways as it is nearing the short-term resistance of $110.00 ranges. Historic congestion in the ranges of $110.00 ranges which may put halt on the rally.
FX Pair Trend Support 2 Support 1 Resistance 1 Resistance 2
EURUSD Sideways-Up 1.3340 1.3385 1.3450 1.3510
USDJPY Sideways 79.50 79.90 80.50 81.20
GBPUSD Sideways-Up 1.5770 1.5810 1.5870 1.5910
USDCHF Sideways-Down 0.8780 0.8900 0.9020 0.9080
EURJPY Sideways-Up 106.80 107.20 108.50 109.20
AUDUSD Up 1.0650 1.0720 1.0810 1.0960
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