Historic correlation between DX Vs DJIA suggests the short-term and medium-term trend being sideways where as the long-term trend is still dollar bearish till the Dollar Index is not closing above 83.50 on monthly basis.
NYMEX Crude after hitting historic support zone of $95 ranges is currently trading at $96.80 ranges. Historic support is seen at $94-$95, further fall is expected only below $94.00.
FX Pair Trend Resistance 2 Resistance 1 Support 1 Support 2
EURUSD Sideways-Down 1.3020 1.3000 1.2880 1.2825
USDJPY Sideways-Up 80.20 80.00 79.50 79.00
GBPUSD Sideways-Up 1.6200 1.6160 1.6110 1.6060
USDCHF Sideways-Up 0.9380 0.9300 0.9250 0.9210
EURJPY Sideways 104.45 104.00 103.00 102.60
AUDUSD Sideways-Down 1.0200 1.0145 1.0070 1.0010
GFM Research Private Limited
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