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 1.3000 1.2960 1.2880 1.2825
USDJPY Sideways-Up 80.50 80.10 79.80 78.30
GBPUSD Sideways-Up 1.6200 1.6140 1.6110 1.6060
USDCHF Sideways-Up 0.9380 0.9320 0.9260 0.9210
EURJPY Sideways 104.00 103.50 102.60 101.80
AUDUSD Sideways-Down 1.0120 1.0100 1.0040 1.0010
GFM Research Private Limited
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