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 $95.70 ranges. Historic support is seen at $94-$95, further fall is expected only on daily closing 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 80.20 79.80 78.30
GBPUSD Sideways 1.6150 1.6110 1.6050 1.5985
USDCHF Sideways-Up 0.9380 0.9330 0.9260 0.9210
EURJPY Sideways 105.50 104.50 102.80 101.80
AUDUSD Sideways-Down 1.0120 1.0080 0.9980 0.9950
GFM Research Private Limited
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