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 84.50 on monthly basis.
NYMEX Crude after finding support at $94.20 is currently trading firm at $96.00. The short-term trend is range bound between $94.00 and $98.00; daily close above $98.40 would open door towards $102.00.
FX Pair Trend Resistance 2 Resistance 1 Support 1 Support 2
EURUSD Sideways 1.2650 1.2630 1.2530 1.2480
USDJPY Sideways 78.80 78.65 78.10 77.90
GBPUSD Sideways 1.6030 1.5960 1.5860 1.5800
USDCHF Sideways 0.9650 0.9630 0.9500 0.9450
EURJPY Sideways 101.00 99.60 98.30 97.90
AUDUSD Sideways 1.0310 1.0240 1.0170 1.0130
GFM Research Private Limited
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