Historic correlation between DX Vs DJIA suggests the long-term trend is still dollar bearish till the Dollar Index is not closing above 84.50 on monthly basis. Even the medium term trend has turned bearish after the Dollar Index breached 81.00 ranges and with immediate support seen in 78.70-78.20 ranges.
NYMEX Crude has found support at $89.00 ranges but unable to sustain above $93.20, succumbed to profit taking to currently trade flat at $91.80 ranges. Short term trend is sideways with $87.15 ranges acting as key support and $94.10 range acting as resistance.
USDJPY Sideways-Up 79.00 78.70 78.00 77.70
GBPUSD Sideways-Down 1.6180 1.6150 1.6100 –
USDCHF Sideways 0.9460 0.9430 0.9350 0.9320
EURJPY Sideways-Up 101.60 101.00 100.50 100.00
AUDUSD Sideways-Down 1.0320 1.0230 1.0160 –
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