The Dollar traded flat against the Euro, the Cable and the Swiss France whereas it continued to slide against the Aussie Dollar. The Dollar Index is again expected to find resistance at 81.00 ranges from where is sold off during September last.
The benchmark equity index (.DJIA) is currently trading at 13215 ranges after gaining more than 150 points. 12980-13000 ranges is still posting important support; it may trade sideways between 12900-13500 before major trend sets in.
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.
FX Pair Trend Resistance 2 Resistance 1 Support 1 Support 2
EURUSD Sideways 1.3070 1.2940 1.2745 1.2700
USDJPY Sideways 80.65 80.50 79.70 79.50
GBPUSD Sideways 1.6130 1.6050 1.5960 1.5900
USDCHF Sideways 0.9530 0.9450 0.9330 0.9220
EURJPY Sideways 103.40 103.10 101.80 101.10
AUDUSD Sideways-Up 1.0630 1.0540 1.0400 1.0340
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