Dollar is expected to continue to trade in weaker territory, especially against the Euro and Cable, though it’s trading neutral against the Aussie Dollar. During past three days, despite sell of in Dow Jones Industrials, historic correlation was not observed between Dollar Index (DX) and Dow Jones Industrial average (.DJIA). Sublime volatility is expected through the European session; GDP figures may give further guidance to the Dollar trend.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3700 1.3750 1.3872 1.3953
GBPUSD 1.6070 1.6118 1.6182 1.6261
USDCHF – 0.9211 0.9333 0.9385
USDJPY 81.18 81.60 82.34 82.60
EURJPY 112.20 112.85 113.53 114.25
AUDUSD 0.9978 1.0067 1.0158 1.0197
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