EURUSD rose sharply yesterday on Interest rate hike decision by ECB during its April, 2011 meet. Common Currency is hovering near key resistance of 1.3955; strong vigilance is needed at this level as any negative news may leads to sharp profit taking. On the other side, daily close above 1.3975 may spur further up rally towards 1.4282, high made on November 04, 2010. USDCHF if manages to sustain above 0.9200 can show up rally towards 0.9461 in near-term. We are not expecting any further strengthening on JPY against the Greenback in near-term till prices are not posing daily close below 81.50. DJ settled higher at 12258.20 against previous close of 12066.80, trying to establish new bull trend.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3820 1.3873 1.3970 1.4146
GBPUSD 1.6166 1.6240 1.6347 1.6380
USDCHF 0.9131 0.9291 0.9461 0.9546
USDJPY 81.50 82.07 82.75 83.94
EURJPY 111.70 113.85 115.67 116.50
AUDUSD 1.0012 1.0090 1.0149 1.0222
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