14th March 2011 – FX Daily Report by GFM Research

Common currency settled higher at 1.3901 on Friday and ended short-term down rally after finding support at 1.3752. EURUSD till it trades above 1.3750, trend may remain very much bullish. Swiss franc may lose further against the Greenback unless the daily closing is beyond 0.9370 ranges. USDJPY is consolidating in broader range of 80.90-83.75, we are expecting volatile trading in case if USDJPY pair. DJIA remained sideways and posted marginal gain at 12044.40


FX Pair      Support 2       Support 1         Resistance 1         Resistance 2


EURUSD       1.3783             1.3888                 1.4065                   1.4285
GBPUSD       1.5895             1.6030                 1.6112                   1.6183
USDCHF       0.9123             0.9200                 0.9310                   0.9353
USDJPY         80.90               81.33                   82.54                    83.75
EURJPY        112.17             113.82                 114.57                   116.00
AUDUSD       0.9979            1.0095                 1.0212                    1.0255


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Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.