FX market stabilized yesterday after witnessing choppy volatile trading sessions during past couple of days. Most of the FX pairs are showing signs of subdued volatility. Most FX pairs returned to the levels they were trading at before the tsunami which shook northern Japan. Most of the world indices also returned to the levels prior March 15, 2011, further direction in key equity indices would provide impetus for the FX pairs.
NYMEX Crude May basis is trading firm above $104.70 ranges after finding support at $102 ranges.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4090 1.4165 1.4254 1.4310
GBPUSD 1.6180 1.6260 1.6410 1.6450
USDCHF 0.8950 0.9003 0.9080 0.9100
USDJPY 80.00 80.50 81.60 82.00
EURJPY 113.00 113.85 116.31 116.64
AUDUSD 0.9935 1.0040 1.0100 1.0142
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