U.S Dollar recovers against most of the major pairs. Yesterday the Greenback appreciated most against the Cable followed buy the Common Currency. The Japanese Yen stabilized against most of the majors after exhibited unprecedented volatility during last week.
Historic correlation between the Dollar (DX) and key equity index of Dow Jones Industrials (DJIA) was not observed yesterday, where in despite DJIA trading stronger, profit taking was witnessed in EURUSD and GBPUSD.
NYMEX Crude May basis is trading firm around $105.50 ranges after finding support at $102 ranges during this week.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3960 1.4040 1.4138 1.4154
USDJPY 80.00 80.50 81.60 82.30
GBPUSD – 1.6175 1.6275 1.6307
USDCHF 0.9003 0.9030 0.9135 0.9200
EURJPY 113.00 113.85 116.31 116.64
AUDUSD 1.0040 1.0070 1.0200 1.0275
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