The U.S Dollar depreciated traded flat against the Common Currency and the Cable; continued depreciation against the Aussie Dollar and the Swiss France.
The Dollar Index (DX) unable to trade beyond the key resistance of 76.60 ranges, remained range bound between 76.60 and 75.50 with weaker bias; 75.50 may act as support. Further weakening of the Dollar Index is expected below 75.30 ranges.
The Dow is trading at historic resistance zone of 12400 ranges. Historic correlation between the Dow Jones (DJIA) and DX suggests range bound trading pattern in DX with negative bias.
NYMEX Crude, May basis is trading firm above $111, after breaking above $109.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4280 1.4340 1.4400 1.4550
USDJPY 84.40 84.80 85.90 –
GBPUSD 1.6230 1.6280 1.6380 1.6440
USDCHF 0.8955 0.9040 0.9140 0.9205
EURJPY 120.80 121.40 123.40 124.90
AUDUSD 1.0390 1.0430 1.0600 –
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