The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00 ranges would act as major support in near future.
The Dow Jones Industrials (DJIA) is trading consistently above the major support of 12520 ranges but below major resistance zone of 12900-13100, DJIA Vs DX correlation suggests sideways trend with under tone changing USD bullish.
NYMEX Crude June basis after facing stiff resistance at $114.00 upper ranges sold off below the critical support of $110.80 to test major support of $95.00.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4180 1.4234 1.4485 1.4580
USDJPY 79.50 80.00 81.50 82.00
GBPUSD 1.6190 1.6260 1.6430 1.6490
USDCHF 0.8660 0.8690 0.8806 0.8858
EURJPY 114.40 115.00 117.60 118.40
AUDUSD 1.0580 1.0705 1.0820 1.0914
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