The U.S Dollar is trading mixed, where as the Greenback is showing resilience against the Cable, the Aussie Dollar and the Common Currency are still trading weaker.
The Dollar Index (DXM11) has reached major resistance zone of 76.50; currently it is hovering in the ranges of 76.00-76.50; weekly close above 76.50 would post short-term bottom. On the lower side, 75.00 is expected to act as critical support for Dollar Index (DXM11), only weekly close below 74.40 would result in continuation of bearish Greenback.
Benchmark equity index of the Dow Jones Industrials (DJIA) is trending sideways with major support at 12100-12200 and resistance at 12600; historic correlation between DX and DJIA suggests sideways trend in Dollar Index with stronger bias towards U.S Dollar.
NYMEX Crude (CLN11) is trading range bound between $105.00 and $95.00; $95.00 ranges is expected to act as important support and $103.50 is expected to act as immediate resistance.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3865 1.3970 1.4154 1.4260
USDJPY 81.20 81.50 82.20 83.00
GBPUSD 1.5990 1.6070 1.6220 1.6280
USDCHF 0.8705 0.8750 0.8940 0.9020
EURJPY 113.00 114.30 115.60 116.20
AUDUSD 1.0380 1.0410 1.0570 1.0600
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