The US Dollar Index (DXU11) is expected to find support at 75.30 ranges, weekly close below 75.00 ranges would reinitiate long-term weakness in USD else DXU11 is expected to test 77.00. Consistent close above 77.20 would post short-term bottom in the US Dollar.
Key equity index, Dow Jones Industrials (DJIA) has broken important trend line support at 12200 ranges on Friday, June 03,2011 to currently trade at 11950 ranges; 11600-11700 ranges is expected to act as final support for DJIA. Historic correlation between DJIA Vs DX suggests sideways stronger USD for few trading session till the Dow takes support at 11600 ranges.
NYMEX July Crude closed below important support of $95.00 to currently trade at $94.31, consistent close below $95.00 would trigger sell off to $91.00 ranges.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.3830 1.4020 1.4270 1.4310
USDJPY 80.20 80.50 81.80 82.30
GBPUSD 1.6020 1.6075 1.6220 1.6260
USDCHF 0.8435 0.8460 0.8555 0.8620
EURJPY 112.00 113.45 114.95 115.30
AUDUSD 1.0430 1.0470 1.0580 1.0620
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