The Dollar Index (DXU11) traded mixed wherein the USD has depreciated against most of the FX majors where as the USD has traded flat against the Japanese Yen and depreciated against the Swiss Franc.
Key equity index, Dow Jones Industrials (DJIA) finds support again in the ranges of 11900 to gain smartly beyond 12200 mark to currently trade at 12570 ranges which is an intermediate resistance; consistently trading above 12450 reinitiate long-term rally in DJIA. Historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index.
NYMEX August Crude finds important support in the ranges of $90.00 ranges to currently trade firm at $95.30, weekly close above $96.40 would post long-term bottom.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4000 1.4473 1.4590 1.4670
USDJPY 80.00 80.50 81.00 81.50
GBPUSD 1.6000 1.6050 1.6150 1.6175
USDCHF 0.8350 0.8400 0.8520 0.8555
EURJPY 116.50 116.90 118.00 118.50
AUDUSD 1.0610 1.0685 1.0770 1.0835
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