The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to weaken the Yen after the Yen has hit all time high of 76.30 ranges against the US Dollar.
Historic correlation between the Dollar Index (DX) and the Dow Jones Industrials (DJIA) suggests long term bearishness in the USD though short covering may be witnessed in near term.
The Dollar Index is currently capped between 73.40 and 76.70 only weekly close on the either side would establish trend in the respective direction.
Taking queues from the weaker economic statistics, NYMEX October Crude traded weak and is currently trading at $91.88; $89.00 is expected to act as the final major support.
FX Pair Support 2 Support 1 Resistance 1 Resistance 2
EURUSD 1.4180 1.4270 1.4510 1.4680
USDJPY 77.50 78.40 80.20 81.70
GBPUSD 1.6230 1.6330 1.6500 1.6550
USDCHF 0.7600 0.7660 0.7810 0.7840
EURJPY 111.00 112.00 114.00 114.80
AUDUSD 1.0550 1.0630 1.0800 1.0840
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