Historic correlation between DX Vs DJIA suggests the long-term trend is still dollar bearish till the Dollar Index is not closing above 84.50 on monthly basis. Even the medium term trend has turned bearish after the Dollar Index breached 81.00 ranges and the index seems to be consolidating in 78.70-78.20 ranges.
NYMEX Crude trading weak at $91.00 ranges after breaching critical support of $94.00. Short term trend is weak and may test $87.15 ranges
FX Pair Trend Resistance 2 Resistance 1 Support 1 Support 2
EURUSD Down 1.3080 1.3050 1.2940 1.2830
USDJPY Sideways 79.00 78.40 77.70 77.40
GBPUSD Sideways-Down 1.6265 1.6220 1.6170 1.6150
USDCHF Sideways-Up 0.9370 0.9340 0.9250 0.9200
EURJPY Sideways 103.00 102.40 101.00 100.50
AUDUSD Sideways-Down 1.0500 1.0470 1.0370 1.0260
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