The Dollar traded mixed against the FX majors wherein it has appreciated against the Euro, the Cable and the Swiss France where as the USD has weakened by about 50 pips against the Aussie Dollar.
The benchmark equity index (.DJIA) is currently trading at 13130 ranges after again finding support at 12980-13000 ranges but due to the steep fall during 19-10-12 and 23-10-12, DJIA may trade sideways for sideways for couple of weeks before trend sets in.
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.
FX Pair Trend Resistance 2 Resistance 1 Support 1 Support 2
EURUSD Sideways-Down 1.2900 1.2860 1.2680 1.2660
USDJPY Sideways-Down 80.65 80.50 79.70 79.50
GBPUSD Sideways 1.6090 1.6050 1.5960 1.5900
USDCHF Sideways-Up 0.9530 0.9450 0.9380 0.9350
EURJPY Sideways 103.40 102.90 101.80 101.10
AUDUSD Sideways-Up 1.0540 1.0480 1.0380 1.0310
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