The Dollar Index is currently trading at 80.00 ranges, after finding resistance at 81.00 ranges from where is sold off during September. Daily close below 79.80 would result in further depreciation of the US Dollar across the board.
The benchmark equity index (.DJIA) is trading at 12980 after finding support at the medium term support of 12450-12500 ranges. Only daily close below 12400 would put major trend at jeopardy else as the index consistently trades beyond 13300, major rally reinitiates.
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 Up 1.3125 1.3020 1.2920 1.2870
USDJPY Sideways-Down 82.80 82.20 81.65 80.80
GBPUSD Up – 1.6130 1.6000 1.5970
USDCHF Down 0.9340 0.9310 0.9230 0.9210
EURJPY Sideways-Up 108.00 107.60 106.10 105.50
AUDUSD Sideways-Up 1.0630 1.0540 1.0440 1.0400
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