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Dollar index trading at 97.85 (+0.20%).
Strength meter (today so far) - Euro -0.32%, Franc -0.34%, Yen +0.10%, GBP +0.12%
Strength meter (since last week) - Euro -2.74%, Franc -2.34%, Yen -1.00%, GBP +0.73%
EUR/USD -
Trading at 1.085
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support
- Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085
Resistance -
- Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132
Economic release today -
- NIL
Commentary -
- Euro dropped further, as policy divergence and FED rate hike is back in focus. Further downside towards parity is likely.
GBP/USD -
Trading at 1.563
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.544
Resistance -
- Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572
Economic release today -
- NIL
Commentary -
- Pound is treading water around 1.56 area. Today's range 1.555-1.567. Pound is the only major to gain against dollar this week.
USD/JPY -
Trading at 124
Trend meter -
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support -
- Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7, Immediate - 120.7
Resistance -
- Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.3
Economic release today -
- NIL
Commentary -
- Yen is now is at key resistance. However the pair has moved into consolidation. Yen might lose to 127 against dollar, if risk aversion subsides further.
USD/CHF -
Trading at 0.96
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/buy support
Support -
- Long term - 0.88, Medium term - 0.90, Short term - 0.90
Resistance -
- Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987
Economic release today -
- Retail sales dropped by -1.8% in May from a year ago.
Commentary -
- Franc is likely to remain medium term sell against dollar and drop further. The pair is likely to reach as high as 0.987 against dollar.
