| Global Interest Rates | |||
Australia |
3% | ||
Canada |
0.25% | ||
EMU |
1% | ||
Japan |
0.1% | ||
Swiss |
0.25% | ||
England |
0.5% | ||
US |
0.25% | ||
Yesterday's cross-inspired rally signals erratic decline from 100.56 has formed a temporary low earlier this week at 94.48 and consolidation with upside bias remains for at least a strong retracement of aforesaid fall to 98.70/80 but only a break above resistance at 99.48 would signal the upmove from last month's at 90.87 has resumed.
On the downside, below 96.60/70 would risk pullback to 96.00 but support at 95.13 (overnight New York low) should remain intact.