Rupee : The Rupee appreciated against the USD in friday's trading session to close at 46.33 levels.Rupee closing below its 21Day EMA 14-Day RSI is at 34 levels. For the day, support is seen at 45.90 whereas resistance is seen at 46.40/46.70.Rupee is rangebound between these levels. (USDINR 46.05). Bullish (Refer chart below).
Euro : The Euro declined 0.5% against the dollar in last week's trade as a rise in risk appetite boosted demand for higher- yielding currencies. The overall trend in the Euro continues to remain bullish, economic data indicated that the European economy returned to growth for the first time during the third- quarter of 2009 after five quarters of falling output. This positive data could boost further risk appetite and lead the Euro higher.The Euro weakened against the dollar in friday's trading session to close at 1.4919. For intraday, support is seen at 1.4850/1.4780 whereas resistance is seen at 1.5010/1.5060.(Eurusd - 1.4967). Bullish.
Sterling : The Sterling (GBP) is unable to remain below 1.6510 (21 EMA) levels in the last week and is being foming a triangular pattern in the daily charts. This bullish momemtum can lead the pair to retest the 1.6842 levels in the near term and if that breaks then the next target can be 1.70 levels. Short-term Selling near these resistance levels with a stoploss can be considered. However, the support of 1.63 looks strong as of now and break below this support can make the pair bearish otherwise Rangebound. (GBPUSD 1.6720) Neutral.(Refer chart below).
Yen : Yen is unable to break the resistance of 21 day EMA of 90.33 levels. The charts are still showing a downside in yen and can lead the Usd/Jpy pair to the immediate support of around 88.10 levels(recent low). The resistance of $91 levels (55 daily EMA) is crucial for yen to determine the change in bias for the pair. (UsdJpy 89.55) Bullish
AUD : Audusd has been consistantly trading higher on the back of bullishness in Gold. The next potential target for Aussie can be 0.9420 untill the charts of gold and other commodities lead to a correction.Support is seen around 0.9290 levels(21 H4 EMA) and stochastic in Aussie charts are due for downside correction in the overbought region. (Aud/Usd - 0.9342).Bullish
Gold : Gold took the support of $1101 levels in the last week and has again gained momemtum this morning. It is currently trading at $1129 levels. The Stochastics are highly over-bought and short-term selling around $1132 - $1135 levels for smaller profits can be expected. (GOLD $1129.40).Bullish
Dollar Index : The Dollar Index (DX) is trading near the support zone of 75.05 - 75.10 levels and the next support is seen at $74.80 levels. The weak USD overseas and the continuous strength in the commodities have lead Dollar Index trade lower. The pressure on dollar can continue for some more time before it starts correcting. Resistance comes around $76 levels. (DI -75.15). Range-bound.