Euro : Our recommendations of buying close to 1.4280 levels fetched us 100 pips. Euro is still consistently trading below 21 days daily EMA resistance at 1.4440 levels. Bearishness is slightly fading from Euro post new year. Break of 1.46 levels on upside would change the downward bias. Consider buys near 1.43 levels. Avoid shorts. (EURUSD-1.4403) Bearish.
Sterling : GbpUsd is consistently trading below the trendline resistance at 1.6150 levels.Short term bias remains mixed.However Buys should be initiated keeping in view the overall dollar weakness scenario and highly oversold weekly charts at sub 1.60 levels for target of 1.6300.(GBPUSD 1.6008) Neutral.
Yen : The JPY is having a resistance near 93 levels and currently trading at 92.20. Target 90 levels soon. Trend still bullish for yen overall. (USDJPY- 92.31) Bullish.
Aud : The AUDUSD is holding strong and buying at dips remains the overall strategy. Bullish (AUDUSD - 0.9135) Neutral.
Gold : GOLD is currently trading at $1133 levels. Immediate resistance comes near $1150 (50% retracement) and support near $1118 levels where buying can be initiated for the target of 30 dollars. Stochastic is still neutral. (GOLD - $1133) Neutral.
Dollar Index : Dollar Index is currently trading at the minor support level of 77.58 levels. This support might delay the immediate bullish view and argue that more consolidations would be seen first. However, downside is still expected to be restricted by 38.2% retracement of the rise of 74.19 to 78.45 coming at 76.82. We're remaining bullish on the dollar index as long as 76.80 support is held. (DI - 77.52) Neutral.