Euro : EURUSD is currently trading at 1.4310 levels and is having immediate support near 1.4270 levels (Trendline support) .Our recommendation is buying close to 1.4270 -1.4300 levels with the target of 100 pips. Today's Eurozone GDP data is expected better. Break of 1.46 levels on upside would change the bias. (EURUSD-1.4301) Rangebound.
Sterling : GBPUsd is consistently trading below the trendline resistance at 1.6150 levels.Yesterday gbp did not move much after the BOE unchaged rate decision.Immediate support near 1.5840 - 50 levels (recent low) where buying could be initiated for the target of 150 pips. Stochastic is near in overbought region. (GBPUSD 1.5940) Rangebound.
Yen : The JPY is currently trading at 93.30 levels and is having strong support near 92.20 levels (100 days EMA) and resistance 93.80 levels which if broken then could see 95.40 levels.Cautious shorts can be initiated near 93.80 -94.00 levels for the target of 92.50 levels with tight stoploss. Trend still bullish for yen below 94 levels (USDJPY- 93.31) Bullish.
Aud : The AUDUSD is holding strong and buying at dips remains the overall strategy. Bullish (AUDUSD - 0.9120) Neutral.
Gold : GOLD made a high of $1135 levels yesterday and currently has corrected till $1122 levels on the back of resuming US strength. Immediate support comes near $1118 levels where buying can be initiated for the target of 30 dollars. Stochastic is still neutral and can lead gold to take the resistance near $1150 levels. (GOLD - $1123) Neutral.
Dollar Index: Dollar Index held the minor support of 77.58 levels and resumes its rise to the 78 levels this morning. The development is turning favor back to the case and consolidation is expected as of now in dollar index. However, we also expect the break of 78.19 resistance before concluding the consolidation. (DI - 78.05) Neutral.