Euro : EURUSD unable to break 1.4250 levels on the downside and is currently trading at 1.4480. Bias is little mixed but bullishness would be confirmed once 1.4650 would break on the upside. Cautious shorts can be initiated near 1.4550-80 levels with the target of 100pips, keeping stoploss above 1.4650 levels (EURUSD-1.4480). Rangebound to Bullish.
Sterling : GBPUSD is currently trading near 1.6155 levels. Immediate resistance comes around 1.62 levels where cautious shorts can be initiated for target 100-150pips, keeping stoploss above 1.6280 levels. (GBPUSD 1.6155) Rangebound to Bullish.
Yen : The JPY is currently trading near its downward trendline resistance and strength in yen still prevails. Levels close to 93 remains strong technical resistance plus stochastic in weekly charts are also showing strength in yen. Cautious shorts can be initiated near 93 levels for the target of 90 levels with tight stoploss of 150 pips. Trend still bullish for yen below 93 levels (USDJPY- 91.06) Bullish.
Aud : The AUDUSD is holding strong and buying at dips remains the overall strategy. (AUDUSD - 0.9218) Bullish.
Gold : GOLD seems a good buy near $1128 levels for a target of 30 dollars. Do not go short on gold since it seems quite bullish. Buying on downside levels is recommended. (Gold-$1128) Bullish.
Dollar Index: Dollar Index is in a consolidation mode and fall from 78.45 might extend further. Strong support comes near 77.00 levels where it is currently trading. We'd continue to expect some more downside near 38.2% retracement of 74.19 to 78.45 at 76.80 and bring rally resumption from there. (DI -77.99). Neutral.