The EURUSD is currently trading at 1.3200 levels after touching a low of 1.3150 levels on greece downgrades. Near term importers cover near 1.3000 - 1.3050 levels. Bearish below 1.3650 levels and 1.30 looks most likely. We have got our exporters booked close to 1.36 levels for April and May. Please refer previous reports and sms. (EURUSD - 1.3200). Bearish.

GBPUSD is currently trading at 1.5250 levels.  Near term imports are for May cover around 1.50 levels. Our exporter clients are covered around 1.55 levels (refer previous updates). The bias is bearish further down.  Bearish below 1.5600 levels target 1.50 levels. (GBPUSD 1.5250).

USDJPY is currently trading 93.13 levels. Yen is taking strong resistance near 94.20 breaking which we could target 97-98 levels. Weekly close above 92 levels has increased chances for a bearish move for the yen currency. Importers hold for medium term covers. (USDJPY- 93.13). Long Term (3-6 months) Target 98 and higher. WE JUST NEED A CONSISTENT BREAK OF 94.30 TO MAKE THIS HAPPEN .

AUDUSD is currently trading at 0.9213 levels. Importers cover on dips. Exporters in Aud may start booking from 0.9350 onwards partially. Since the Australian currency is overall hawkish and Gold is holding above $1135 dollars we would stay away from shorts. Buying on dips is recommended. (AUDUSD - 0.9213). Bullish.

Gold is currently trading at $1164 levels and its bias is clearly on the upside. As per our earlier reports we have continously bought from 1100 levels onwards. Buy on dips remains is the strategy. (Gold- $1164) Bullish.

The dollar index, the sharp fall ahead of 82.24 resistance argues that medium term rally is not ready to resume yet. Consolidation from 82.24 might extend further with another fall and break of 81.04 minor support will flip intraday bias back to the downside for 80.04 support to conclude the consolidation. Though, decisive break of 82.24 will target next key fibonacci level of 61.8% retracement of 89.62 to 74.19 at 83.72 next.  (Dollar Index- 81.31) Clearly Bullish