$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: It was said early last week that most of the major pairs have been in a normal correction and further break of major supports are required before the downtrend can be confirmed.PE
EUR (Euro) at 1.1415 has probably ended as it bounced back near to the year high of 1.1445, but it may rise further to its long term resistance at 1.15-1.16.
The US Dollar (.DXY) Index at 95.92) slipped below 96.00. US Dollar may test the major support of 95.50-40.
USD/JPY at 113.69 rallying towards our targets of 114.30-115.00 as expected with 1st support coming at 113.00-112.75.
Sterling (GBP) at 1.2970 requires a break above the major resistance at 1.3030-50 to negate Southside risks and confirm further rise to 1.3200.
AUD (Aussie) at 0.7585 trades weak despite the global USD weakness and may test the lower support at 0.7530-15 sooner rather than later.
Have a terrific week.
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