$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: The USD weak overall Vs the major peers.PE
Friday we saw fresh strength in EUR at 1.1828, which has risen from a low of 1.1748. Good support is seen at 1.1720-00, reducing concern of the risk of a fall to 1.1650-00.
UUSD/JPY at 109.40, no follow through and the trend remains overall Bearish with intra-day/ intra-week resistance at 109.70-90. Near-term support now at 108.68. Thus, a sideways movement is to be considered.
EUR/JPY at 129.36 trading above 128, a Key support on the weekly candles. If there is a strong bounce above 130 then it might rekindle the risk on trade, which came into doubt last week.
Good support is seen at 1.29 Sterling at 1.3016 on the 3-day candles and dips might get bought for a bounce towards 1.32.
AUD (Aussie) at 0.7905 bounced from the support at 0.7835 mentioned Friday. So, it might garner strength to rise to 0.80.
Have a terrific week.
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