Future Business

May 16, 2009

The Dollar bounces from 94.77, above 95.15 after U.S. data

Filed under: Market, News

The Dollar has bounced from 94.77 fresh 7-weeks low to return to levels above 95.00, reaching 95.60 April 28 low at the time of writing.

Immediate resistance lies at the mentioned 95.60 (April 28 low) and above here, 95.80 and intra-day high at 96.20. On the downside, support levels lie at 95.15, and 94.80, intra-day low. Below here, next support level is 94.15 (Mar 20 low).

EUR/JPY has bounced from two-weeks low at 128.35 to reach 129.40 level at the time of writing. First resistance lies at 129.85 and 130.75. Support levels remain at 129.25 and 128.35.

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