Although the dollar's intra-day breach of last week's 5-week low at 80.57 due to renewed buying of yen on risk aversion suggests an erratic fall from 84.18 (Mar). To correct MT rise from 2011 record low at 75.32 has resumed, below 80.00/10 needed to extend towardd 79.75. A firm rise above 81.10/20 anytime confirms the temporary low is finally made; yields retrace toward 81.87.
Next Update
14:00GMT
Resistance/Support
R: 80.82 / 81.20 / 81.87
S: 80.36 / 80.02 / 79.55
Last Update At
16 Apr 2012 06:25 GMT
Rate
80.56
Strategy/Entry Level
Stand aside