Although the dollar has retreated after an intra-day cross-inspired rally to 81.43 in Tokyo, this move signals that a recent erratic fall from 84.18 (Mar) has made a low at 80.29 Monday; consolidation with upside bias remains for a gain toward 81.87 but 82.00 would hold.
Trade from long side with stop as indicated, below may risk marginal weakness but 80.52/55 should hold.
Next Update
14:00GMT
Resistance/Support
R: 81.43 / 81.87 / 82.24
S: 80.85 / 80.52 / 80.29
Last Update At
18 Apr 2012 08:45 GMT
Rate
+81.50+
Position
Long at 81.20
Strategy/Entry Level
Hold long
Objective
81.85
Stop-Loss
+81.15+