Although the US dollar has staged a brief but strongg rebound from 81.83/84 to 82.33 and choppy consolidation would be seen, as long as said level holds, downside bias remains for corrective decline from March's 11-month high of 84.18 to resume for retest of said support at 81.58.
Trade from short side with stop as indicated, break would risk stronger pullback to 82.50.
Range Forecast
81.83/82.33
Resistance/Support
Resistance: 82.50 / 82.61 / 82.74
Support: 81.83 / 81.58 / 81.47
Last Update At
30 Mar 2012 01:49 GMT
Rate
82.15
Position
Short at 82.20
Strategy/Entry Level
Hold short
Objective
81.85
Stop-Loss
82.35