Although dollar has rebounded after yesterday's cross-inspired selloff to 82.33 a minor consolidation would be seen in Asia, as long as 83.02 (prev. sup, now res) holds, mild downside bias remains for recent decline to re-test said o/n low later today. Trade from the short side with stop as indicated, break would risk a stronger gain to 83.14/18.
Range Forecast
82.51 / 82.90
Resistance/Support
R: 83.02 / 83.18 / 83.47
S: 82.33 / 81.97 / 81.87
Last Update At
23 Mar 2012 02:17 GMT
Rate
82.83
Position
Short at 82.75
Strategy/Entry Level
Hold short
Objective
82.45
Stop-Loss
82.95