U.S. Dollar Facing Further Weakness

 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: A support base at 1.0795 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 1.0795 with targets @ 1.0955 & 1.105 in extension. Below 1.0795 look for further downside with 1.075 & 1.069 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: The pair stands above its support. Suggest LONG positions above 118.85 with targets @ 119.6 & 119.95 in extension. Below 118.85 look for further downside with 118.25 & 117.7 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: A support base at 1.479 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 1.479 with targets @ 1.4955 & 1.501 in extension. Below 1.479 look for further downside with 1.4715 & 1.463 as targets.
        1 month trend: Range
        Intraday USD/CHF: As long as 0.969 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 0.969 with targets @ 0.9545 & 0.9485 in extension. Above 0.969 look for further upside with 0.972 & 0.9765 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: A support base at 0.729 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 0.729 with targets @ 0.7335 & 0.736 in extension. Below 0.729 look for further downside with 0.7265 & 0.7225 as targets.
        1 month trend: Range
        Intraday EUR/JPY: The RSI is badly directed. Suggest SHORT positions below 130.45 with targets @ 128.95 & 128.35 in extension. Above 130.45 look for further upside with 130.85 & 131.45 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: As long as the resistance at 1.051 is not surpassed, the risk of the break below 1.042 remains high. Suggest SHORT positions below 1.051 with targets @ 1.042 & 1.0365 in extension. Above 1.051 look for further upside with 1.0545 & 1.06 as targets.
        1 month trend: Range
        Intraday AUD/USD: The RSI is badly directed. Suggest SHORT positions below 0.7785 with targets @ 0.77 & 0.7655 in extension. Above 0.7785 look for further upside with 0.7835 & 0.7905 as targets.
        1 month trend: Bearish
        * The pivot is the sum of the high, low and close divided by 3.
        For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
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        (END) Dow Jones Newswires

        March 30, 2015 02:44 ET (06:44 GMT)

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