ended at 2.84 per cent (3.36) and the 12-mth closed at 2.58 per cent (2.86). (Usd/Inr: 44.18).

Swiss Franc: USD/CHF pair traded within 100 pips yesterday taking resistance at 1.1045 levels (50% Retracement of the fall in weekly charts). The charts are indicating slight buying pressure as they are heading towards the overbought region. Only if 1.1085 (recent high) is decisively broken, an upmove upto 1.13 levels can be witnessed else further consolidation between 1.0880 – 1.1080 will be seen. (Usd/Chf-1.1033)

Australian Dollar: Aussie weakened almost 112 pips yesterday to touch the low of 0.8466 pricing in the 25 bps rate cut expected today. The hourly and 4-hourly stochastic are showing are showing buying pressure with immediate resistance at 0.8555 (21 4-hourly EMA) breaking which Aussie can move upto 0.86 levels. Initiate shorts at higher levels. (Aud/Usd-0.8496).

Gold: Gold faced resistance at $835.55 yesterday and was pushed almost $20 lower. Gold has strong support at $809.36 (50% retracement of rise from $775 to rise of $ 843.90). The 4-hourly and hourly stochastic is oversold whereas the daily is moving towards the oversold region. On the downside $800 should hold and initiating longs there could be considered. (Gold: $816.50).

Dollar index: Dollar index retains strength trading at 77.81 levels currently with the stochastic highly overbought at 92.53%.

Brent Oil: Oil plummeted almost $6.60 yesterday as Hurricane Gustav weakened as it approached the US. The 4-hourly and daily stochastic are highly oversold where the immediate support is seen at $108.75 (100 weekly EMA) whereas on the upside $113.79 can be taken as resistance. (55 Weekly EMA) (Oil: $110.91)