Weak Dollar and Stronger Yen and Swiss Franc

Dollar continues to weaken against majors like Euro, Yen, Sterling,Swiss Franc and Aussie and looking decent against Canadian Dollar andKiwi. I'm more bullish on GBP/USD pair and USD/CAD also lookinggood. EUR/USD currently trading at 1.2960 and might be we can see the breakout level of 1.2978 to kiss the 1.3000 level, short term supportis at 1.2928. USD/JPY is showing threat of breaking the 116 mark,already we seen a fall of little more than 200 pips from the level of118.50. On charts GBP/USD looks very good indeed and Sterling is one ofmy favourite currency. Strong support for this pair is at 1.9130. In the near term we're heading towards 1.9335. USD/CHF is testing the 1.2200 levels and i feel the Swiss will resist at these levels for sometime to come. USD/CAD is just hovering above the critical level of1.1400 levels. Strong resistence is at 1.1425 and support exist at1.1385 levels. NZD/USD at the danger level of 0.6700. AUD/USD on the verge of breakout from the 0.7750 level and the support is at 0.7730.

Yen was trading stronger against Dollar, Euro, Sterling, Canadian Dollar, and Kiwi & Aussie Dollar but trading pretty flat against the Swiss Franc. And Swiss franc trading strong against Dollar, Euro, Sterling and flast against Yen.