The green currency strengthened in today's Asian session to gain against the euro for the second straight day and gain against the royal pound for the third day. On the other hand the dollar rallied against the yen after a sharp decline lasted for three days.
The euro dollar pair fell slightly recording a low of 1.4333 and a high of 1.4368, having the union currency trading around 1.4355. The pair couldn't breach the 1.4460 levels yesterday, and fell back to the 1.4365 levels and today it is having a support at 1.4300 along with a resistance at 1.4385. The four hour stochastic oscillator is suggesting more declines today, so we may see the pair declining to the 1.4255 levels.
Regarding the pound dollar pair, it breached the 1.6010 levels yesterday and currently the pair is trading around 1.5955. The pair is having a support at 1.5900 along with a resistance at 1.6025, and the pair is trading in an oversold area according to the four hour momentum indicators, so it might gain slightly today before it start falling again below the 1.5900 levels. However, the pair recorded a high of 1.6004 and a low of 1.5943.
Finally, the dollar rallied against the Japanese yen in today's Asian session to offset a sharp decline we witnessed yesterday, and the pair recorded a high of 92.12 and a low of 91.50. Today's resistance could be found at 92.50, while the support could be found at 91.45 and momentum indicators on the four hours charts are supporting the upside, so we may see the pair climbing further today, but the general trend remains to the downside
The euro dollar pair fell slightly recording a low of 1.4333 and a high of 1.4368, having the union currency trading around 1.4355. The pair couldn't breach the 1.4460 levels yesterday, and fell back to the 1.4365 levels and today it is having a support at 1.4300 along with a resistance at 1.4385. The four hour stochastic oscillator is suggesting more declines today, so we may see the pair declining to the 1.4255 levels.
Regarding the pound dollar pair, it breached the 1.6010 levels yesterday and currently the pair is trading around 1.5955. The pair is having a support at 1.5900 along with a resistance at 1.6025, and the pair is trading in an oversold area according to the four hour momentum indicators, so it might gain slightly today before it start falling again below the 1.5900 levels. However, the pair recorded a high of 1.6004 and a low of 1.5943.
Finally, the dollar rallied against the Japanese yen in today's Asian session to offset a sharp decline we witnessed yesterday, and the pair recorded a high of 92.12 and a low of 91.50. Today's resistance could be found at 92.50, while the support could be found at 91.45 and momentum indicators on the four hours charts are supporting the upside, so we may see the pair climbing further today, but the general trend remains to the downside
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