Major currencies witnessed a calm trading against the dollar during the Asian session today, as the currency markets are witnessing a state of calmness after the news received from the Japanese authorities which is continuing to make improvements to the nuclear power plant in Fukushima, which helped to calm fears of a possible nuclear crisis in Japan.
The euro traded against the dollar in a limited manner at the start of today's session trading around 1.4178 after recording the highest level at 1.4179 and the lowest at 1.4152. The pair faces a resistance at 1.4280. The daily momentum indicators show the pair in an overbought area.
The pound rose today against the dollar trading around 1.6377 after recording the highest level at 1.6383 and the lowest at 1.6341. The pair faces resistance at 1.6400 while daily and four hours momentum indicators show the pair in an overbought area.
The dollar/yen pair fell today trading around the 80.82 level, recording the highest at 81.06 and the lowest at 80.06. The pair faces a resistance at 81.30; on the other hand the pair is facing support level at 80.50, while showing signs of momentum on a daily basis to the possibility of the rise.