Consolidation dominated today's Asian session ahead of the US monthly budget statement. The euro and the yen inclined slightly against the green currency, while the pound declined. The USDIX declined slightly recording a low of 74.92 and a high of 75.08.
The euro dollar pair slightly gained recording a high of 1.5015 and a low of 1.4980, having the 16 nation's currency trading around 1.4500. The pair is having a resistance at 1.5050 along with a support at 1.4930. If the pair broke the support it will be trading near the 1.4885 levels. However, the ECB will release its monthly report today that may affect the pair's trades, while the four hour stochastic oscillator is supporting the downside.
The pound dollar pair is consolidating between 1.6630 and 1.6550 recording a high of 1.6624 and a low of 1.6554, having the pair trading around 1.6565. The pair is having a support at 1.6510 along with a resistance at 1.6610 and it is expected to decline according to the daily stochastic oscillator, so the pair may breach the support to target 1.6430.
Finally, the dollar declined slightly against the Japanese yen recording a high of 89.96 and a low of 89.66, having the pair trading around 89.85. The pair is having a support at 89.20 along with a resistance at 90.10 and if the pair broke the resistance it will be trading around 90.45 levels. However, the U.S monthly budget statement is on queue today that may affect the pair.