Cheerful U.S data witnessed yesterday helped the federal currency to gain against the euro and the pound for the second straight day. The USDIX that tracks the dollar's performance against a basket of major currencies rose to record a high of 80.63 and a low of 80.42, while it is currently trading around 80.60.
The euro dollar pair declined to record a low of 1.3557 and a high of 1.3613, having the union currency trading around 1.3575. The pair is back to the 1.3500 levels, after it climbed to the 1.3750 levels by the beginning of this week, which make us expected further declines. The pair is trading in the oversold area according to the four hour momentum indicators, and it is having a support at 1.3505 along with a resistance at 1.3720. The euro zone's consumer confidence will be released today affecting the pair.
As for the pound dollar pair, it fell slightly to record a low of 1.5639 and a high of 1.5686, having the royal currency trading around 1.5660. The pair is having a support at 1.5625 along with a resistance at 1.5810, and it is still trading in the oversold area according to the four hour stochastic oscillator. However, a report concerning British public finance is on queue today that may move the pair.
Finally, the dollar yen pair is consolidating between a high of 91.15 and a low of 90.87, and the pair is currently trading around 90.95. Today's resistance could be found at 91.60, while the support could be found a 90.10, and the daily stochastic oscillator is supporting the upside. The U.S PPI and data concerning the labor market are one queue today that may move the market.