The Green currency resumed its decline against majors after today's news showing that U.S. trade gap swelled in February above expectations. The dollar index, a gauge of the dollar movements versus six major currencies, slipped to 80.34 from the day's opening at 80.55 while it is expected to get support at 80.07.
With regard to the euro-dollar pair, it is showing slight incline on the daily charts reaching 1.3614 after recording a high of 1.3627 and a low of 1.3554, where the coming support is seen at 1.3525 and next resistance is at 1.3670. The euro is still boosted by the 45 billion euros aid to Greece; however, concerns that Greece along with other highly-indebted European economies will not be able to tackle its deficit are still persisting.
As for the sterling-dollar pair, it rebounded to 1.5430 as trade deficit narrowed in February spurred by exports which rose the most in seven years. Also, house prices inclined in March giving another impetus to the sterling. Today, the pair reached a high of 1.5448 and a low of 1.5334 while it is expected to move between support at 1.5380 and resistance at 1.5455 then 1.5500.
Relative to the dollar-yen pair, it is moving downward on the daily charts but facing upside pressure from the 4-hour and 1-hour charts. The pair fell after breaching cluster resistance at 93.76 last week. Meanwhile, the pair is trading at 92.73 after reaching a high of 93.41 and a low of 92.55, whereas support is seen at 92.15 then 91.70 while resistance is at 93.35 then 93.75.