The federal currency extended its gains against major currencies in today's Asian session ahead of a series of major fundamentals from the euro area and the U.S. The USDIX that tracks the dollar's strength against a basket of currencies rose today recording a high of 80.57 and a low of 80.28, while it is currently trading around 80.55.
The euro dollar pair declined to record a low of 1.3590 and a high of 1.3649, while it is currently trading around 1.3605. The pair met the 1.3655 levels that was a major resistance to push the way down again, having momentum indicators on the four hour charts supporting the downside. The pair is having a support at 1.3510 along with a resistance at 1.3720, and the euro zone's unemployment rate is on queue today that may affect the pair.
Regarding the pound dollar pair, it declined as well to record a low of 1.5142 and a high of 1.5202, having the royal currency trading around 1.5160. The pair is having a support at 1.5100 along with a resistance at 1.5280, and further declines are anticipated according to the daily stochastic oscillator. The British net consumer credit will be released today and it may move the royal currency.
Finally, the dollar gained against the Japanese yen after the pair declined sharply last week as traders targeted the low yielding yen. The pair recoded a low of 88.80 and a high of 89.19, while it is currently fluctuating around 89.10. Today's resistance could be found at 90.10, while the support could be found at 88.20, and if the pair breached the resistance, it may jump to the 90.50 levels. Today we are waiting for a report concerning consumer income and spending in the U.S, and it tends to move the market on release.