The U.S. Dollar fell against a basket of currencies to within sight of recent lows on Tuesday as Gold hit a new high and Oil prices strengthened. The USD and commodities are often inversely correlated, with Gold and Oil priced in dollars and seen as an alternative currency and hard asset themselves. Ahead of U.S. corporate earnings figures and speeches from Federal Reserve officials later in the day, currency investors continued to speculate about when the U.S. central bank will tighten its monetary policy, thus putting more pressure on the U.S currency.

EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trendupupdowndownupdown
Weekly Trendupupdowndownupup
Resistance1.49651.607590.001.02750.92450.9440
1.49351.603089.751.02500.92050.9395
1.49001.600089.501.02250.91800.9365
Support1.48501.592088.851.01700.91150.9300
1.48201.587588.501.01400.90850.9375
1.47901.583088.201.01150.90500.9345