The euro and the pound dropped against the green currency in today's Asian session. The yen also fell slightly after it reached the highest level in eight months against the dollar yesterday. The USDIX inclined recording a high of 77.24 and a low of 76.51.
The euro dollar pair declined recording a low of 1.4563 and a high of 1.4712, having the 16 nation's currency trading around 1.4590. The pair fell from the 1.4700 levels back to the 1.4560 levels to have a support at 1.4530 along with a resistance at 1.4665. The pair may show further declines today to breach the support and target 1.4475. However, the daily stochastic oscillator is supporting the downside.
Regarding the pound dollar pair, it fell today recording a low of 1.5768 and a high of 1.5888, having the royal pound trading around 1.5835.Today the pair is having a support at 1.5750 along with a resistance at 1.5880. The pair is trading in an oversold area according to the daily momentum indicators we may see the pair breaking its support and trading near the 1.5700 levels today.
Finally, the dollar yen pair inclined today after yesterday's drop when the yen reached the highest level in eight months against its American counterpart. The pair recorded a high of 89.58 and a low of 88.68. Today the pair is having a resistance at 89.85 along with a support at 88.85. In case the resistance was breached we may see the pair getting back to the 90.55 levels. Yet, the four hours stochastic oscillator is supporting the upside.