The euro and the pound gained in today's Asian session after the dollar rebounded yesterday taking a correctional move after reaching a 14 month low against the euro. The USDIX declined recording a low of 75.89 and a high of 76.10.
The euro dollar pair inclined in today's Asian session recording a high of 1.4906 and a low of 1.4848, having the 16 nation's currency trading around 1.4895. The dollar weakened in today's Asian session after a correctional move it took yesterday rebounding from a 14 month low against the euro. The pair is having a resistance at 1.49315 along with a support at 1.4845. In case the pair breached the resistance we may see it trading near the 1.4985 levels. However, the pair is trading in an oversold area according to the four hour momentum indicators.
As for the pound dollar pair, it gained recording a high of 1.6350 and a low of 1.6284, having the royal currency trading around 1.6350. The pair is having a resistance at 1.6400 along with a support at 1.6280. The pair is expected to gain further according to the one hour stochastic oscillator so we may see the pair breaking the resistance and targeting 1.6455 levels.
Finally, dollar yen pair is consolidating between 92.35 and 91.90 recording a high of 92.31 and a low of 91.99. The pair is having a support at 91.75 along with a resistance at 92.35. The U.S consumer confidence will be released today that will move the market on release and if the pair breached the support it may fall back to the 91.15 levels.