This week started with the dollar weakening against major currencies, after pessimistic fundamentals we witnessed last week about the labor market in the U.S as it showed employers shed about 85 thousand jobs opposing forecasts. The USDIX declined in today's Asian session to record a low of 76.91 and a high of 77.46, while it is currently trading around 77.00.
The euro dollar pair inclined in today's Asian session to record a high of 1.4532 and a low of 1.4462, having the euro trading around 1.4508 between 1.4430 levels and 1.4510 levels. The pair is trading in an overbought area according to momentum indicators on the four hours charts. The pair is anticipated to trade between 1.4620 and 1.4360.
As for the pound dollar pair, it gained in today's Asian session to record a high of 1.6106 and a low of 1.6062, having the pair trading around 1.6094 between 1.6055 levels and 1.6140 levels. The pair is trading in an overbought area according to momentum indicators on the one hour and four hour charts. The pair is expected to be trading between a resistance of 1.6240 and a support of 1.6055, and if the support was breached, we may see the pair falling back to the 1.5950 levels.
Finally, the dollar yen pair is consolidating between 91.90 and 92.50 recording a low of 92.16 and a high of 92.44, having the pair trading around 92.29. The four hour momentum indicators are saying the pair is trading in an oversold area, and the pair is having a support at 90.75 along with a resistance at 92.75.