FXstreet.com (Barcelona) - Dollar decline from intra-day high at 90.40 has extended below 89.70 support as U.S. Trade deficit widened above expectations, wand the pair hit 89.45 session low although it managed to bounce, returning to levels above 89.65/70.

At the moment, the Dollar trades above 89.60/70 (Nov 10 and 12 lows), and in case of further declines, next support levels could be at 89.40 and 89.15/30 (Nov 2 and 11 lows). On the upside, resistance levels lie at 90.40 session high, and above here, 90.60 (Nov 12 high) and 90.85 (Nov 6 high).

U.S. deficit in goods and services trade with the rest of the world has widened to $36.5 Billion in September from $30.8 Billion in August, well beyond the market consensus of a $32.0 Billion trade gap.

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