Losses for the dollar during the Asian session

By @ibtimes on

The dollar fell to its lowest in two weeks against the euro and other majors, on expectations the housing data from the US today might be negative, which could determine the Feds to maintain interest rates low for a prolonged period.

The euro dollar pair rose today trading around 1.3233 after recording the highest at 1.3253 and the lowest at 1.3186. The pair now faces a resistance at 1.3300, while daily momentum indicators give buying signs, yet the four hour indicators show the pair in an oversold area.

The pound dollar pair rose today trading around 1.5474 after recording the highest at 1.5487 and the lowest at 1.5440. The pair now faces a resistance at 1.5500, while daily momentum indicators show the pair in an oversold area that might support an upside movement.

The dollar/yen pair fell sharply during today's Asian session trading around the 82.44 level, recording the lowest at 82.40 and the highest at 82.76. On the other hand the pair faces a support at 82.30, while momentum indicators show the pair in an oversold area which might weaken the pair's fall.

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