The dollar in the markets is still pressured from Friday's non-farm payrolls while there is weak trading in the markets and low volume as a result of major economies lacking important economic data. The Dollar Index, which usually measures strength of the dollar versus six major currencies, is currently traded at 76.95 while recording a high of 77.30 and a low of 76.92.
The euro dollar pair is consolidating between the support of 1.4435 and the resistance of 1.4515 currently trading at 1.4501 while the momentum indicators on the one-hour charts are providing us with a sideways wave. The pair so far recorded a high of 1.4520 and a low of 1.4452 while the volume indicator on the one-hour chart is supporting the fact that there is low volume in the markets.
From the United Kingdom, we saw that the trade deficit narrowed as a result of higher exports led from the weak pound, which therefore supported the pound to gain slightly against the federal currency. The pair is currently traded at 1.6162 recording a high of 1.6171 and a low of 1.6061 while for the pair also, we see a support at 1.6085 and a resistance at 1.6190. The momentum indicators here on the one-hour charts, are showing us that the pair is being traded close to an overbought area.
The yen is climbing in the markets versus the dollar as China wants banks to have more reserves therefore lowering the demand for higher-yielding assets which supports the rise of the yen. The USD/JPY is being traded at 91.13 between the support of 90.35 and the resistance of 92.25 while recording a high of 92.42 and a low of 91.11. The momentum indicators on the one-hour charts are showing us that the pair is being traded in an oversold area.