Majors declined against the dollar in today's Asian session after the pessimistic fundamentals released yesterday from the U.S as the ISM non manufacturing composite unexpectedly declined.
The euro dollar pair declined recording a low of 1.5045 and a high of 1.5065, having the 16 nation's currency trading around 1.5050. The pair is having a support at 1.5020 along with a resistance at 1.5080 and if it breached the support, the pair may fall back to the 1.4980 levels. However, the pair is expected to show further declines according to the four hour stochastic oscillator.
Regarding the pound dollar pair, it fell slightly recording a low of 1.6519 and a high of 1.6554, having the royal pound trading around 1.6535. The pair is having a support at 1.6495 along with a resistance at 1.6590. If the support was breached, the pair will be trading around 1.6445. However, the pair is trading in an oversold area according to the four hour momentum indicators.
Finally, the dollar yen pair is consolidating between 88.40 and 87.90 recording a high of 88.35 and a low of 87.98. Today's support could be found at 87.80, while the resistance could be found at 88.50. Yet, the U.S unemployment rate will be released today and it tends to move the market on release.