Major currencies continued to weaken against the federal currency in today's Asian session, having the USDIX recording a high of 82.29 and a low of 81.77, while the index is currently trading around 82.25. The U.S personal income is on queue today and it tends to move the dollar on release.
The euro dollar pair declined in the Asian session recording a low of 1.3206 and a high of 1.3312, having the union currency trading around 1.3215 between the 1.3175 levels and 1.3225 levels. The four hour stochastic oscillator is supporting the downside, and today's trading range shall be between 1.3265 levels and 1.3115 levels. However, the euro zone's PMI Manufacturing is on queue today that may affect the pair.
Regarding the pound dollar pair, it dropped as well to record a low of 1.5233 and a high of 1.5308, having the royal currency trading around 1.5242 between the 1.5215 levels and 1.5270 levels. The pair is expected to be trading between 1.5350 levels and 1.5190 levels, and if the support was breached, the pair may fall back to 1.5160. Moreover, the pair may show further declines today, according to the four hour momentum indicators.
Finally, the dollar yen pair recorded a low of 93.83 and a high of 94.13, while the pair is currently trading around 93.95 between the 93.60 levels and 94.00 levels. Today, the pair is anticipated to be trading between 94.80 and 92.80, and if the support was broken, the pair may decline to 92.25. Yet, the pair is trading in the overbought area, according to the daily stochastic oscillator.