The currencies market consolidated in today's Asian session after the Australian economy released a report showing the nation's GDP growing in the third quarterless than forecasts and less than growth witnessed in the second quarter.
The euro dollar pair is consolidating between 1.4550 and 1.4515, recording a high of 1.4546 and a low of 1.4520, and the pair is currently trading around 1.4540. The pair is having a resistance at 1.4585 along with a support at 1.4500, and the pair is trading in an oversold area according to the daily momentum indicators. If the pair breached the support, it may fall back to the 1.4465 levels, from where there will be a chance to see the pair falling to 1.4410 levels. The euro zone's CPI will be released today that will affect the pair.
Regarding the pound dollar pair, it declined slightly recording a low of 1.6238 and a high of 1.6268, having the royal currency trading around 1.6245. The pair continued to move in sideways this week and today it is having a support at 1.6185 along with a resistance at 1.6285. It is anticipated that the pair will incline later today according to the daily momentum indicators, so it may break the resistance and jump to the 1.6355 levels. However, England's unemployment rate will be released today, which tends to affect the pair's trades.
Finally, the dollar yen pair is consolidating between 89.75 and 89.35, recording a high of 89.68 and a low of 89.41, having the pair currently trading around 89.45. Today's support could be found at 89.05, while the resistance could be found at 89.90, and the pair is expected to decline according to he four hour stochastic oscillator, so it may breach the support and decline to 88.60. Yet, CPI in the U.S is on queue today and it tends to move the market on release.