The euro fell against the green currency in today's Asian session, while the pound and the yen are consolidating. The market witnessed correctional movements after majors rallied yesterday backed by rising risk appetite among investors that encouraged traders to target the high yielding currencies. The USDIX inclined slightly recording a high of 75.52 and a low of 75.29.
The euro dollar pair fell today recording a low of 1.4914 and a high of 1.4967, having the union currency trading around 1.4925. Yesterday the pair extended its gains against the green back breaching the 1.4960 levels then getting back to the 1.4925 levels. Today the pair is having a support at 1.4880 along with a resistance at 1.4975. In case the pair breached the support, we may see it trading around 1.4825. The euro zone's trade balance will be released today that will affect the pair's trades, having in mind that the pair is trading in an overbought area according to the daily momentum indicators.
Regarding the pound dollar pair, it is consolidating between 1.6400 and 1.6310 recording a low of 1.6319 and a high of 1.6398, having the royal pound trading around 1.6335. The pair extended its gains yesterday as it rallied from the 1.6000 levels to the 1.6330 levels and today it is having a resistance at 1.6390 along with a support at 1.6300. If the pair breached the resistance it will target 1.6445. Yet, the daily stochastic oscillator is supporting the upside.
Finally, dollar yen pair is consolidating between 91.00 and 90.50 recording a high of 90.94 and a low of 90.57. The pair is having a resistance at 91.20 along with a support at 90.45. The pair may incline today according to the four hours stochastic oscillator, and if it broke the resistance it will target 91.75. The U.S industrial production is on queue today that may affect the currencies market.