Major currencies fell against the federal currency in today's Asian session for the third straight day, ahead of the euro zone's GDP that is on queue today and it is expected to show the union's economy grew in the first quarter of this year. The USDIX that tracks the dollar's strength against a basket of currencies inclined to record a high of 84.84 and a low of 84.56, while the index is currently trading around 84.82.
The euro dollar pair fell slightly in the Asian session recording a low of 1.2664 and a high of 1.2615, having the union currency trading around 1.2625. The daily momentum indicators are suggesting further declines today and the pair is expected to be trading between the 1.2700 levels and the 1.2560 levels, and if the pair breached the support, it will decline to the 1.2510 levels.
Regarding the pound dollar pair, it dropped in the Asian session recording a low of 1.4859 and a high of 1.4963, having the royal currency trading around 1.4870. The pair is having a support at 1.4755 along with a resistance of 1.4980, and the pair is trading in the overbought area according to the four hour stochastic oscillator. However, BOE quarterly inflation report is on queue today that may move the pair.
Finally, the American dollar fell against the yen for the second straight day recording a low of 92.44 and a high of 92.92, and the pair is currently trading around 92.50. Today's support could be found at 91.80, while the resistance could be found at 93.30, and the pair is anticipated to show further declines according to the one hour momentum indicators.