The U.S. markets are closed as a result of Martin Luther King Day resulting in calm markets and weak trading taking place especially as major economies lack major economic data. The U.S. Dollar Index, which usually measures strength of the dollar versus six major currencies, is currently traded at 77.11 while recording a high of 77.38 and a low of 77.09.
The euro dollar pair is consolidating between the support of 1.4335 and the resistance of 1.4430 at 1.4386 while recording a high of 1.4393 and a low of 1.4334. The volume indicator on the one-hour charts are showing us that there is low volume in the markets while the momentum indicators support the fact that there is a sideways wave.
As the United Kingdom lacked main fundamental data, we see the GBP/USD is currently traded at 1.6327 while recording a high of 1.6378 and a low of 1.6248 as there is a support at 1.6240 and a resistance at 1.6410. The one-hour charts also here provide us that there is low volume in the markets.
Turning to the dollar yen pair, also there are weak movements in the market while the pair is traded at 90.78 between the support of 90.40 and the resistance of 91.20 as so far the pair recorded a high of 91.05 and a low of 90.61.