US dollar flat in a low thin trading day

By TraderVox.com

Tradervox (Dublin) – Its an Easter Monday and the markets are showing very little movements. The downward movement in Euro took a breather today as it holds the 1.3000 level and is currently trading around 1.3076, down about 0.20% for the day. The pair is trading in a tight range of 55 pips. The low for the day is 1.3032 formed during the Asian session.

The support may be seen at 1.3050 and below at an imortant psychological level of 1.3000. The resistance may be seen at 1.3100 and above at 1.3150.

The Sterling Pound is also trading in a narrow range of 50 pips in a thin trading day due to holiday. It is currently trading at 1.5868, down about 0.14% for the day. The support may be seen at 1.5830 and below at 1.5760 levels. The resistance may be seen at 1.5880 and above at 1.5940 levels.

USD/CHF is also trading in a range of 37 pips and marginally in green. It is presently being quoted at 0.9188, up about 0.22% for the day. The support may be seen at 0.9150 and below at 0.9100. The resistance may be seen at 0.9210 and above at 0.9260.

USD/JPY is trading in red albeit marginally at 81.35, down about 0.20% for the day. The support may be seen at 81.20 and below at 80.80. The resistance may be seen at 81.70 and above at 82.50.

Australian dollar is trading around 1.0296, almost flat for the day. The pair recovered from the lows of the day at 1.0256 on the back of better Chinese CPI data. CPI data came at 3.6% against the expected CPI of 3.4% year over year. The support may be seen at 1.0250 and below at 1.0200 levels. The resistance may be seen at 1.0350 and above at 1.0400.

Dollar index is trading around its opening price at 80.08. There are no major data releasing today due to holiday across the world. Hence the activity in the markets is seen on the lower side.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management.

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox