The U.S Dollar Trading Mixed
The EURUSD Fails to Increase Above 1.3600
There is no any progress in the EURUSD. The pair has tested the support near 1.3545, and then increased to 1.3597 and returned to the support. Thus, the situation remains the same. The growth and ability to be consolidated above 1.3600 will confirm upside potential retention. The loss of the support near 1.3475 will open a way to the 34th figure. If U.S. lawmakers reach a compromise, this may trigger a sharp decline in the pair’s rate, but, most likely, it can be considered as a possibility to buy EURUSD.
The GBPUSD Trading Below 1.6000
The situation both in the GBPUSD and the EURUSD is the same. Yesterday the pair was traded within a narrow range, being unable to develop a movement in one or another direction. The inability to rise and be consolidated above 1.6000 may trigger a more deep descending correction, the support near the level of 1.5766 may become its aim. In order to reach it the bears should break through the area of supports at 1.5915—1.5873. A growth above 1.6018 will give the GBPUSD bulls confidence.
The USDCHF Sticks in the 91st Figure
The USDCHF still cannot break away from the 91st figure. The pair has decreased for a while to 0.9063, but demand for it preserves and it has increased to 0.9114. Thus, the range has been formed here, its breakout is necessary for the further movement direction marking. Consequently, a rise above 0.9130 will open a way to 0.9200—0.9220 and a fall above 0.9063 will give the bears a possibility to test the 90th figure.
Demand For The USDJPY Remains
Despite the current situation in the U.S. the USDJPY continues to be in demand. Yesterday, after a decline to 98.09 the pair was purchased, which allowed the rate to increase to 98.70. Here buying interest dried up and the dollar fell back to 98.39. As in other currency pairs, the situation in the USDJPY had not changed yesterday. We can only point to remained sustainable demand for the dollar, but if the pair fails to overcome the 99th figure, the bears may return to the market, and then the support around 97.00-96.56. would be at risk again.
