By TraderVox.com
The focus once again was back on the Greek deal. The delay on sealing the Greek deal continues to frustrate the markets. Euro got punished for the lack of development from Greece. It has erased all of the gains of the day and is currently down quarter a percentage at 1.3225. The low for the day till now is 1.3220. Market was expected to reach 1.3400 levels on the hopes of some action on the ground. The more delay will continue to hurt even more. The support now will be seen at 1.3230 and below at 3100. The resistance may be found at 1.3270/80.
US dollar is gaining the levels across the board. Although the USD/JPY pair has failed to hold on the 77 levels, it is still trading in green at 76.87, up about 0.15% for the day. The support may be found at 76.80 and resistance will be seen at 77 and above at 77.10 levels.
USD/CHF continues to trade in a tight range even in the US session. The pair formed a low of 2 months at 0.9105. It is now trading near the high at 0.9130, marginally up from yesterday’s close. The support will be found at 0.9115 and 0.9070. The resistance may be seen at 0.9150 and above at 0.9200.
The Australian dollar also followed the suite of US dollar strengthening. It lost an important 1.0800 levels and is currently trading at 1.0775, down about 0.37%. The pair has retraced back from a six month high of 1.0844. The support may now be found at 1.0750. The resistance now lies at 1.0800 levels.
The US dollar index has come off the lows and is now trading at 78.76. The high for the day so far is 78.82.
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