By TraderVox.com
Euro continued its slide against the US dollar during the US session. Important data from US came as disappointing. The expected retail sales were expected to grow at 0.7% but the actual data came at 0.4%. The single currency lost the 1.3150 levels and printed a low of 1.3126. The low for the day of 1.3127, formed during the European session is almost respected. It has since then come above the 1.3150 and is currently trading around that level still down quarter a percent. The support may be seen at1.3100 and below at 1.3050. The resistance may be seen at 1.3250 and above 1.3210.
Sterling pound also lost ground against the US dollar. It has come again below 1.5700 levels and formed a fresh low of 1.5660 during the US session. Currently it has cove near the 1.5700 levels down half a percent for the day. The support may be seen at 1.5690 and below at 1.5650. The resistance may be seen at 1.5700 and above at 1.5730.
The US dollar is gaining against the Japanese Yen after the Bank of Japan’s announcement this morning. The pair is approaching the 78.50 levels up more than a percent for the day. The pair is looking bullish and can eye 79 levels. The support may be seen at 78.30 which is a strong support and down at 77. The resistance may be seen at 78.70.
As expected the US dollar is gaining against the Swiss frank on this risk aversion day and is hitting the 0.9200 levels. The high for the day so far is 0.9202 which is also a one week high. The resistance may be seen around 0.9210 and above at 0.9250. The support may be seen at 0.9150/60 and below at 0.9100.
The Australian dollar also lost against the US dollar during the US session and is currently trading below 1.0700 levels at 1.0690, down about 0.40% for the day. The support may be seen at 1.0670 and below at 1.0640. The resistance may be seen at 1.0700 and at 1.0740/50 levels.
The US dollar index has gained levels and comfortably trading above 79 levels at 79.42.
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