By TraderVox.com
Tradervox (Dublin) – The single currency has come under the pressure during the US session as it formed a fresh low below 1.3100 levels at 1.3095. It has retreated a little from the lows and is currently trading around 1.3130, up about 0.15% for the day. The bearish outlook in the markets is posing the threat of losing the 1.3100 levels.The support may be seen at 1.3110 and below at 1.3080. The resistance may be seen at 1.3170 and 1.3220.
The sterling pound is trading around 1.5730,up marginalyl about 0.10%. Pound also lost against the US dollar during the US session although it has come off the lows of 1.5695 recently. Like Euro, the Pound is also under the pressure. The support may be seen at 1.5720 and 1.5700 levels. The resistance may be seen at 1.5760 and 1.5800 levels.
The USD/CHF pair is approaching the 0.9200 levels during the US session and it formed a high of 0.9200. It is a 3 week high for the pair. It has come off the high recently and is currently trading around 0.9160, down about 0.28% for the day. The support may be seen at 0.9150 and below at 0.9110. The resistance may be seen at 0.9180/90 and above at 0.9250 levels.
The US dollar is gaining against the Japanese Yen and is currently trading around 80.90, up marginally for the day. The pair is approaching the 81 levels. The support may be seen at 80.70 and below at 80.35. The resistance may be seen at 80.90 and 81.40 levels.
The Australian dollar slid against the US dollar and reached close to the 1.0500 levels. It is presently trading around 1.0570, up about 0.20% for the day. The support now may be seen at 1.0500 and below at 1.0450. The resistance may be seen at 1.0590/0600 and 1.0650 levels.
The US dollar index is trading around 79.75. It failed to break the 80 levels.
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