By TraderVox.com
The unemployment data from US came better than expected. The labor department announced that 227k jobs were added in the month of February as opposed to the expected jobs of 210k. In response to this, Euro fell massively against the US dollar soon after the non farm payroll. It has printed a low of day's low at 1.3105. It is battling against the 1.3100 levels.
The pair is down about 1.21% for the day. The support may be seen at 1.3080 and below at 1.3000 levels. The resistance may be seen at 1.3160 and above 1.3220.
The pound also got hammered heavily after the non farm payroll to a low of 1.5664. The pair is currently trading around 1.5687, down about 0.92% for the day. The support may be seen at 1.5650 and below at 1.5600. The resistance may be seen at 1.5700 and 1.5750.
The USD/CHF pair is approaching the 0.9200 levels on the back of positive employment data. The pair is currently trading around 0.9193, up about 1.25% for the day. The resistance may be seen at 0.9200 and above at 0.9250. The support may be seen at 0.9150 and below at 0.9125 levels.
The surge of US dollar against the Japanese Yen contiunes and the pair has printed a high of 82.50, the level last seen in the month of April last year. The resistance may be seen at 82.65 and 83 levels while the support may be seen at 82.20 and below at 81.90 levels.
The Australian dollar is trading around the 1.0600 levels, down about 0.40% for the day.The resistance may be seen at 1.0650 and above 1.0700 while the support may be seen at 1.0600 and 1.0560 levels.
The US dollar index is printing the fresh highs as it has taken out the 80 levels. The index is trading around 80.04 near the high.
Article provided TraderVox.com
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