By TraderVox.com
Tradervox (Dublin) – The downturn in Euro took a breather today with the single currency trading comfortably above 1.3000 levels. It is currently trading near its high around 1.3060, up about quarter of a percent for the day. The support may be seen at 1.3040 and below at 1.3000. The resistance may be seen at 1.3060 and above 1.3100. The employment data from EMU showed a drop of 0.2% in the fourth quarter.
Fitch downgraded UK yesterday but it looks like the cable has discounted the event as it trades in green. It is currently trading around 1.5683, up about a tenth of a percent. The resistance may be seen at 1.5800 and above at 1.5870 levels. The support may be seen at 1.5760 and below at 1.5700 levels.
USD/CHF has come off the recent highs and has come below 0.9300 levels. The pair is trading around 0.9265, down about 0.40% for the day.The support may be seen at 0.9250 and below at 0.9200 levels. The resistance may be seen at 0.9300 and above at 0.9350. Earlier SNB kept the interest rate decision unchanged as widely expected.
USD/JPY printed a fresh high of 84.16 today but soon lost the recent gains as it has come below 84 levels. The pair is currently trading around 83.46, down about 0.28% for the day. The resistance may be seen at 83.80 and 84.30. The support may be seen at 83.30 and below at 83.
The Australian dollar has regained the 1.0500 levels as it prints a high of 1.0528. The pair is trading around 1.0512, up about 0.60% for the day. The support may be seen at 1.0500 and below at 1.0450. The resistance may be seen at 1.0560 and 1.0060 levels. The US dollar index has come off the highs and has come below 81 levels. It is currently trading around 80.77.
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