US dollar records gains against all the currencies

By TraderVox.com

Tradervox (Dublin) – The single currency was under the pressure throughout the day against the US dollar as it gives up the 1.3200 levels. The pair is trading around 1.3180, down about 0.43% for the day. The support may be seen at 1.3160 and below at 1.3100. The resistance may be seen at 1.3200 and above 1.3260.PPI data from Germany came below expectation at 0.4%. Analysts expected it to be at 0.5% month over month.

The Sterling Pound is trading around 1.5835, down about a third of a percent for the day. The support may be seen at 1.5810 and below at 1.5760. The resistance may be seen at 1.5870 and at 1.5900 levels. Major data came from UK today including CPI and retail price index. CPI came above expectation at 0.6% against the expected value of 0.5%. Retail price index also beat the expectation at 0.8%. Consensus was 0.6% month over month.

The USD/CHF pair is trading around 0.9144, up about a third of a percentage for the day. The resistance may be seen at 0.9150 and above at 0.9200. The support may be seen at 0.9125 and 0.9100 levels. Industrial production of Switzerland came at 7.9% well above expectation of 0.4% quarter over quarter.

USD/JPY is approaching the 84 levels again as it trades around 83.70 up about 0.38% for the day.The resistance may be seen at 84.10 and above at 84.60. The support may be seen at 83.30 and below at 83.

The AUD/USD has been hammered today with it plunging below the 1.0500 levels. It is trading around 1.0487, down more than a percent for the day. The support may be seen at 1.0450 while the resistance may be seen at 1.0500 and above at 1.0560.

The US dollar index is trading around 80.

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