By TraderVox.com
Tradervox.com (Dublin) – Euro traded in a tight range of 30 pips for most part of the Asian session. But after the BoE minutes, the pair has given up the gains of the day and has come close to opening price of the day. The single currency is trading around 1.3240 almost flat for the day. The resistance may be seen at 1.3260 and above at 1.3300 levels. The support may be seen at 1.3200 and below at 1.3160 levels.
The Sterling Pound rose above the 1.5900 levels to print a fresh high of 1.5921. But it plunged almost 70 pips in an hour after the BoE minutes. It is currently trading around 1.5858, marginally down for the day. The support may be seen at 1.5800 and above at 1.5870 levels. The resistance may be seen at 1.5900 and above at 1.5970 levels. Public sector borrowing rose to 12.9 billion pounds against the estimated 5 billion pounds.
USD/CHF has come above the 0.9100 levels after going as lowe as 0.9075. The pair is trading around 0.9105, almost flat for the day. The support may be seen at 0.9100 and below at 0.9080 levels. The resistance may be seen at 0.9150 and above at 0.9200.
USD/JPY has again taken out the level of 84 and is eying upwards. It is currently trading around 84.02, up almost 0.40% for the day. The recent high is 84.16 and breaking of the high remains very much on the cards. The support may be seen at 83.80 and below at 83.30 The resistance may be seen at 84.40 levels.
Australian dollar continues to be under pressure as it trades below 1.0500 levels at 1.0464, down about a tenth of a percent.The support may be seen around 1.0450 and at 1.0400 while the resistance may be seen at 1.0500 and above at 1.0560 levels.
The US dollar is trading around 79.77.
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