By TraderVox.com
Tradervox (Dublin) – Euro made a fresh high of the month yesterday at 1.3366 but today it traded in red. During the Asian it spent most of the time in consolidation. During the European session the single currency is threatening the 1.3300 levels. It is currently trading around 1.3320, down about 0.27% for the day. The support may be seen at the current levels and below at 1.3260. The resistance may be seen at 1.3360. The GFK consumer confidence survey from Germany came below expectation at 5.9. The consensus was 6.1.
The Sterling pound failed to break the 1.6000 levels as it reached a high of 1.5997, during the European session. This high was last visited in the month of November last year. The cable is currently trading around 1.5963, marginally down for the day. The resistance may be seen at 1.6000 while the support may be seen at 1.5920 and below at 1.5860. UK CBI distributive trades survey came above expectation at 0% against the consensus of -6%.
The USD/CHF held the 0.9000 levels as it printed a low of 0.9014. It is currently trading around 0.9038, up about 0.12% for the day. The support may be seen at 0.9010 and below at 0.8960. The resistance may be seen at 0.9060 and above at 0.9100. UBS consumption indicator came at 0.87.
US dollar has regained the level of 83 against the Japanese Yen as it prints a fresh high of 83.21. It is currently trading around 83.11, up about 0.37% for the day. The resistance may be seen at 83.40 and above at 83.80. The support may be seen at 82.90 and at 82.50.
The Australian dollar also lost against the US dollar as it is a US dollar is strengthening in most of the pairs. The Australian dollar is losing ground in European session as it forms a low of 1.0494. The pair is trading near the low at 1.0512, down about 0.20% for the day. The resistance may be seen at 1.0560 and at 1.0600. The support may be seen at 1.0500 and below at 1.0450.
The US dollar index is trading around 79.13.
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