US dollar regains the lost ground

By TraderVox.com

Tradervox (Dublin) – Euro recovered some of the losses of the day in the US session. But the poor manufacturing data from US sent the single currency to print a fresh low of the day at 1.3216. Richmond Fed manufacturing index came at 7 against the expected vaalue of 18. The pair is currently trading at 1.3234, down about 0.17% for the day. The support may be seen at 1.3320 and below at 1.3260. The resistance may be seen at 1.3360 and above at 1.3400. Fed’s Barnake is going to speak ahead during the day and it will be a closely watched event.

The Sterling Pound is trading around 1.5967, almost flat for the day. The pair went closer to the low of the day at 1.5940 and it has come off the lows. The resistance may be seen at 1.6000 while the support may be seen at 1.5920 and below at 1.5860.

The USD/CHF pair has been trading in a consolidated range above the 0.9000 levels at 0.9036, up about 0.11% 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.

The USD/JPY has broken out of 83 range during the European session but it has failed to break the strong resistance at 83.40. The pair is trading 83.15, up about 0.42% for the day. It printed a fresh high of 83.37 during the US session. 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 has given back the 1.0500 levels during the US session against the US dollar. It printed a fresh low of 1.0472. The pair is currently trading around 1.0488, down about 0.43% for the day. The support may be seen at 1.0475 and below at 1.0430 levels. The resistance may be seen at 1.0500 levels and above at 1.0550.

The US dollar index went below the 79 levels to print a low of 78.90 but has come off the lows and is currently trading around 79.20. The US dollar seems to have strengthened in all the pairs.

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