By TraderVox.com
Recent rout of the single currency got some breather today but it failed to gain levels. It only managed not to slide till now. It is currently trading around 1.3125, up about 0.10% for the day. The support may be seen at 1.3210 and below at 1.3160. The resistance may be seen at 1.3260 and 1.3300. Factory orders from Germany came below the expectation at -2.7% month over month. The expected value of 0.5%.
The Sterling Pound is also trading in green albeit marginally for 0.07% for the day. It is curently quoting around 1.5725. Yesterday it fell below 1.5700 levels during the US session briefly. The tone in the pair is bearish. The support may be seen at 1.5820 and 1.5780/90 levels. The resistance may be seen at 1.5880 and 1.5930 levels.
The USD/CHF pair has come off the lows and is currently trading near the opening price at 0.9180, down about 0.1% for the day. The support may be seen at 0.9150 and below at 0.9110. The resistance may be seen at 0.9180/90 and above at 0.9250 levels. The unemployment rate came at 3.4% in line with the expectation.
The USD/JPY is approaching the 81 levels from the low of` 80.57. It is currently trading around 80.70, still down about 0.23%. The support may be seen at the current levels and below at 80.35. The resistance may be seen at 80.90 and 81.40 levels. Leading economic index came below expectation at 94.9 below expectation of 95.1. The coincident index also came at 93.1, below expectation of 95.
The AUD/USD is trading around 1.0555, marginally up for the day. The pair has lost the 1.0600 handle and the bearish outlook is very much in tact. The support now may be seen at 1.0500 and below at 1.0450. The resistance may be seen at 1.0590/0600 and 1.0650 levels.
The US dollar index is trading around 79.80.
Article provided TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox
