The euro weakened against the dollar, while the pound is still climbing and breaking more resistance levels ,the USDIX inclined today, reaching a high of 77.48. The euro dollar pair declined after recording a high of 1.4429 and a low of 1.4378 , The pair is having a resistance at 1.4470, along with a support at 1.4330. The general trend is to the upside and it is expected that the pair will break the resistance to target 1.4500.
the pound dollar pair, it is still climbing since yesterday, the pair breached resistance levels at 1.6800 and 1.6900 and today, it recorded a high of 1.7001 and a low of 1.6923 , the pound trading around 1.6945. The pair is having resistance at 1.7000 and a support at 1.6835 , according to the stochastic oscillator on the daily charts, the pair is trading in an overbought area.
Finally, the dollar yen pair is consolidating between 95.50 and 95.00, reaching a high of 95.45 and a low of 95.08. The pair is having resistance at 95.75, along with a support at 95.00
In Australia Bank of Australia decided today to keep interest rates at 3.00%, the lowest in 49 years, for the fourth consecutive month Mr. Stevens said in his statement that the world economy started to show clear signs of stability, thanks for the global stimulus plans set by governments around the world that led to an improving outlook for the world economy.
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