Dollar keeps steadier to start the session

Major currencies still mostly little changed

The greenback is keeping steadier for a second day running as it claws back some losses from last week, though the ranges for the day are still relatively narrow.

EUR/USD is down 0.1% to 1.1906 while GBP/USD backs away from a test of key near-term resistance levels yesterday here to settle around 1.3855-60 currently.

Elsewhere, AUD/USD is down nearly 0.3% to 0.7547 but rests in a 24 pips range so far on the day; though below its 200-day moving average @ 0.7558.

Sellers are keeping a defense of the 0.7600 level for now with downside support seen closer to the region around 0.7462-77.

There isn’t much for the market to work with for now though European equities are looking more positive after a flattish open while US futures are still mixed.

Invest in yourself. See our forex education hub.

Technical Analysis

Articles You May Like

Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
US Dollar holds steady after mixed NFPs
Gold prices slide to two-week low ahead of US NFP data
Gold Technical Analysis – The calm before the storm?
Brent rises 0.4% to $73/bbl after US jobs data, but heads for weekly drop

Leave a Reply

Your email address will not be published. Required fields are marked *