Markets in the U.S. fell today from a 4-month high and the dollar strengthened across the board. Dow Jones ended at 8418 points; a fall of 1.82%. Nasdaq and S&P fell 0.45% and 2.15% respectively. Dollar recovered part of last week losses. Greenback recovered strength after the closing bell in Wall Street and started to head toward today’s highs.
EUR/USD after fighting at 1.3600 fell broking support at 1.3580. Current price is 1.3474 down 0.58% from opening price. Next support zone lies at intra-day low at 1.3555 next level to consider is 1.3535.
The pound also weakened to the dollar for the day. During the American session GBP/USD was able to recover part of early losses but failed to break resistance at 1.5170 and has fallen since then. Actual price is 1.5103. So far today GBP/USD falls 0.83%.
USD/CHF rose today after reaching a new 4-month low at 1.1020 during the Asian Session. The recovery of dollar against the Swiss Franc reached an intra-day high at 1.1104 near current price. The pair is now testing resistance zone at 1.1105.
The dollar also got stronger against commodities currencies. AUD/USD fell below 0.7600 after moving in a downtrend all day. USD/CAD rallied today from 5-month lows at 1.1460 to 1.1672.
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