Euro is gaining the levels on the back of Ben Barnake’s speech who again expressed concerns over slow recovery of US. The single currency is has come above 1.3000 levels and approaching the opening price of the day. The pair is still down 0.20% for the day. The resistance may be seen at 1.3070/80 and above at 1.3110. The support may be seen at 1.3000 and below at 1.2950.

The sterling pound also gained against the greenback after Ben Barnake’s speech and rose above 1.5700 levels. While Euro is still trading in red, the pound is up 0.35% against the US dollar. The pair is trading around 1.5750. The high for the day so far is 1.5766. The resistance may be seen at 1.5770 and 1.5800. The support may be seen at 1.5730 and below at 1.5700.

The USD/CHF also plunged as a general US dollar weakening trend this evening. Earlier the pair failed to take out 0.9300 levels. But during the US session, the pair retracted today’s gains and is currently trading around 0.9260, still up about quarter a percent for the day. The support may be seen at 0.9250 and below at 0.9200. The resistance may be seen at 0.9300.

The Australian dollar also gained against the US dollar. The pair has come above the 1.0700 level during the US session. The pair is approaching the high of 1.0739, formed during the Asian session after positive unemployment data from Australia. The pair may face a resistance at 1.0740 and above at 1.0800 levels. The support may be seen at 1.0700 and below at 1.0650.

The USD/JPY pair continued its rise during the US session. Better unemployment data came from US today. The unemployment claims dropped to 348k against the expected value of 365k. The US dollar is approaching the 79 levels and is trading near 78.85. The high for the day is 78.93. The resistance may be seen at 79 and above at 79.40/50. The support may be seen at 78.50.

The US dollar has came below the 80 levels and is currently trading near the opening price of 79.85.