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Dollar gains together with treasury yields


The dollar rose to a six-year high against the yen

The dollar rose to a six-year high against the yen today while the Australian dollar plunged as US Treasury yields continue to rise on increasing market expectations regarding an interest rate rise by the Federal Reserve. Usd/jpy gains around 0.45% today reaching 106.77 while the aud/usd lost 0.65%. On another front, rumours about another poll regarding Scotland’s independence sent the pound violently lower, reaching 1.6050 but it quickly recovered when it was revealed that it was just a web poll which was answered by few people. Eur/usd is stable today, trading around opening levels as traders’ attention is elsewhere.
Technical Analysis
Resistance 2 1.2990 1.6185 0.8095 107.25 138.45 1.2120 0.9230
Resistance 1 1.2960 1.6160 0.8065 107.00 138.25 1.2100 0.9210
Market   1.2925 1.6130 0.8015 106.70 137.90 1.2070 0.9135
Support 1 1.2860 1.6060 0.7980 106.05 137.35 1.2045 0.9080
Support 2 1.2790 1.6005 0.7935 105.40 136.65 1.2000 0.9000

 Daily Chart:
Price has broken important support at 0.9210 and looks heavy. A retracement to around 0.9200 could attract more sellers while there isn’t any strong support until 0.8980-0.9000.

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