Jan. 20: American session
In the absence of major macroeconomic indicators, trading on the currency markets today is quite calm. Thus, the pair EUR/USD is consolidating in today's maximum, in the area of 1.3565. There is strong resistance level, from which the pair can turn down. We remind that the U.S. markets are closed today in connection with the celebration of Martin Luther King Day. GBP/USD pair has found support at 1.6420 mark, but bears currently adjusted seriously enough. Theremaybetesting 1.6410 supportor 1.6400 figure.
The pair USD/CHF has grown today to 0.9130 mark, but bears were stronger and reduced the rate to the level of 0.9090, where the pair consolidates at the moment. Sellers increased the pressure and for the pair USD/JPY. Prices failed to figure 104.00, but the support is formed slightly lower in 103.85.
The Australian dollar has strengthened a little against the U.S. dollar, returning to Friday's maximum - 0.8820. However, in the last hours AUD/USD pair has corrected to the figure 0.8800. New Zealander recovered more weakly, testing only a mark 0.8270. Immediately thereafter, the pair NZD/USD dropped to the level of 0.8255. Downtrendofthelatterdaysremainsrelevant.
Currency pair USD/CAD has consolidated under the resistance 1.0955 most of the day, but the bulls just increased the pressure and broke through the level up. The pair conquers Friday levels near 1.0970.
Tatiana Norkina, FBS analyst