The 16-nation currency and sterling pound bounced on the last day this year amid random moves due to the absence of economic data. The dollar index slipped to 77.52 after reaching a high of 77.93.
With regard to the euro-dollar pair, it is showing a slight decline on the daily and 4-hour charts in the absence of economic data from the euro zone. The euro rebounded after two days but it may continue its downside trend that started on December 4 in the new year. Currently, the pair is traded at 1.4405 recording a high of 1.4440 and a low of 1.4323, whereas the coming support is at 1.4360 and resistance at 1.4440.
As for the sterling-dollar pair, it spiked on the daily and 4-hour charts for the second day after breaching the strong resistance at 1.6150, which represents 61.8% Fibonacci retarcement to the upside trend that started on October 13. The pair is currently traded at 1.6217 after setting a high of 1.6221 and a low of 1.6047; while the coming support for the pair is seen at 1.6150 and the resistance is spotted at 1.6260.
Relative to the dollar-yen pair, it is moving sideways on the daily and 4-hour charts, but unable to stay below 92.30 level. The pair is currently trading around 92.00 after hitting a high of 92.60 and a low of 91.89; while the pair is currently facing the coming support level at 91.00, while the resistance is spotted at 92.60.
