The EUR/USD pair slipped below the 1.3500 over the past few hours and is expected to slip further in the short term due to positive sentiment on the USD.
Currently, traders of the pair are looking into a number of data from Germany and US for insight. At 6:00 AM GMT, Germany will release its Gfk Consumer Confidence Survey where it is seen to improve slightly from 6.9 to 7.0. There is also the country's Import Price Index for August, wherein the YoY figure is seen to drop from 2.6% to 3.7%. Then later in the day, the US will release its Durable Goods Orders for August (12:30 PM GMT), which is seen to improve from -7.3% to 0.2%. Other data coming from the US include the MBA Mortgage Applications and New Homes Sales.
The EUR/USD pair is currently trading at 1.3476, with initial resistance seen at 1.3497, followed by 1.3531. Meanwhile, initial support is at 1.3440, followed by 1.3406.
The AUD/USD pair is also experiencing what is expected as a short term down side in today's trading. After peaking at above the 0.9520 zone last week, the pair has struggled to sustain the level and has since gone below the 0.9400 zone.
The pair is currently trading at 0.9386, with initial resistance seen at 0.9412, followed by 0.9436. Meanwhile, initial support is at 0.9341, followed by 0.9318.
As for the USD/JPY, the pair continues to struggle to recover as sellers are expected to dominate the trading in the short term. It peaked at the 99.60 zone last week, but has been on a steady decline since then.
The USD/JPY pair is currently trading at 98.64, with initial resistance seen at 98.96, followed by 99.21. Meanwhile, initial support is at 98.25, followed by 98.00.
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