The weaker existing home sales and unemployment data makes the US dollar weaker. The US housing market sales jumped in December for the first time in 5 months. Total existing home sales increased 1% to a seasonally adjusted annual rate of 4.87 million in December, whereas 4.94 million units had been expected. Comparing with the year of 2012, in 2013, sales were higher than 9.1% strongest performance since 2006. Jobless claims rose by 1000 to 326,000 in the period ended January 18, as The labour department reported yesterday. The US dollar is trading at the lowest point in the week.
In the hourly chart oscillators show a buy signal for the targets at 80.7-80.8
Support- 80.35, 80.0.
Resistance- 80.77, 81.4.
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