Dollar holds steadier to start the new week
The pound is weighed lower as the UK goes back into lockdownMajor currencies aren't doing a whole lot to start the day, with the greenback keeping steadier across the board for the most part. The ranges are relatively narrow, though the pound is the active mover with cable knocking on the door of 1.2900.
The slight nudge lower still sees sellers in near-term control as price tests some support around the 1.2900 region with further support then seen closer to the 100-day MA (red line) @ 1.2878. The latter will be a key spot to watch in trading this week.
Notably, sellers are looking to keep a push below the 100-day MA (red line) @ 1.1657 and a firm break below that will allow them to establish more control in the sessions ahead.