EURUSD remains securely within the current range: Lloyds Bank

Quotes from Lloyds Bank:

-The USD remains mixed as we head into the key event of the day, that being Fed Chair Yellen's testimony. The EURUSD remains securely within the current range, although off recent highs after the IFO came out a little lower than expectations.

-Commodity currencies, but particularly AUD and CAD remain in the weak camp as Copper slips lower from trend resistance, Oil fails to extend last week's rally attempt from $49, coming back to test this area of support, and Gold pushes to new short term lows having topped around 1300 in Mid-January. 

-Further weakness is expected in the metals complex in general and that should keep the AUDUSD under pressure, but USDCAD is also starting to develop into more of a sideways consolidation and starting to negate the short term bear bias we held last week.