Slight raise for the pound on Tuesday

The pound registered an increase against the dollar on Tuesday. British currency recover some of the lost positions, but the pair still remains far from key levels. If the bulls continue to dominateр the resistance at 1.4670 could be tested soon. Tuesday session started at 1.4405 as the uptrend was leading from the start. Peak of the day was reached at 1.4477 and the finish line was crossed 37 pips below.

Meanwhile, the statistic service in the UK reported, that the total trade deficit in March was lower than the expected 3.8 billion pounds, down from 4.3 billion pounds in February.
The trade deficit in goods shrank more than expected to 11.2 billion pounds in March from a revised 11.4 billion pounds in February. Narrowing of the trade deficit was mainly due to the rise in exports by 400 million pounds to 23.7 billion pounds.
The trade deficit in the first quarter stood at 13.3 billion pounds, its highest level since the first quarter of 2008, the deficit decreased from 12.2 billion pounds generated in the fourth quarter of 2015.

Support: 1.4297; 1.4170;
Resistance: 1.4670; 1.4768.