Following the resignation of Britain's prime minister, Liz Truss, the pound has fallen against the dollar.

Following the resignation of Britain's prime minister, Liz Truss, the pound has fallen against the dollar, down today by 1%. From a technical overview, the forex pair is currently trading at £1.1109 vs the dollar. Towards the downside, the first support level sits at £1.1057 (blue oval) followed by a major support level at £1.0923 (green oval). A break below the major support could see the pound slide back down towards its all-time low. On the upside, the first tough resistance sits at £1.1336 (orange oval) followed by a major resistance level at £1.1440 (red oval). Only a break above the major resistance could create signs of any recovery. However, the UK's economic crisis and political chaos, at the moment, are not showing any positive approach. Looking at the indicators, MACD is negative and RSI reads 35, both suggesting a bearish stance.