Currency snapshot (major pairs)

Dollar is treading waters against all the majors (EUR, GBP, CHF, and JPY) over positioning ahead of FOMC tomorrow.  This week's performance at a glance in chart and table -

• Euro is the top performer this week and in today's trading. Consumer price index down by -0.3% YoY in February but core is up by 0.7% YoY. CPI improved by 0.6% mom. Zew survey pointed that economic sentiment improved to 62.4 from 52.7 prior. Euro is currently trading at 1.0607, however failing to break above the resistance. Immediate Support lies at 1.05, 1.035 & Resistance 1.066.

• Pound is the worst performer today and this week as rate hike bets continue to fade away and tension rises over election in May. Pound is currently trading at 1.475. Immediate Support lies at 1.47 & Resistance 1.50.

• Yen has failed to gain any direction over today's BOJ monetary policy. Volatility in Yen is drying over last few sessions. Yen is trading at 121.2; up by 0.15% in today's trading. Immediate Support lies at 119.5 & Resistance 122.

• Franc is gaining some grounds today after yesterday's dismal performance. Bulls are facing strong resistance. Tomorrow's FOMC could provide further direction Franc is currently trading at 1.002, up by 0.55% in today's trading. Immediate Support lies at 0.986 & Resistance 1.02.