Currency snapshot (major pairs)

Dollar index trading at 93.86 (+0.68%).

Strength meter (today so far) - Euro -0.80%, Franc -0.70%, Yen -0.43%, GBP -0.27%

Strength meter (since last week) - Euro -0.80%, Franc -0.70%, Yen -0.43%, GBP -0.27%

EUR/USD -

Trading at 1.134

Trend meter -

• Long term - Sell, Medium term - Range/Buy Support, Short term - Buy

Support -

• Long term - 1.048-1.036, Medium term - 1.106-1.102, Short term - 1.11

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.15

Economic release today -

• NIL

Commentary -

• Dollar started the week firmly today, with Euro losing most of the ground. Euro bulls couldn't gather enough ammunition to break key resistance around 1.15. However test of the level is likely over coming days.

GBP/USD -

Trading at 1.567

Trend meter -

• Long term - Range, Medium term - Buy Support, Short term - Range/Buy support

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.537-1.534, Immediate - 1.56-1.565

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.582-1.584

Economic release today -

• NIL

Commentary -

• Pound rally came to a halt as bulls ailed to break 1.582 resistance area. Pound dropped sharply lower on Friday and today in late Asian hours. However bulls are showing strength in Ney York session.

USD/JPY -                      

Trading at 119.8

Trend meter -

• Long term - Buy, Medium term - Range/Sell, Short term - Range/Buy support/Sell resistance

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118.5-118

Resistance -

• Long term - 125, Medium term - 122, Short term - 122. Immediate - 120.8

Economic release today -

• Tertiary index dropped -1% m/m in March.
• Industrial production dropped -0.8% m/m and -1.7% from a year ago.

Commentary -

• Yen is likely to continue the range with lack of volatility.

USD/CHF -

Trading at 0.922

Trend meter -

• Long term - Buy, Medium term - Sell/Range, Short term - Range/Sell resistance

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987, Immediate - 0.944-0.947

Economic release today -

• Real retail sales dropped by -2.8% from a year ago in March.

Commentary -

• Franc bulls lost ground amid strong dollar today. Bookings are suggested as price remains towards range of support areas.