Currency snapshot (major pairs)

Dollar index trading at 99.03 (-0.02%).

Strength meter (today so far) - Euro -0.20%, Franc -0.04%, Yen +0.70%, GBP -0.22%

Strength meter (since last week) - Euro -1.42%, Franc -1.25%, Yen -0.50%, GBP -2.08%

EUR/USD -

Trading at 1.083

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/buy

Support

• Long term - 0.98, Medium term - 1.02, Short term - 1.048

Resistance -

• Long term - 1.145, Medium term - 1.104, Short term - 1.1

Economic release today -

• Current account for October came at €20.4 billion.

Commentary -

• Euro struggling to recover ground as Dollar remains well bid. Active Call - Buy Euro @1.09 and at dips targeting 1.155 area and stop loss at 1.05

GBP/USD -

Trading at 1.49

Trend meter -

• Long term - Buy, Medium term - Range/sell, Short term - Range

Support -

• Long term - 1.46, Medium term - 1.475, Short term - 1.49

Resistance -

• Long term - 1.55, Medium term - 1.54, Short term - 1.52

Economic release today -

• NIL

Commentary -

• Pound is worst performer this week and today. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 121.5

Trend meter -

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

Support -

• Long term - 115.5-116.5, Medium term - 118.5, Short term - 120.3

Resistance -

• Long term - 130, Medium term - 128, Short term - 125.4

Economic release today -

• BOJ tweaked policy to increase ETF purchase by ¥300 billion
• JGB portfolio maturity increase by 2 years.

Commentary -

• Yen gained sharply today after BOJ policy tweak as actions remains just 0.375% of current package.

USD/CHF -                                                                                         

Trading at 0.995

Trend meter -

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

Support -

• Long term - 0.905, Medium term - 0.945, Short term - 1.01

Resistance -

• Long term - 1.174, Medium term - 1.07, Short term - 1.035

Economic release today -

• NIL

Commentary -

• Franc remains closely linked to Euro's movement. Active call - Sell USD/CHF - targeting 0.895 area and stop loss at 1.03 area.