Currency snapshot (major pairs)

Dollar index trading at 96.46 (-0.28%)

Strength meter (today so far) - Euro +0.49%, Franc +0.13%, Yen -0.04%, GBP +0.30%

Strength meter (since last week) - Euro +0.49%, Franc +0.13%, Yen -0.04%, GBP +0.30%

EUR/USD -

Trading at 1.102

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.07-1.073

Resistance -

• Long term - 1.1035-1.11, Medium term - 1.102-1.11, Short term - 1.102-1.105

Economic release today -

• NIL

Commentary -

• Euro is best performer today. Weaker non-farm is sole reason for today's move.
• However it failed to break above the resistance around 1.105

GBP/USD -

Trading at 1.496

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.462-1.455, Short term - 1.475-1.472

Resistance -

• Long term - 1.553-1.56, Medium term - 1.516-1.52, Short term - 1.498-1.502

Economic release today -

• NIL

Commentary -

• Pound is doing well especially against yen. Pound has bounce back from support and broken above immediate resistance at 1.485 over weaker NFP on Friday.
• However it facing resistance below 1.50. Selling pressure is still not strong enough. London is closed today over Easter Monday.

USD/JPY -

Trading at 119

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118.2-118

Resistance -

• Long term - 125, Medium term - 122, Short term - 122, Immediate - 119.8-120.3

Economic release today -

• Leading economic index weaken to 105.3 from prior 105.5
• Coincident index fell to 110.5 from prior 113.3

Commentary -

• Yen is worst performer today. Trading in narrow range. Weaker NFP failed to provide momentum.
• Facing resistance around 119.2 and support around 118.8.

USD/CHF -

Trading at 0.95

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.937, Short term - 0.945, Immediate - 0.954-0.95

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.997, Immediate - 0.972-0.975

Economic release today -

• NIL

Commentary -

• Bears have taken control of the pair, as it closed below 0.952 last week, over weaker than expected non-farm report.
• Franc might strengthen further against dollar over the week.