Currency snapshot (major pairs)

Dollar index trading at 94.62 (+1.27%).

Strength meter (today so far) - Euro -1.47%, Franc +1.66%, Yen -0.90%, GBP -0.43%

Strength meter (since last week) - Euro +0.24%, Franc -0.33%, Yen +1.72%, GBP +0.04%

EUR/USD 

Trading at 1.141

Trend meter 

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance 

• Long term - 1.175-1.18, Medium term - 1.172, Short term - 1.163

Economic release today 

• NIL

Commentary 

• Euro pared almost all of yesterday's gains as risk aversion faded further.

GBP/USD 

Trading at 1.569

Trend meter 

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

Support 

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.544-1.54

Resistance 

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.572(broken)

Economic release today 

• NIL

Commentary 

• Pound traded as high as 1.581 against Dollar, however sank below 1.57 mark in New York session.. Active call - Buy Pound against Dollar, targeting 1.595 area and 1.609 area with stop loss around 1.54 and 1.53 area.

USD/JPY        

Trading at 119.9

Trend meter 

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119.7(broken), Immediate - 120.7(broken)

Resistance

• Long term - 130, Medium term - 127.5, Short term - 127.5.

Economic release today

• NIL

Commentary

• Yen is still the best performer this week as risk aversion subsided but not completely over.

USD/CHF                                                                       

Trading at 0.949

Trend meter -

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

Support 

• Long term - 0.88, Medium term - 0.90, Short term - 0.95(broken)

Resistance 

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

Economic release today 

• NIL

Commentary 

• Franc is worst performer today as Dollar found its groove back amid fading of risk aversion. Target reached at 0.93