With many financial centres closed for the long Easter weekend a quiet day is anticipated across all markets. The commodity currencies were the big winners overnight with the AUD and CAD making big gains on the crosses. The AUD/USD is likely to struggleto get above .7250/60 but a clean break will then target technical resistance at .7425. USD/JPY is consolidating recent gains and should remain in abroad 99.50/101.50 range. EUR/USD looks and feels heavy and a break below 1.3115 will increase bearish momentum. Sterling is also continuing to make progress on the crosses. USD/CHF has now broken above s/t resistance at 1.1550.
Good luck today.
