The green currency advanced a basket of major currencies, especially the yen, as seen by the dollar index which climbed to 80.62 from the opening at 80.64, after the U.S. infamous jobs report showed that employers cut 36,000 jobs in February, below the 68,000 estimated, while unemployment rate steadied at 9.7% in February.
Relative to the dollar-yen pair, it spiked for the second day after the release of the NFP report breaching resistance at 89.27, but it stopped its advance as it came close to the strong resistance at 90.34, which represents 38.2 Fibonacci retarcement to the upside trend that started in December. Moreover, the yen slipped against majors today on speculations the BoJ will discuss more monetary-easing measures during its upcoming meeting. Meanwhile, the pair is traded at 90.17, hitting a high of 90.27 and a low of 88.96, whereas support is seen at 88.60 while resistance is at 90.60 then 91.40.
With regard to the euro-dollar pair, it is consolidating on the daily charts after in a thin trading due to the lack of fundamentals from the euro zone and ahead of the Greek Prime Minister meeting with Chancellor Angel Merkel in Berlin tonight. The euro remained under pressure since Trichet's announcement yesterday that Greece should net get support from the IMF. Now, the pair is traded at 1.3566 after reaching a high of 1.3606 and a low of 1.3528, where the coming support is seen at 1.3525 and next resistance is at 1.3605.
As for the sterling-dollar pair, it is also moving sideways after today's news that showed that PPI output rose in February did not impact the pounds' movements. Still, the pair is unable to rebound from the downside trend that started since mid November, yet it is currently traded above psychological level of 1.50. The pair is currently traded at 1.5024, recording a high of 1.5064 and a low of 1.4990, while it is moving between support at 1.5005 and resistance at 1.5065.