Pairs was posing for a possible recovery, but failed the initial testing of weekly and monthly PP.
USD/CHF remains side-lined between the June and February lows, refusing to follow the trajectory implied by the daily and weekly indicators.
The market continues to respect the falling trend-line that previously formed the upper boundary of the symmetrical triangle (May 22 - Sep 1) but now acts as the support, even though it was breached on Sep 2.
Although the buying pressure continues unabated, the supply area at 1.6102/1.6083, created by the weekly PP, 20-day SMA and a trend-line, is not letting the price to rise and thereby to enter the upper part of the upward-sloping channel.
The currency pair stays above the weekly PP, but at the same time appears to be unable to rekindle a sufficiently strong bullish momentum for now.
Pair seems to be heading towards almost identical (just bullish) session like yesterday as 0.83 keeps holding as a key support.
Pair showed few consecutive bullish sessions which suggest that bulls intend to retest 1.035.
At the moment the pair seems evenly capable of dipping to Fibo 38.2% retracement which was tested last week and peaking up to September high.
Pairs depreciation at the moment is stalled by the 55-day SMA.
USD/CHF is currently facing a number of formidable supports, such as the Feb low, a down-trend support line, etc., but, according to the near-term studies, still seems to retain some of the bearish momentum, which could pull the price down to the Feb 2012 low at 0.8930.
Although there are considerable downside risks present at the moment, USD/JPY is consistently respecting the down-trend support that connects the most notable peaks (May 22, Jul 7, Aug 23) and the most recent valleys.
The Cable turned around ahead of the lower boundary of the bullish channel it has been forming for the past three months and now is attempting to recover; however, appears to be struggling at the weekly PP.
EUR/USD is currently testing the weekly pivot point at 1.3564, but may come down to 1.3516.
Pair started the week in a rather calm manner and remains in the vicinity of 0.83.
Monthly PP failed the pair which found support with the 200-day SMA.
Pair remains rather calm as it is trading around 94 cent mark
Pair maintains the bearish trend and once again dipped to 131.4.
Due to the spot price's proximity to a tough support area around 0.8930 it hesitates to move south.
Although a month ago USD/JPY successfully broke out of the symmetrical triangle that is started to form in the mid-May to the upside, the U.S. Dollar did not continue to gain value, as one would reasonably assume, but weakened instead.
As expected, the Sterling was unable to keep the accelerated pace of appreciation relative to the buck and declined.
The up-trend resistance line at 1.3650 did not allow the Euro to approach the February high last week, but the currency pair is still poised for gains, being that is it strongly supported by 1.3505/1.3482.
It seems that 1.035 will remain an unbreachable area for the pair for the time being.
Pair seems to have successfully managed to advance above 94 cent mark.
Pair failed at weekly and monthly PP/20-day SMA as is slowly trailing lower.