While none of the previous resistances, such as 2012 high, were unable to tame the bulls, monthly R1, in conjunction with the Bollinger band, stopped the rally at 1.0547/21.
It is easier to imagine NZD/USD lower than the present levels in the future than higher.
The currency pair faces more and more difficulties while descending.
EUR/JPY again fell more than 100 pips below the support at 128.30/22 and is currently testing a combination of the 200-day SMA and the monthly S1 level.
It seems that the pair has consolidated above the 200-day SMA and at the moment is aiming at the 55 and 100-day SMA at 0.943
Pair is continuing to trade in the 100-day SMA vicinity (97—98.5 JPY range).
Pair continues to fluctuate supported by the 55-day SMA. We could expect some short term rallies which should stay below the 1.55.
It seems that pair is failing to find a catalyst that would manage to keep it above the 1.3096/114.
It seems that the pair has reached new low, but remains capped below 0.78 cents.
Pairs rally might be coming to an end as it seems to have lost momentum after reaching 1.053.
There are more and more signs that the pair has reached new low and we should see some sort of consolidation at the current levels.
Pair tested the 129 JPY resistance for four days in a row, but did not mange to breach it.
Pair started the week above the 200-day SMA, but did not manage to stay above it. Current developments suggest that pair might stay depressed above it for some time more.
Yesterday pair failed to consolidate above the 98 JPY where 100-day SMA and Fibo 23.6% (November, 2012, till May, 2013, move) can be found.
Pair was depressed under the 55-day SMA for a few days, but got bullish impetus from it and advanced 80 pips.
Pair started the week by trying to fall below the 200-day SMA. Today it seems it has consolidated above Fibo 38.2% (February to April, 2013, move) which is around 20 pips above the mentioned 200-day SMA.
Pair has got significant support from the 0.7716. It might be that this level might cause at least a short term correction.
Pair is appreciating further in an unprecedented pace. Short term technicals, however, indicate a possible correction which is likely to be short lived.
With the help of the Bollinger band pair has stopped at the major support at the 0.915 cent area.
Pairs rally was stooped by the resistance line at the 129 JPY. At the moment it is being supported by the monthly S1/100-day SMA at 127.4 JPY.
Pair started the week above the 200-day SMA and is being supported by it at the moment.
Pair started the week just slightly above the last weeks closing level. But due to the bullish impetus provided by the Fibo 23.6% (November, 2012, till May, 2013, move) current short term outlook seems to be rather positive.
Pair started the week slightly under the 55-day SMA. Although it had bullish bias at the beginning of the week today it seems that this level might send pair spiralling down.
Pair was sold heavily last week and opened slightly above the 200 and 55-day SMAs. As suggested by the short term technicals pair is likely to bounce from this support levels.