The kiwi was rather volatile during today's trading session, as the price made spikes on both sides, reaching the monthly S3 at 0.8059 and 0.8127.
The Canadian Dollar is traded at the same level as yesterday, as the pair is strongly correlated to the news on the U.S. economy.
The Australian Dollar finally delivers stronger bullish sentiments, as the price gains from a 0.9620 level towards the weekly pivot point at 0.9690.
The pair is on a positive track today, as the price increases through an interception point of the weekly pivot point and the 20-day SMA at 131.51.
Today the pair continues to gain, as it reached the weekly pivot point level at 0.9682.
The pair is noticeably higher today, as the price increased to the weekly pivot point at 101.83.
The Cable is on the slide this week, as the price bounced to the weekly pivot point at 1.5142 and dropped beneath a 1.51 benchmark.
The common European currency has been traded in a very narrow channel between 1.28 and 1.29 benchmarks few recent weeks.
The New Zealand Dollar moves along with the Australian Dollar and depreciates towards last week's low at 0.8005.
The pair slightly appreciates from the weekly pivot point at 1.0310, but there remains a long way till a last week's high at 1.0392.
The Aussie can not disengage from bearish pressure, as today the price gently, but still depreciates towards a last week's low at 0.9593.
As usual, the majority of pairs are traded flat on Monday and EUR/JPY also fluctuates in a narrow channel today, between 130.90 and 130.20.
Failure to overcome the resistance area formed by the bullish trend-line and monthly R3 resulted in a precipitous dip down to 0.9590/67, which is able to prevent further losses in conjunction with 0.9525 and 0.9470/33.
Even though USD/JPY has already dropped nearly three figures last week, there is still room for U.S. Dollar's depreciation.
Seems that Cable's short-term bullish correction has come to an end at the weekly pivot point (1.5142), but there is still a risk of a surge up to either 1.5190 (weekly S1) or even 1.5233.
For the past three months EUR/USD has been trading between the resistance line at 1.3219 (May 2 high) and a formidable level at 1.2745 (Apr 4 low).
Similarly to the aussie, the kiwi had a rather volatile session. It was trading in 165 pip range.
After hitting resistance levels at 1.0369/81 yesterday pair ended the session with a no less than 55 pip lose.
After a volatile session yesterday, when pair was trading in 180 pip range, it seems we shall not see much of an action today as it has been trading in 60 pips range.
For the second day in a row pair has dipped below 131 JPY.
The pair attacked the upper Bollinger band for too long, thus a correction finally took the scene.
After yesterday's drop, as the pair slipped from the weekly R1 at 103.60 to the weekly pivot point at 102.43, USD/JPY depreciates further and seems that it settled beneath the recent support level at 102.00.
This week the Sterling depreciated noticeably, as it was traded around a 1.52 benchmark on Monday, but currently the price fluctuates in a 1.50-1.51 range.
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recovery stage.