After the whole week of consolidation below the 100-day and 200-day SMAs at 1.0394/1.0404 area, the pair finally shot up.
EUR/JPY pair hovers around the 20-day SMA for a fourth straight day, as the price is bounded by the monthly PP level at 122.45 and a 124.00 benchmark.
Yesterday USD/CHF slipped beneath the up-trend support line and the weekly PP level interacting at 0.9466.
USD/JPY finished yesterday's session around a 96.00 benchmark, as the price failed to step a bit higher and test an interception point of the monthly R1 and weekly R2 at 96.37.
GBP/USD experienced a very volatile trading session yesterday, as the price set a 160 pips wide daily range, but closed almost unchanged.
EUR/USD found a support around the Bollinger band at 1.2868 yesterday and advanced firmly almost reaching the weekly PP level at 1.2962.
NZD/USD was too weak to overcome the 20-day SMA at 0.8247 and enter the upper part of the Bollinger band.
"The Canadian economy has gone through its recovery and is now at the point where it had sort of run out of steam, and the U.S. economy had gone through its adjustment and is starting to emerge. The markets are paying more attention to that now." - HSBC Holdings Plc. (based on Bloomberg)Pair's OutlookUSD/CAD movement is bounded by the Bollinger bands
The Aussie failed to breach the 1.04 level for a fourth straight trading session, as the price fluctuates just beneath the 1.0394/1.0426 resistance, which is formed by the monthly R1; 100-day and 200-day SMAs.
EUR/JPY attempted to breach a 124.00 benchmark yesterday, but the pair was unable to accumulate bearish sentiments to push the price down to the monthly PP level at 122.45.
Being supported by the bullish trend-line, USD/CHF has been repeatedly challenging the resistance at 0.9512/0.9488.
USD/JPY is struggling to develop a rally, as a seemingly unimportant level at 95.22 has been preventing the price from stepping higher for the last few days.
The Cable proves to be unable to gain upward momentum, as a strong resistance zone 1.5243/27 discourages bulls from betting on appreciation of the Sterling.
An attempt to breach a 1.2970/61 area, which is formed by the 200-day SMA with the accelerated down-trend, did not turn out to be successful.
Although pair managed to advance a bit above 200-day SMA, but as expected did not spend much time there and at the moment is trading just slightly above the mentioned SMA.
After a slow start, pair is picking up the pace and at the moment is testing the strength of 20-day SMA at 1.026.
As anticipated, cluster of levels around 1.04 prevented the pair from advancing further.
Pair continued to appreciate with the possible intention to return to last weeks closing levels, but did not manage to advance above 124 and for the time being is being supported by 20 and 55 day SMAs.
Pair opened below 55-day SMA and it took a bit of a time to breach it, but once it did pairs advanced was rather quick and after appreciating by more than 50 pips today it is trying to return to week end levels and at the moment is testing the strength of the cluster of resistance levels around 1.04.
After a bearish drop to the 20-day SMA last week, the price found strong bullish sentiments and started to regain lost positions.
After news from Cyprus investors reduced their risk exposure and purchased "safe haven" assets.
The British Pound faced very low volatility during a trading session on Monday, as the price fluctuated only in a 70 pips range.
EUR/USD continues to appreciate and moves towards the upper part of the gap.
Similar to the most of the other major pairs, NZD/USD started the week 50 pips below the last weeks closing price.