The Australian Dollar does not show any bullish momentum to breach the 20-day SMA and get back to a 1.04 area, where the major SMAs intersect.
The pair continues to trim the recent gains and will hardly encounter any notable support levels until 90.57, the current location of the 55-day SMA and 23.60% Fibonacci retracement from a move started on Sep 28 in 2012.
The currency pair has confirmed its intentions to decline, being that the resistance area at 1.5264/26 was confirmed as a likely ceiling in the nearest future.
A down-trend support line, which has been breached on Jan 10, but before that remained intact since May of 2010, has proven to retain topicality to the market participants, delaying development of a dip.
Yesterday the pair attempted to breach the support line at 83.50 and was successful.
USD/CAD pair reached the monthly R2 level at 1.0246 yesterday and even slightly exceeded it.
EUR/JPY plummeted heavily yesterday, as the price slipped from the 20-day SMA at 124.43 and reached the 55-day SMA at 120.49.
USD/CHF pair is locked into a channel just above the monthly R1 level at 0.9295.
USD/JPY pair exhibits radical changes in bears and bulls equilibrium.
The Cable filled the weekend's gap and attempts to continue the appreciation from a two-and-a-half year low.
The major currency pair continues to depreciate, as today the price dropped beneath the weekly S1 level at 1.3079.
NZD/USD remains above the major level, as the price jumped from 83.43, where the support lies since June, 2012.
In recent days the pair made a few tries to breach the 20-day SMA line, but all of them were unsuccessful.
The Canadian Dollar demonstrates weakness and depreciates for the second week.
EUR/JPY pair gradually depreciates, as the price fluctuates in a down-sloping channel with the upper boundary at 124.90, where the 20-day SMA is located, and the lower boundary at 122.50, where it merges with the weekly S1.
It appears that a falling trend-line at 0.9307/0.9294 has fully negated the upward momentum.
USD/JPY starts the week with a more than 100 pips wide void to the upside, proving topicality of a rising support line at 93.52/14, which did not allow further development of a dip.
At the moment the Cable is headed towards 1.5164 in order to fill the downside gap.
Decline of the price has been halted by a support area at 1.3199/28, which could potentially initiate an upward correction up to 1.3322, a recently breached major trend-line.
For the time being a major support zone at 123.29/122.70 is keeping the price away from lower levels.
The currency pair has stalled near the up-trend support line at 0.8357/32, as its yesterday's attempt to gain bullish momentum turned out to be unsuccessful.
Now there are few reasons to doubt that the upper edge of the bullish channel has been breached, being that the spot price is nearly 100 pips away from it.
Yet again intentions of AUD/USD to go deeper, towards the down-trend support line at 1.0127/12, have been refuted by 1.0243/24.
It seems like the down-trend resistance line was able to invalidate a scenario of a bullish breakout and commence a formation of a bearish wave that is expected to extend down to 0.8981 in the long term.