Pair tried to extend it's gains further, but failed at 200-day SMA and at the moment is trading slightly below 91 cent mark.
Pair extended it's gains further and eroded resistance at 144.39 today.
Being unable to weather the selling pressure triggered by proximity of USD/CHF to 0.89, the currency pair plummeted through the weekly PP down to the recent low.
USD/JPY effortlessly pierced through a cluster of resistances at 102.89/78 yesterday.
GBP/USD continues to move north. Right now the currency pair is supported by the weekly PP and the 20-day SMA at 1.6695/91, but does not face any significant resistances.
Although there were good reasons to believe that EUR/USD would not surge above 1.38, the currency pair approached the Dec 27 high and seems to be willing to remain on a bullish path for now.
NZD/USD has reached new 2014 high once again at 0.8481 mostly impacted by strong fundamentals and we think that the pair has reached the top.
Pair failed at the weekly PP yesterday and today has trailed below the important psychological level at 1.10.
After a few attempts the pair successfully eroded resistance at 90 cents and at the moment is aiming at 91 cent mark.
Pair showed substantial gains after the ECB's benchmark rate decision was announced and at the moment is consolidating above 142 JPY.
This week's surge has been stopped near 0.89, where resistance is provided by the monthly PP, 2012 lows and the down-trend.
During this week USD/JPY has already pierced through a number of tough supports without consolidation and appears to be ready to keep on advancing further.
The Cable turned away from the support at 1.6621/1.6599, mainly created by the monthly PP, and negated most of the losses incurred this Monday.
The currency pair is presently eroding the upward-sloping trend-line.
After yesterday's struggle to break 0.8400 the pair breached it today and approached a new 2014 high at 0.8431.
Pair is continuing to trade in a narrow range without showing any clear bias to any side.
Pair continued to climb higher and peaked slightly above the 90 cent mark today.
Pair extended it's gains after jumping from monthly PP yesterday.
Instead of descending lower, down to the falling support line near 0.87, USD/CHF erased yet another portion of the losses made last Friday.
USD/JPY ignored presence of the weekly and monthly pivots at 101.77/75 and soared above the 38.2% Fibo retracement level.
A strong support area at 1.6621/00, created by the monthly PP and the weekly S1, did not let the bearishness seen this Monday to persist.
EUR/USD continues to respect the accelerated up-trend support line that may be drawn through the lows reached after Jan 31.
Today NZD/USD reached resistance line at 0.84 and was not able to break this level after minor movement yesterday.
Pair continues remain biasless and trades sideways. We saw and increase in volatility yesterday, but that failed to push the pair to the either side as it remains around 1.1050.