The cross continues to compete with the heavy resistance at 0.749, where the 38.20% Fibonacci and the May 2012 low levels are situated.
The Canadian Dollar depreciated versus the US counterpart and the pair moved to the north today.
AUD/USD spring back the long– term boundary of a bearish trend and continues to head lower.
The pair continues to trade within the bullish channel and the market bulls tossed the Japanese Yen value higher.
By remaining range bound between two strong resistance and support areas, Gold continues developing in the sideways trend for a third consecutive day.
After a brief stop USD/JPY resumed the advance.
As it turned out, support at 1.52, created by the weekly and monthly pivot points, was sufficient to push the price higher.
EUR/USD registered completely no changes in its value on Tuesday as compared to Monday's closing level.
«Мы предполагаем, что пик инфляции год к году придется на второй квартал».- Ксения Юдаева, первый зампред главы ЦБ РФ (по материалам ИТАР-ТАСС)ОбзорВо вторник пара USD/RUB изменилась очень незначительно в своей стоимости, и доллар США продолжил активно поддерживаться уровнем на 65.35 (20-дневная SMA). Более того, дополнительное давление на российский рубль исходило от цен на нефть, которые отступили от максимумов текущего года.
Bullish momentum the currency pair gained following a test of support at 0.72 seems to have run out of steam, being that the Kiwi is unable to overcome supply at 0.7450.
USD/CAD appears to be consolidating in a triangle pattern after finding solid support at 1.24, where the monthly PP merges with the 20-day SMA.
AUD/USD has recently encountered the lower boundary of the seven-month bearish channel, meaning the near-term outlook is from neutral to positive.
For the time being EUR/JPY keeps trading within the boundaries of the newly formed bullish channel as a part of the pair's upward correction.
As it was expected, a strong support zone created by the 38.2% Fibonacci retracement and 55-day SMA managed to give Gold some bullish impetus on Monday.
USD/JPY is still in a correction phase after a sharp rally on Friday.
The Cable declined to 1.52 yesterday, where it can find some support before likely ceding more ground.
On Monday, EUR/USD registered only marginal changes during the trading session.
The NZD/USD pair continues to appreciate since the end of January 2015.
The USD/CAD bounced back from the weekly PP level at 1.255.
The AUD/USD hiked from the weekly PP support at 0.776 level, closer to the Alligator (13,8,5) jaw line.
The EUR/JPY moved lower from the last levels but found a support at the Alligator (13,8,5) line and the 55– day SMA 4- hour cross.
Gold has finally managed to pierce through a tough support zone around 1,260 on Friday as the precious metal declined considerably on strong labour market data from the US.
Strong fundamentals helped the US Dollar to break out of the recent trading range, as it closed above 119.
GBP/USD failed to sustain a rally beyond the multi-month up-trend, erasing most of its Thursday's gains on Feb 6.