Yesterday's rally breached a number of important resistances, including the weekly R1 and monthly R2 levels.
The pair ignored all of the nearby supports yesterday, but most importantly settled beneath the major up-trend line and the 200-day SMA that had to remain intact for the bullish outlook to be valid.
Although previously AUD/USD was capped by the monthly R2, the resistance was unable to withstand the bullish pressure initiated yesterday and gave in.
EUR/JPY has come up all the way from 132.20/09 up to 133.81 since Sep 17, without encountering any notable resistances.
Pair plummeted by more than 150 pips after hitting weekly and monthly PP/61.8% Fibo few days back.
Weekly PP/20-day SMA seemed unbreachable point for the pair despite it's mild prior bullishness.
Despite the slowing down in the past days, pair jumped by almost 250 pips, breached uptrend's resistance and at the moment is testing 2013 (January) high.
Pair has appreciated by almost 200 pips and at the moment is trading at the highest level since February, 2013.
NZD/USD has finally left 0.82 behind, meaning 0.8317/0.8291 is now exposed.
Despite the proximity to the dense support area, USD/CAD refuses to commence a robust recovery, fluctuating a few steps away from the 200-day SMA at 1.0272.
Daily ‘buy' signals have already started to weaken, implying that the nearest resistances have a good chance preventing AUD/USD from climbing any higher.
The latest rally of EUR/JPY still lacks consistency, but the support at 132.20/09 nonetheless remains intact.
Pair maintains it's bullishness and stays in the accelerated uptrend after a bounce from the 50% retracement of July to August move.
It seems that bulls are taking a step back after reaching new relative high as short term RSI and Stochastic indicators point at the weakness of the pair.
Pair continues to demonstrate bullish attitude, but gains of 30 and less pips this week suggest that there is no strong catalyst behind the pairs movements.
Despite the recent gains it is obvious the pair is on the defensive and cannot advance above the 0.93 resistance area.
The currency pair continues to struggle with 0.82, as it yet has to close above this resistance. Still, the 200-day SMA has already given in, meaning the medium-term outlook on the New Zealand Dollar is rather bullish than bearish now, with the April high at 0.8676 as a likely target.
Yesterday USD/CAD fetched 1.0285/71, the area that is supposed to prevent the currency pair from moving any lower in the nearest future.
AUD/USD has already attempted to surpass the monthly R2 at 0.9379 twice since the beginning of this week, but the pair remains unsuccessful, failing to decouple from the support level at 0.9321.
A recovery did not stop yesterday—EUR/JPY is currently developing the progress, though the rally still appears to be rather shallow for the time being.
Pair started the week giving bullish signals, but is seems that 93 cent area will push the pair lower.
Pair seems to be somewhat supported by the 55 and 100-day SMAs, but capped by the weekly PP at the same time.
Pair remained much more bullish than anticipated and is showing the first signs of slowing down.
Pair continues to hold in accelerated uptrend which started on the 6th of September and by doing so aims at August high at 1.345.