Seems that the market recalled European credit problems and investors shifted towards Dollar-based securities.
NZD/USD slumped heavily today, as the price dropped from the 100-day SMA at 0.8388 through the lower Bollinger band and the 200-day SMA at 0.8317.
USD/CAD continues its trip north, as the price increases for a second day. Today the loonie touched the 100-day SMA and weekly pivot point level at 1.0133.
The Aussie depreciated precipitously in few recent trading sessions—the price breached the resistance at 1.0190.
Today EUR/JPY advances further, as investors maintain their appetite for higher yields.
USD/CHF skyrocketed yesterday, as the pair jumped from the 100-day SMA at 0.9341 and reached the upper Bollinger band at 0.9511, breaching the 20-day SMA at 0.9384 and the 55-day SMA at 0.9406.
USD/JPY finally breached a 100 benchmark after improvement in the U.S. labor marker was announced.
The Cable dropped yesterday, despite the fact that the Bank of England did not change its monetary easing programme.
The common currency of 17 nations smashed yesterday, as the price slipped from the 100-day SMA at 1.3146, dropped through the 200-day SMA at 1.3070 and was stopped only around a 1.3021 level, where the weekly S1 is positioned.
USD/CAD finally reached the 200-day SMA at 1.0013 and already reversed from it.
NZD/USD executed a huge 80-pip spike down, which breached the 55-day and 100-day SMAs for a while yesterday.
Today the Aussie gained value in the first half of morning trading session on positive labour market data in Australia.
Today the pair is traded flat around a 130 benchmark, where the price closed yesterday.
USD/CHF reduces its volatility gradually along with the major currency pairs. The price fluctuates between the 55-day SMA at 0.9402 and the 200-day SMA at 0.9319.
USD/JPY is traded flat since the beginning of April, as the pair cannot breach a resistance at 99.70.
The British Pound has been traded for last two weeks under the major down-sloping resistance line at 1.5580.
EUR/USD is pressed in a channel for more than a month, as the pair is traded between the 100-day at 1.3151 and the 55-day SMA at 1.3007.
Recent few days were really bad for the New Zealand Dollar, as its value against the U.S. Dollar shrunk substantially, starting its trip from the major resistance level at 0.8534.
The loonie is on the long-term slide, as the price weakens since 17th of April. Today the pair is traded at the weekly S1 level at 1.0033, which is the last support before the key level—the 200-day SMA at 1.0012.
Since the Aussie dropped heavily in last two sessions—the price slipped from the 20-day SMA and weekly PP at 1.03, with a bottom point way lower than the Bollinger band.
EUR/JPY pair reverses last few trading sessions' loss, as the price advances today from the weekly pivot point level at 129.14.
The currency pair has indeed reached the 55-day SMA we mentioned yesterday, but at the same time faced strong resistance at this level, being sent back towards the moving average for 20 days.
Overall USD/JPY is closing in on 100.21/99.91 cautiously, looking for some support to recommence advancement.
The British Pound continues to lose its value, as the Cable has come under heavy selling pressure near the upper boundary of the channel up at 1.5582.