In spite of bullish signs the Cable started off with a rather sharp decline of 63 pips, having also put the two-month up-trend to the test yesterday.
On Tuesday morning the common European currency fluctuated around the 1.06 level against the US Dollar.
NZD/CHF has been on a rise for the last year or so, and some technical aspects are now showing that the bullish market might come to an end rather soon. While there is still plenty of room for a reach towards the six-year resistance at 0.8028, the pair has showed signs of shifting potential from bullish to ranging or even
The New Zealand Dollar had slightly surged against the US Dollar by mid-day on Monday, as the currency exchange rate was above the 0.7050 level.
By mid-day on Monday the US Dollar had lost a lot of ground to the Canadian Dollar, as the currency exchange rate fell below the 1.3430 mark.
After falling for almost two weeks the AUD/USD currency pair began to recover, closing at 0.7445 last week.
On Friday the European single currency appreciated against the Japanese Yen for the seventh consecutive time, but was still unable to retain its position above the 120.00 major level.
The yellow metal surged on Monday morning, as it managed to surge past the newly calculated pivot point and gain 1% during the move.
The US Dollar remained relatively unchanged against the Japanese Yen on Friday, although the ascending channel's support line was put to the test that day.
Last week was a good one for the Cable, as it continued its recovery after a sharp slump in the beginning of October.
The common European currency began the week against the US Dollar higher than the previous close by 18 pips, as the currency exchange rate ended Friday's trading at 1.0590 and began Monday's session at 1.0609.
The Kiwi surged higher against the US Dollar on Friday, as some analysts explained it with profit taking.
The US Dollar slightly depreciated in the first half of Friday's trading session against the Canadian Dollar, as the currency exchange rate mostly fluctuated between the weekly PP at 1.3500 and the old large scale pattern's upper trend line, which recently has been providing support to the pair.
The Aussie managed to edge higher against the US Dollar for the third day this week, but the immediate resistance area still proved to be too difficult to pierce.
On Thursday the European single currency once again appreciated against the Japanese Yen, therefore, breaching the three-year down-trend.
The USD/JPY currency pair behaved in accordance with expectations on Thursday, having successfully retaken the 113.00 level and leaving the immediate resistance area intact.
The common European currency appreciated on Friday morning against the Greenback, as the pair jumped above the 1.0550 level and aimed for the next resistance.
On early Friday morning the yellow metal fluctuated slightly lower during the first hours of trading.
The British currency barely managed to post gains against the US Dollar, but with the immediate support cluster proving its strength once again.
By mid-day on Thursday the NZD/USD exchange rate had dropped below the 0.7 level.
The US Dollar continued its surge against the Canadian Dollar on Thursday, and by mid-Thursday the rate faced the resistance put up by the weekly PP at 1.3500.
As was anticipated, the Aussie lost some value against the American Dollar, barely managing to pierce the immediate support.
Yesterday the Euro appreciated against the Japanese Yen slightly more than expected, having breached the ascending channel's resistance line and put the three-year down-trend to the test.
As our team has been forecasting for the whole past week, the yellow metal reached the 1,200 mark.