The pair is stuck between the monthly S1 and weekly PP at 1.0859 and 1.9001. This week we have seen rather low volatility from this currency pair, thus there has been just a slight decline.
Through last seven trading days pair's value changed just slightly; moreover, it has been trading between the weekly PP and weekly R1 (0.9335 and 0.9417).
The Euro area currency fell below the major level at 139; however, it almost instantly reversed back to trade around the 200-day SMA at 139.20.
Regardless of the formidable resistances lying overhead, USD/CHF managed to reach the 200-day SMA, but subsequently retreated.
The 200-day SMA, one of the supports seen capable of revitalising the bullish momentum, was breached yesterday.
By rebounding from the rising support line at 1.6742/29, which is reinforced by the 55-day SMA, the Cable preserved its bullish outlook.
EUR/USD stays directionless, as its movements are restricted by the tough levels from both sides.
The weekly PP at 0.8669 was broken once again today; however, the Kiwi did not manage to establish itself there.
Yesterday the pair slipped below the major level and weekly PP at 1.0900/01, today the decline continued and the monthly S1 at 1.0859 was approached.
Pair's trading volume still is rather low and therefore we have not seen any major moves for awhile.
The pair prolonged its decline, which started on Tuesday and by now the 200-day SMA at 139.17 is reached.
The pace of USD/CHF's advancement has notably decelerated after an encounter with the 100-day SMA, but there is still some room for a rally.
As suspected, USD/JPY failed to gain a foothold above 102.35/10, which is a necessary condition for the long-term sustainable recovery.
None of the nearest supports were able to negate the bearish momentum yesterday.
After a precipitous decline EUR/USD now finds itself trapped between two strong levels.
The Kiwi is attacking the weekly PP at 0.8669 for a second straight day proving that it has not lost its bullish momentum.
The greenback is little changed against the Loonie and it trades around the major level at 1.09 as pair's volatility fell to the lowest level in more than two weeks.
At the moment the Aussie is trying to break the major level at 0.94; however, just above this level there is the next resistance level (weekly and monthly R1) at 0.9417/27.
After yesterday's advance to the weekly PP and 100-day SMA at 140.82 the Euro has plunged below the monthly S1 and major level at 140.08/00.
Though initially there were doubts whether USD/CHF will be able to carry on with the advancement after encountering the 100-day SMA, the exchange rate managed to overcome this obstacle.
USD/JPY is struggling to pass through the formidable resistance at 102.38/16, which is required for a bullish outlook to be confirmed.
As the Cable failed to rise above the weekly PP yesterday, it extended the decline from 1.70, closing in the end near the weekly S1 and monthly PP.
Despite the toughness of the support at 1.3754/25 (it was formed by the 100-day SMA, long-term up-trend and monthly S1) and the majority of the monthly indicators being bullish, EUR/USD preserved a downward momentum and breached the lower edge of the rising wedge to the downside.
After some uncertainty in this currency pair the Kiwi has received a bullish impetus from the monthly PP at 0.8622 and is trading around the weekly PP at 0.8669.