A bearish breakout from the channel up revived the sell-off, which has pushed the price already beneath the moving average for 55 days.
As expected, the currency pair was able to approach the weekly and monthly pivot points yesterday. Nevertheless, this recovery turned out to be brittle after the encounter with 1.3047/32, which led to a dip down to 1.2898/69.
After a second consecutive failed attempt to push the pair above 0.83 it has dropped by 90 pips and at the moment seems to be targeting monthly S2.
Pair has appreciated by more than 70 pips after it received a bullish impetus from the weekly pivot (PP) earlier today.
It is rather evident that pair is driven mostly by the fundamentals as the aussie remains strongly bearish.
Pair has reached new high slightly above 132 and for has been fluctuating in 80 pip range in the last 3 days.
As the global markets faced a shift of investments to the U.S. Dollar, its pair with the Swiss Franc sharply advanced, even breaching the Bollinger band.
Even though USD/JPY reached a four-year high last week, peaking at 102.15, the pair was showing bearish sentiments last two sessions, as the price gently corrects from the high towards the weekly pivot point at 100.89.
Yesterday the British Pound extended a bearish move, as the price nearly reached the 55-day SMA at 1.5291.
The major currency pair accomplishes a correction from the very first day of a week, as the price bounced from the Bollinger band at 1.2959 and already increased 100 pips.
NZD/USD takes a breath between periods of depreciation, as the price is outside the Bollinger band.
The U.S. Dollar loses its value today relative to its Canadian counterpart, as the price slides from a 1.0132 level, where the 100-day SMA intersects with the 20-day SMA.
Weak business confidence data in Australia pushed the Aussie even lower, as the price nearly reached a 11-month low. The pair depreciated below the Bollinger band, indicating how strong bearish sentiments are at the moment.
EUR/JPY finally depreciates from the Bollinger band at 132.43, as it is a common pattern when after a substantial move the pair consolidates on Monday's trading session.
The pair strengthened significantly over the past week, as the price advanced from the 100-day SMA at 0.9347 to a two-month high at 0.9567.
After a breach of a 100 level, the pair gained just above 102, but that was above the daily Bollinger band, thus the pair depreciates today.
GBP/USD exhibited strong bearish sentiments last week, as the price decreased from the weekly R1 at 1.5527 to an area just beneath the major support line at 1.5340.
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.