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.
Favourably for the bullish outlook the up-trend support line remains intact, pushing the price upwards as soon as EUR/USD gets clos.
Pair is showing bearish intentions, but remains rather passive hovering above the weekly pivot (PP).
Earlier today pair touched the weekly and monthly PP where it received a bearish impetus and has dropped by 102 pips since then.
After a brief try to inch up a bit earlier today, pair continued to depreciate and at the moment is hovering slightly above weekly S1 at 1.003.
Being stopped by the weekly S1 at 1.021 yesterday pair managed to breach it earlier today and has fallen by 60 pips since then.
USD/CHF is advancing towards the 55-day SMA at 0.9405, but is not expected to stop there, since the outlook, both in the short and the long term is positive.
USD/JPY slipped ahead of the resistance at 100.31/99.82, which has been keeping the bulls at bay for the past month, hindering evolution of the longer-term up-trend.