Violation of the rising support line has not yet introduced substantial changes into the price action, as USD/JPY remains largely flat, contained by 93.59, the 55-day SMA, from below and by 95, the up-trend resistance, from above.
The Cable carries on moving away from the formidable resistance area at 1.5221/1.5177, as selling pressure there disables bulls and thus prevents rallies.
After overcoming a short period of hesitation near 1.2815 the pair continued the decline and encountered 1.2774/65, which appears to be a stronger support line than the previous one.
A rebound from 0.8338/33 did not last for long, as NZD/USD has sharply dropped after a contact with 0.8393, the upper Bollinger band.
Yesterday USD/CAD subsequently broke through 1.0213, the former up-trend support line, and 1.0187/84, the monthly PP and weekly S1, signalling that if the recovery is to recommence, the bulls will require more time to remedy the situation and return the outlook back to positive.
Before AUD/USD could touch upon 1.0518, short-selling has settled in and pulled the price back down to 1.0417, revealing fragility of the current upward trend, as absence of serious resistances implies that later on the pair will find strong supports to uphold it to be missing.
A shallow bullish correction from 120.27/09, which followed penetration of a support line at 121.78, is now completely pared, as it seems that the pair is willing to lose even more ground in the near future, according to the daily technical indicators.
The situation here is somewhat reminiscent of what is happening with USD/JPY since February.
A recent fall of the currency pair, following a breach of an important bullish trend-line, did not extend yesterday, but was reversed by an interim support line at 93.98, calling into question whether bears will be able to take control of the price's direction in the longer term.
Yet another endeavour of bulls to throw the pair over a hurdle at 1.5221/1.5177 has proven to be unsuccessful, since the price is slowly pulling back after the test of the resistance area.
A rally beyond the falling resistance line did not turn out to be sustainable, failing to reach the next notable level at 1.3117/1.3096 and closing back under the 200-day SMA and the trend-line.
After confirming 0.8339/32 and using it as a springboard, the currency pair has recommenced adding to gains, continuing reduction of the gap between the spot price and 0.8408, the rising resistance line.
As noted previously, the risk of the break-down of the up-trend support has risen substantially recently, being that the bullish impetus appears to be exhausted.
AUD/USD remains bullish, effortlessly reaching 1.0491 today, as traders are discouraged to short the Aussie that is headed towards 1.0572/59 at an accelerate pace and without serious delays.
The currency pair has finally left the narrow corridor it has been trading within, closing beneath the support at 121.78.
Previously resistance area at 0.8338/31 proved to be unable to contain upward impetus of the price, meaning that NZD/USD has opened a path towards a rising trend-line at 0.8404.
This currency pair is slowly approaching the up-trend support line that has been keeping the positive outlook since the beginning of the year.
As expected, a dearth of notable resistances in the way of the currency pair above the cluster at 1.0403/1.0387, which consists of the 100 and 200-day SMAs, has led to substantial gains.
EUR/USD constantly fails to escape the tight trading range, which was created after several attempts to breach through a formidable support area at 122.44/121.78.
News from Cyprus inflamed bullish sentiments in the major currency pair, as the price surged on Monday's trading session.
USD/CHF gradually depreciates for a second straight week, as the pair moves along a down-sloping the 200-day SMA at 0.9357.
USD/JPY pair remains indifferent to worldwide news, as the price moved flat two previous weeks.
Last week the pair increased from the 20-day SMA at 1.5070 to the upper Bollinger band at 1.5292, but lacked a stronger bullish impetus to breach the band more aggressively.
The kiwi demonstrates great bullish sentiments, as the price appreciates for a third straight day. NZD/USD reached an important resistance at 0.8332, which might pose a threat when considering further gains.