USD/CAD is under bearish pressure, as the price gradually depreciates. Today the loonie overcame the weekly PP level at 1.0236 and decreased even lower.
Today the Aussie takes a breath after a huge jump yesterday. The price appreciated from the monthly R1 at 1.0388 to the weekly R1 at 1.0440 during yesterday's trading hours.
EUR/JPY pair remains in a 122.45/124.00 range during the last trading session of this week.
USD/CHF has managed to withstand downward pressure and keep the rising support line more or less intact.
Profit-taking on the pair's Nov 2012—Mar 2013 rise drags on, endangering the bullish trend-line that preserves the positive outlook.
Lately we see alternation of indecision in the market with sharp distinct moves, such as on Mar 14 and 21.
It is almost certain now that EUR/USD will be unable to close the bearish gap this week, as the single currency is being heavily sold off.
The loonie faces a bearish pressure in recent days, as the price attempted to breach the 20-day SMA at 1.0262 unsuccessfully.
NZD/USD pair demonstrates significant bullish impetus today, after the price bounced from the 200-day SMA at 0.8245 last trading session.
After the whole week of consolidation below the 100-day and 200-day SMAs at 1.0394/1.0404 area, the pair finally shot up.
EUR/JPY pair hovers around the 20-day SMA for a fourth straight day, as the price is bounded by the monthly PP level at 122.45 and a 124.00 benchmark.
Yesterday USD/CHF slipped beneath the up-trend support line and the weekly PP level interacting at 0.9466.
USD/JPY finished yesterday's session around a 96.00 benchmark, as the price failed to step a bit higher and test an interception point of the monthly R1 and weekly R2 at 96.37.
GBP/USD experienced a very volatile trading session yesterday, as the price set a 160 pips wide daily range, but closed almost unchanged.
EUR/USD found a support around the Bollinger band at 1.2868 yesterday and advanced firmly almost reaching the weekly PP level at 1.2962.
NZD/USD was too weak to overcome the 20-day SMA at 0.8247 and enter the upper part of the Bollinger band.
"The Canadian economy has gone through its recovery and is now at the point where it had sort of run out of steam, and the U.S. economy had gone through its adjustment and is starting to emerge. The markets are paying more attention to that now." - HSBC Holdings Plc. (based on Bloomberg)Pair's OutlookUSD/CAD movement is bounded by the Bollinger bands
The Aussie failed to breach the 1.04 level for a fourth straight trading session, as the price fluctuates just beneath the 1.0394/1.0426 resistance, which is formed by the monthly R1; 100-day and 200-day SMAs.
EUR/JPY attempted to breach a 124.00 benchmark yesterday, but the pair was unable to accumulate bearish sentiments to push the price down to the monthly PP level at 122.45.
Being supported by the bullish trend-line, USD/CHF has been repeatedly challenging the resistance at 0.9512/0.9488.
USD/JPY is struggling to develop a rally, as a seemingly unimportant level at 95.22 has been preventing the price from stepping higher for the last few days.
The Cable proves to be unable to gain upward momentum, as a strong resistance zone 1.5243/27 discourages bulls from betting on appreciation of the Sterling.
An attempt to breach a 1.2970/61 area, which is formed by the 200-day SMA with the accelerated down-trend, did not turn out to be successful.
Although pair managed to advance a bit above 200-day SMA, but as expected did not spend much time there and at the moment is trading just slightly above the mentioned SMA.