USD/CAD trades in a very narrow channel last three days, as the price is bounded by the 20-day SMA at 1.0258 and the weekly PP at 1.0285.
The Aussie faced a big drop yesterday, as it slipped to the weekly PP level at 1.0304 without any reason from a technical analysis perspective.
EUR/JPY pair trades in a narrow range, as the price fluctuates between the monthly R1 at 126.16 and the weekly PP at 124.00 for a second week.
Pair depreciated by almost 100 pips in the beginning of the week, but found support at weekly pivot (S1) at 0.9427 and managed not only to recover these losses in the single day, but advance above 0.95 mark.
Pair has appreciated by more than 80 pips in the last few days and, according to the short and medium term technicals, is likely to maintain bullish direction.
In the past 3 days pair managed to appreciate by 150 pips and at some point seemed like it might attempt to return above 1.5, but at the moment it seems that whole enthusiasm has worn of and we might expect only some minor moves for the time being, maybe even till the end of this whole week.
Pairs consolidation at 1.3 was short lived as it tumbled by 140 pips yesterday.
After an attempt to breach the weekly PP level at 0.8247, today the price reverses and breaches the 200-day SMA at 0.8237.
The pair touched the 20-day SMA yesterday and that sparked a bullish impetus, bringing the price back to the weekly PP level at 1.0285.
AUD/USD depreciates today, easily slipping through the weekly R1 level at 1.0304.
EUR/JPY pair depreciates from the monthly R1 level at 126.16, as a bearish pressure was too big to allow the extension of last week's bullish trend.
NZD/USD stepped higher for a third trading session in a row, as the pair closed above the weekly PP level at 0.8247 yesterday.
USD/CHF pair depreciates for a third straight trading session, as yesterday the price attempted to make a counterattack and breach the monthly R1 level at 0.9488, but it was totally unsuccessful.
]Yesterday USD/JPY was unable to handle bearish pressure and sharply decreased, dropping through the Bollinger band and the monthly R2 at 96.37.
The Cable closed unchanged yesterday, but during the trading session the price touched the monthly S1 level at 1.4867 and almost the lower Bollinger band, which was located at 1.4804.
EUR/USD found support around a 1.30 benchmark, which demonstrates a high degree of magnitude and does not allow the price to move far away.
USD/CAD continues to gradually depreciate and is about to test strength of a bullish trend, as the 20-day SMA is just below.
AUD/USD continues its trip north, as the price skyrockets for a second straight day and has already reached the upper Bollinger band at 1.0348.
At the end of yesterday's trading session the pair surged up to the monthly R1 level at 126.16, but EUR/JPY was unable to breach this resistance in the first attempt.
Yesterday the price sharply depreciated and slipped beneath the monthly R1 and weekly PP levels at 0.9488.
USD/JPY is traded at a more than three-year high, as the price increased to the monthly R2 level at 96.37.
GBP/USD price is basically unchanged in the recent days, but still it remains under bullish pressure and gradually depreciates.
As usual, Monday's trading session was not very volatile and yesterday the price fluctuated around a 1.30 benchmark, reaching the weekly PP at 1.3026 in the end of the session.
NZD/USD remains limited by a channel formed by the 100-day SMA and 200-day SMAs.