Situation in USD/CAD pair is ambiguous, as the pair is still bounded by the resistance at 1.0326, but the price does not demonstrate any bearish sentiments.
AUD/USD fluctuates around the 20-day SMA for a third straight day, while being unable to breach it.
After a gradual appreciation, moving just above the 55-day SMA during last week, the pair skyrocketed and effortless broke through the 20-day SMA at 123.06.
USD/CAD ended yesterday's trading session just at the major resistance level at 1.0326, the start of which dates back to October, 2011.
The pair is bounded by the 100-day and 200-day SMAs, fluctuating in this range already for the second week.
AUD/USD bounced to the weekly PP level at 1.0235 yesterday and today sharply appreciates, threatening to enter the upper Bollinger band's part and reverse trend to bullish.
Last week EUR/JPY appreciated and perfectly repeated the 55-day SMA movement, but was bounded by the weekly PP resistance at 121.89.
USD/CHF surges noticeably, as the price increased from the 200-day SMA at 0.9385 to the monthly R1 level at 0.9488.
As the U.S. Index stepped to the new highs and reached the highest point in last six months, USD/JPY pair does not demonstrate such ensured movements north.
The Cable fluctuates in a wide range with the upper boundary being the weekly R1 at 1.5175 and the lower boundary being the 1.50 level.
The major currency pair dropped heavily yesterday, as the price was pushed beneath the major support line at 1.3044.
The pair is losing its momentum, as, although it is above monthly PP at the moment, it does not seem that the price might stay there for long.
Pair has been testing the strength of the weekly PP and, consequentially, 1.03 area this whole week.
Momentum, which pair gained after bouncing from 1.01, remains strong as it seems that pair managed to breach a cluster of levels at 1.0288/77.
For the fourth consecutive day pair is trading in rather narrow, 100 pip wide, range between 121.15 and 122.15 staying between weekly PP and 55-day SMA.
Even though in the short run there are few doubts about the surge, since most of the daily studies are bullish and the price has gained a strong foothold above the 200-day SMA, the medium- and long-term prospects are much less clear.
The U.S. Dollar is softening, but this process could be halted by 92.89/66, from where the currency pair can re-start the recovery.
Yesterday the Cable tested the resistance area at 1.5227/1.5175, proving that the strength of supply there is unlikely to let the price rise beyond it.
From the current perspective it appears that the recent breakout was fake and the major down-trend support line at 1.3058 remains topical for the market.
Before the close yesterday, pair managed to dip 45 but advance 80 pips.
Daily technical indicators speak about pairs potential and propensity to advance above 1.03, but it seems that for the moment pair lacks catalyst which could start and fuel the rally.
Pair dipped by more than 95 pips yesterday, but continues to appreciate after receiving a strong bullish impetus from monthly S1 at 1.011.
It seems that there is a significant pressure on the pair put by weekly PP as for almost a week it cannot advance above 122 mark.
Yesterday the currency pair has confirmed a positive outlook by closing above the support at 0.9400/0.9387.