After a near two-week flat, bounded by a 1.3380 upper line and a 1.3300 lower line, the major currency pair breaches a previous high.
USD/CHF gradually depreciates and has already settled beneath the 100-day SMA at 0.9296.
The major Asian currency pair recovered bullish sentiments and erased completely last three day losses, as the price has increased more than 200 pips yesterday.
The Cable demonstrates extremely bearish sentiments, as the pair depreciates for a second consecutive week.
The resistance area at 0.8489/53 played its role and did not allow the price to step any higher.
USD/CAD improves its success and has already attained 1.0014, which backs up the idea of 1.0056/49 becoming the next target.
AUD/USD is currently probing the support at 1.0476/52 after nose-diving from the local peak at 1.0588/59.
Even though the surge was expected to emerge later, as bullish signals sent by the technical indicators were weak, today we witness how the market reacts to the test of 117.90/39, which has once again proved to be of great importance to traders.
Pair corrected its price after an almost week long rally from 0.912 to 0.939, but 100-day SMA proved to be enough of a support to keep the pair above 0.93.
Pair was posing for a major dip, but, the same as last week, it received bullish impetus from monthly R1 proving that 88.40 has become a strong support level for the pair.
For the past 5 days pair has been trading in monthly S2 (1.587) and 1.580 boundaries.
For the past 5 days pair has been trading around 1.3325 where we can find this weeks pivot point.
The New Zealand Dollar is not losing its pace of appreciation despite proximity of the strong resistance area at 0.8489/53.
USD/CAD did not confirm a breakout from the down-trend resistance line on Jan 22, receding away from the 200-day SMA.
The upward impetus that was received by the AUD/USD currency pair yesterday was insufficient to throw the pair above 1.0577/59, exposing exhaustion of bulls.
EUR/JPY had time today to descend down to 117.04, but bulls proved to be on guard, having already sent the price back above 117.90—the upper edge of the key support area that defends the medium-term positive bias towards the currency pair.
A bullish trend during the last two weeks reversed with a strong bearish impetus, as the price has decreased to a 0.93 benchmark yesterday and currently is testing the 100-day SMA at 0.9298.
The major Asian currency pair declines for a third trading session, as open-ended stimulus programme will start to be implemented only since 2014.
The Cable experiences hard times, as the price sharply depreciates for the ninth consecutive session.
The major currency pair fluctuates around the weekly PP level at 1.3326 and the monthly R1 at 1.3373 and after three attempts last week is still unable to breach it.
Unlike USD/CAD, this currency pair moves according to positive signals given by the majority of technical studies after encountering the 20-day SMA.
The down-trend resistance line failed to stop USD/CAD from recovering and thereby exposed 0.9947.
The demand for the Australian Dollar has considerably increased since yesterday, as reflected by the most recent spike in the chart.
An initial weak support at 119.08 gave in and the currency pair is presently testing a subsequent level at 117.90/11, which is of the substantially greater significance.