After choppy session yesterday which raised some doubts that we might see a bearish correction to 0.925 pair found support at 100 day SMA at 0.93 and at the moment is testing monthly R1 at 0.9325.
Pair managed to slip slightly below 88 JPY mark, but at the moment is stuck between weekly PP and monthly R1 after receiving a bullish impetus from weekly S1/20-day SMA at 86.65.
Pair has stabilized after a 100 pip dip yesterday as it received some support from Bollinger band.
It seems that pair has received a bullish impetus and is planning to resume its last weeks rally after a bearish correction which took place in the first part of this week.
Similarly to AUD/USD, this particular currency pair is trading sideways and does not demonstrate any strong signals for now.
Even though the up-trend support has been eroded, the pair hesitates to extend the dip and is now re-testing the bullish trend-line from below.
The currency pair stays largely undecided in the region between an overhead area, a combination of 1.0579 and 1.0624/00, and a support level at 1.0534/33.
The pair is moving further away from resistance at 120.40, but is also reluctant to fall beneath 117.90/39 that stands for now.
After a 200 pip rally this week pair met first major resistance at monthly pivot (R1) at 0.932.
Pair depreciates for the second day, but remains in the boundaries of strong bullish channel which should be taken in to account seriously due to the readings of technical indicators and weakening bearish sentiment.
After a rather volatile session yesterday which was caused mainly by the fact that pair was trading at 55 and 100-day SMAs intersection point where it received a bearish impetus.
After a commendable rally to 1.338 area, main currency pair is continuing to depreciate.
The spot price is increasing the distance from the key resistance zone at 0.8476/53, testing a nearby line at 0.8370.
USD/CAD is currently unable to overcome the force of gravity towards 0.9848/37 and is thus charting candlesticks with minimal differences between daily highs and lows.
The price stays in a narrow corridor between a wide but nevertheless dense resistance area at 1.0624/1.0575 and a support line at 1.0534/33, reliability of which is still under question.
EUR/JPY has faltered ahead of 120.40/119.94, but the dip should not last for a prolonged period of time, being that there are currently no strong "sell" signals, such as a bearish pin bar.
USD/CHF sharply appreciates for the second consecutive trading session.
The major Asian currency pair depreciates from a 30-month low, as technical gauges indicate an overbought situation.
The Cable has sharply depreciated yesterday, reaching an interception point of the 55-day and 100-day SMAs at 1.6075.
The major currency pair eases its appreciation pace, as yesterday it fluctuated in a narrow range around the monthly R1 at 1.3373.
As would be expected, price chart of NZD/USD in many ways resembles AUD/USD, since the currency pair is also unable to climb over a resistance zone, but in this case the one that resides at 0.8476/50.
USD/CAD is returning back to the up-trend resistance line that was forming a lower edge of the triangle pattern the price has breached recently.
AUD/USD continues its struggle with resistance at 1.0624/1.0575, but yet remains unsuccessful, being constantly sent away from it by presence of a strong selling pressure.
The currency pair is gradually slowing down ahead of 120.40, somewhat losing its bullish momentum following a breach of 117.90/39.