EUR/USD is still struggling to decouple from the monthly pivot point, as it is apparently facing tough resistance.
The pair still is stuck between the monthly and weekly PPs (0.8570 and 0.8615).
The greenback appreciated against the loonie today and the pair moved closer to the weekly R1 at 1.1055.
The Aussie has dropped sharply, it lost about 100 pips today and the pair is trading below the weekly S1 at 0.9293, this decline was heavily impacted by the informational shock.
Today EUR/JPY breached the monthly PP at 141.70 and headed towards the major level at 142; however, when the level was reached a decline followed.
Apparently, the bullish impetus USD/CHF received near the monthly S1 two weeks ago was not enough to throw the pair over the one-year down-trend.
The currency pair is currently retreating from the resistance zone consisting of the monthly PP and 100-day SMA.
GBP/USD's foray into the zone above the February high yesterday was not fruitful and the resistance at 1.6822/14 still remains intact.
Although the monthly pivot point has been recently breached, the bearish tendency did not gain traction and EUR/USD returned to 1.3815.
Today NZD/USD currency pair approached the weekly PP at 0.8615 and by doing that it also breached the major level at 0.86.
USD/CAD is little changed and it continuously trades slightly above the 100-day SMA at 1.1006.
The pair is being pushed higher by the 20-day SMA and at the current moment it is trading just above the weekly PP at 0.9359.
EUR/JPY rose slightly and it is still struggling to break the monthly PP at 141.70.
USD/CHF continues to disregard the bearish technical indicators and it is now about to re-test the downward-sloping trend-line at 0.8857.
Monthly pivot point at 102.72 turned out to be tough and unwilling to let the U.S. Dollar to advance further.
While EUR/USD is already on the move, the Cable still stays inactive.
Despite a plethora of ‘buy' signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact.
It looks like the Kiwi is starting to lose its bullishness, last week the pair fell beneath the 20-day SMA.
The U.S. Dollar is continuing to strengthen against its Canadian counterpart, last week the pair traded around the 100-day SMA.
Last week the pair declined slightly and in the previous three trading days currency pair's trading range has remained basically unchanged.
Last week EUR/JPY appreciated and it broke such levels as the 20-day, 55-day and 100-day SMAs; however, it was stopped by the monthly PP at 141.70.
The resistance at 0.8835/28, consisting of the 20 and 55-day SMAs, cooled the appetite of USD/CHF after it violated the monthly pivot point and now the exchange rate is drifting sideways.
USD/JPY stays bullish, even though it is presently facing a series of tough obstacles.
GBP/USD stays dangerously close to the February high.