USD/JPY pair exhibits radical changes in bears and bulls equilibrium.
The Cable filled the weekend's gap and attempts to continue the appreciation from a two-and-a-half year low.
The major currency pair continues to depreciate, as today the price dropped beneath the weekly S1 level at 1.3079.
NZD/USD remains above the major level, as the price jumped from 83.43, where the support lies since June, 2012.
In recent days the pair made a few tries to breach the 20-day SMA line, but all of them were unsuccessful.
The Canadian Dollar demonstrates weakness and depreciates for the second week.
EUR/JPY pair gradually depreciates, as the price fluctuates in a down-sloping channel with the upper boundary at 124.90, where the 20-day SMA is located, and the lower boundary at 122.50, where it merges with the weekly S1.
It appears that a falling trend-line at 0.9307/0.9294 has fully negated the upward momentum.
USD/JPY starts the week with a more than 100 pips wide void to the upside, proving topicality of a rising support line at 93.52/14, which did not allow further development of a dip.
At the moment the Cable is headed towards 1.5164 in order to fill the downside gap.
Decline of the price has been halted by a support area at 1.3199/28, which could potentially initiate an upward correction up to 1.3322, a recently breached major trend-line.
For the time being a major support zone at 123.29/122.70 is keeping the price away from lower levels.
The currency pair has stalled near the up-trend support line at 0.8357/32, as its yesterday's attempt to gain bullish momentum turned out to be unsuccessful.
Now there are few reasons to doubt that the upper edge of the bullish channel has been breached, being that the spot price is nearly 100 pips away from it.
Yet again intentions of AUD/USD to go deeper, towards the down-trend support line at 1.0127/12, have been refuted by 1.0243/24.
It seems like the down-trend resistance line was able to invalidate a scenario of a bullish breakout and commence a formation of a bearish wave that is expected to extend down to 0.8981 in the long term.
The rising trend-line at 93.18/92.50 appears to be sufficient in order to prevent development of a dip and is anticipated to trigger a surge that will initially encounter 93.52/48 and then aim for the 30-month high at 95.00.
A major area at 1.5264/21, consisting of several supports, has survived the initial attack of the price.
The currency pair has closed beneath the bullish support line, implying that the dip could extend even lower after the price undergoes an upward correction. In this case either 1.3199/43 or 1.3042 could act as a springboard.
Depreciation of the kiwi was stopped at the rising support line, reinforcing the idea that the medium-term outlook is still positive.
At the moment USD/CAD is violating the upper edge of the bullish channel pattern, where the rally was assumed to end and slowly turn into a dip.
AUD/USD has fallen sharply yesterday, effortlessly piercing through the initial target at 1.0299 and managing to reach 1.0243/21 during the day.
Support at 125.05/124.96 was unable to nullify the bearish impetus, but 123.29/122.84 has a higher chance of withstanding the selling pressure and thereby securing the bullish outlook.
USD/CHF has recently spiked below 0.9208/02, but was sent back up once the subsequent support at 0.9184/70 was reached.