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.
The currency pair has been capped by 0.8453/35, which did not let the price to test an additional resistance zone at 0.8492/76.
After a prolonged period of hesitation USD/CAD has finally confirmed its bearish intentions, as a rising support line has been breached, though 0.9837/08 still holds and is expected to decelerate development of a down leg further on.
The initial test of 1.0576/60 by AUD/USD proved to be unsuccessful and could result in a dip down to 1.0534.
EUR/JPY has exceeded our most optimistic estimations for the previous day, as Jan 10 was marked with a close above 117.90.
USD/CHF sharply depreciated yesterday, as the price reached the 55-day SMA at 0.9265, but the bearish pressure from the Euro was too big to resist, therefore the pair slipped to the lower part of the Bollinger bands, almost touching the weekly S1 at 0.9115.
USD/JPY pair demonstrates unlimited expectations about a monetary easing expansion from the BoJ.
GBP/USD reversed its trend and quickly appreciated above the 55-day SMA and even reached the 20-day SMA line at 1.6142 yesterday.
EUR/USD pair skyrocketed yesterday, as the ECB has announced that the key interest rate is kept unchanged.
NZD/USD has jumped towards 0.8492/76, but is yet to climb over 0.8453/32 first to test it.
The struggle between bulls and bears drags on without any notable progress, as the pair remains just above 0.9837/08, but is more probable to end with USD/CAD breaching this support in the end.
The price has forcefully dented into a resistance zone at 1.0560/34, but is anticipated to have a hard time getting any further, since a nine-month high is situated nearby—at 1.0624.
EUR/JPY has rocketed from the accelerated bullish trend-line and is already testing resistance at 116.68/35, while 117.90 is also within reach, being the highest level during the last 18 months.
USD/CHF pair has breached a down-side resistance yesterday and continues to move towards a 0.9276 level, where the Bollinger band and the 55-day SMA are located.
USD/JPY pair has performed a noticeable bullish movement in yesterday's session, as the price increased by 120 pips and was very close to the previous high at 88.39.
GBP/USD extends its bearish movement and gradually depreciates along the lower Bollinger line.
The major currency pair continued to depreciate, as the price gradually slips towards a 1.3017/1.2983 area, where the lower Bollinger band, 55-day and 100-day SMAs form a major support level.
Perspectives of NZD/USD in the medium term are from neutral to bullish, since the rising support line should be carried on being respected by the market until March—this view is also reinforced by longer term technical indicators.
USD/CAD continues to trade in a narrow corridor, as market participants stay undecided and wait for more clearer signals to bet either in favour or against the U.S. Dollar paired with the loonie.
Despite the difficulties the pair has been facing lately, the price remains in an up-trend and should soon challenge 1.0560/34, where the it is expected to be strongly bid.
Bulls are likely to be reassured in the positive outlook on the currency pair by the most recent action of the pair, even though the day is not yet closed and it may be too soon to draw conclusions.