Resistance at 0.9545/56 was unable to restrain USD/CHF and to prevent it from surging for a prolonged period of time. The next notable level lies at 0.9628/59, where the pair will encounter more serious opposition, breach of which will pave the way towards 0.9692 and 0.9761, since positive outlook is likely to persist until 0.9342/0.9293 is violated.
Rally above 79.84 was not sustained, which may lead to a return to a key support area at 79.58/32 despite buy signals of daily technical indicators. In case the zone does not withstand bearish pressure, additional levels at 79.12 and 78.68/40 might come into play, though such scenario has a little chance of unfolding. In the long-term we expect USD/JPY
GBP/USD has fallen through 1.5628/25 and stopped near 1.5583, from where it may start a short bullish correction, while the current dip is likely to extend lower afterwards. The nearest level, viewed as capable of reigniting bullish behaviour, is at 1.5536, followed by 1.5492 and 1.5395/89. From above the pair is capped by 1.5711/66, penetration of which would signify resumption
The currency pair has breached a support line at 1.2584/66 and is approaching a subsequent level at 1.2476, which is unlikely to provide sufficient resistance in order to delay to a significant extent movement of EUR/USD lower. Additional levels are to be found at 1.2430/1.2386 and at 1.2299. Rallies on the other hand should be contained by 1.2566/84 and 1.2646.
The Kiwi dollar inched higher against the US dollar, and as the bullish sentiment holds, 0.8082 is likely to be the first initial resistance (61.80% Fibo). Once this level is breached, 0.8166 (R2 Weekly) and 0.8227 (R1 Monthly) are going to be next targets among bullish traders.
The American Dollar has fallen lower against the Canadian dollar since yesterday. If bearish impetus to strengthen, 1.0103 (200-day SMA Weekly) is likely to be the first target for bulls, followed by 1.0299 (R1 Weekly) and 1.0327 (Upper Bollinger band), respectively.
AUD/USD managed to maintain positive dynamics after breaching 200-day SMA as the pair is heading towards an initial resistance at 1.0347 (R1 Weekly). A breach of this line would clear a way to 1.0464 (R1 Monthly) and 1.0574 (23.60% Fibo).
EUR/JPY moved lower today, breaching the 55-day SMA. In case bearish inertia strengthens, 101.50 (Upper Bollinger band) is going to be the first target for bulls. Once this level is successfully pierced, 102.17 (R1 Weekly) and 103.31 (200-day SMA; R2 Weekly) will be exposed.
The currency couple is currently struggling with 0.9544/56, which provides enough resistance in order to negate buy signals from medium and long-term indicators and to contain rallies of USD/CHF. Once this area is breached, 0.9628/56 should be targeted next. In case bears are activated and dips start to emerge, supports at 0.9497/89 and at 0.9432/13 are to stand in their
USD/JPY lifted from 79.56/31 and bumped into an interim resistance at 79.84. The currency pair is indeed gaining bullish momentum, which, however, is still fragile and equivocal. Later on resistances should be encountered at 80.46/61 and at 81.04/28, provided we see continuation of yesterday's rally after 79.84 is overcome.
Yet another attempt of the Cable proved to be unsuccessful in the face of an impenetrable for now resistance area at 1.5734/70. Higher levels lie at 1.5823 and at 1.5855/98, but are far from the danger of being challenged at the moment. The initial support may and is very much likely to be found at 1.5632/1.5583, while subsequent zones are
EUR/USD has stalled at 1.2584/66, being unable to pierce through the support at the very first attempt. However, this does mean the pair is about to rebound strongly from it and commence recovery up to 1.2730/62, even though we may not yet rule out such a scenario. The price is still expected to fall below 1.2584/66, given that most of
The New Zealand dollar moved higher against the US dollar, and presently the course presently holds an initial resistance at 0.8082 (61.80% Fibo). Once this level is breached, 0.8166 (R2 Weekly) and 0.8227 (R1 Monthly) are going to be next targets among bullish traders.
The American Dollar has slipped lower against the Canadian dollar since yesterday. If bullish reversal to occur, 1.0229 (PP Weekly) is likely to be the first target for bulls, followed by 1.0299 (R1 Weekly) and 1.0327 (Upper Bollinger band), respectively.
AUD/USD sustains positive tendency as the pair is approaching 200-day SMA. If eventually a breakout here emerges, bulls are likely to continue advancement and 1.0347 (R1 Weekly) might become an initial resistance level for bullish investors. A breakout here would expose 1.0464 (R1 Monthly) and 1.0574 (23.60% Fibo), respectively.
The common European currency moved higher versus the greenback as the pair attempts to maintain bullish impetus. In case it holds further, 101.50 (Upper Bollinger band) is going to be the first target for bulls. Once this level is successfully pierced, 102.17 (R1 Weekly) and 103.31 (200-day SMA; R2 Weekly) will be exposed.
The exchange rate has already reached an initial resistance at 0.9544/0.9561 thus reinforcing our view USD/CHF is well-placed for further gains. Once 0.9544/61 is eroded, subsequent level at 0.9625, which in turn guards 0.9665 and 0.9701, will be targeted next. Dips in the meantime should be limited by 0.9497/81 and 0.9433/10.
As expected, USD/JPY surged from 79.53 and is about to confront in interim resistance situated at 79.84, which is unlikely to prevent the pair from advancing further. Serious challenge awaits the currency couple at 80.41/63, however, it may still may be a subject to a fall down to 79.31/12 before it manages to fully restore bullish outlook and start aiming
Despite GBP/USD edging higher, currency pair's current upward momentum is deemed too weak to overcome 1.5733/35 at the moment. Therefore the price is likely to bounce off this resistance and perform a bearish correction down to 1.5624/20 or even to 1.5570/34 prior to commencing robust recovery up to a long-term target that lies at 1.6140.
EUR/USD was unable to sustain Friday's rally due to an encounter with a tough resistance located at 1.2671/84. This has lead to a pullback to a support at 1.2587/73, which may trigger some temporary short-squeezing, but is expected to be soon eroded nevertheless. Additional levels are to be found at 1.2483 and 1.2418/1.2399, since the overall outlook remains bearish.
The Kiwi dollar inched higher against the US dollar, and at the moment the pair is heading towards an initial resistance at 0.8082 (61.80% Fibo). Once this level is breached, 0.8166 (R2 Weekly) and 0.8227 (R1 Monthly) are going to be next targets among bullish traders.
The US dollar has been trading flat against the Canadian dollar, stabilizing around the 55-day SMA. If bullish reversal to take place, 1.0229 (PP Weekly) is likely to be the first target for bulls, followed by 1.0299 (R1 Weekly) and 1.0327 (Upper Bollinger band).
AUD/USD remains bullish though it inched slightly lower today. If the bullish momentum holds further, 1.0347 (R1 Weekly) is likely to be the next target. A breakout here would expose 1.0464 (R1 Monthly) and 1.0574 (23.60% Fibo), respectively.
The single European currency moves lower against the US dollar after investors' cheer over the EU summit agreements phased out. Thus, as the bearish bias holds, 100.24 (PP Weekly) is going to be an initial support level for bears, while a breach of this line would expose the second and the third resistance levels at 99.30 (PP Monthly) and 98.63 (Lower Bollinger band), respectively.