The common European currency slightly surged on Monday, as it moved to the 1.1088 level after bouncing off the 200-day SMA at 1.1078.
The Kiwi fell below the 38.20% Fibo retracement against the US Dollar on Friday, as the Greenback gained strength on Non-Farm Payrolls data release.
Due to much higher than expected US Non-Farm Payrolls data, the US Dollar skyrocketed on Friday against other majors. This also included the Canadian Dollar,
The common European currency surged against the Japanese Yen on Friday, which put an end to a three consecutive session fall of the currency exchange rate.
The Aussie remained almost unchanged against the US Dollar on Friday, as the exchange rate lost nine pips during the session.
As the key levels are still intact, the medium-term outlook remains mixed, although near-term risks are skewed to the upside.
The immediate outlook on the Cable is bearish, as the currency pair once again failed to break through supply at 1.33 last week.
The yellow metal fell sharply on Friday, as the bullion erased all gains of the previous week.
The common European currency fell below the monthly PP against the US Dollar on Friday, as the pair even touched the 1.1046 level during Friday's trading session.
"With the Canadian dollar strengthening against the US dollar as oil prices rise above $41, I expect some more weakness for the USD/CAD pair over the coming days and a possible pull back even towards 1.29.''- Alexandros Yfantis (based on investing.com) Pair's Outlook The Greenback fell below the monthly PP at 1.3043 against the Loonie, and the pair almost touched additional support level comprised of
"The market should continue to have resistance above and extending all the way to the 0.73 level." - based on FX Empire )Pair's Outlook As the NZD/USD currency exchange rate rebounded against the resistance cluster below it, from 0.7163 to 0.7133, the rate surged and ended day's trading session at 0.7176. On Friday the Kiwi continues to appreciate against the Greenback, as
"The EURJPY shows instability due to the continuous negative pressures coming by the main indicators, affected by the stability of 112.50 support that blocks any new negative attack ‘'- based on economies.comPair's Outlook The common European currency fell below the first weekly support line at 112.93 on Thursday against the Japanese Yen, as the pair ended day's trading session at 112.67.
Support at 100.70 holds, meaning there is still a good chance of a rally, first up to 103 and then up to 105 yen.
A more dovish tone from the BOE pushed the price further away from 1.3350 and below 1.32, which we expected to hold.
The yellow metal continues to fluctuate just below the level of 1,365, which it reached on Monday.
The common European currency fell to 1.1126 on Thursday against the Greenback, and the pair almost touched the monthly pivot point at 1.1107.
The common European currency is in its third consecutive session of depreciation against the Japanese yen
The Aussie is appreciating against the US Dollar on Thursday after suffering minor losses on Wednesday.
The US Dollar fell against the Loonie on Wednesday, as it moved below the weekly pivot point at 1.3100 and ended day's trading session at 1.3068.
The Kiwi fell sharply on Wednesday against the US Dollar. However, the pair found support in the cluster, which was located below it.
So far support at 100.70, represented by the 2014 low and 50% retracement of the 2012-2015 up-move, is able to hold off the bearish pressure.
GBP/USD trades lower today in anticipation of the BOE's decision on the interest rate.
The yellow metal bounced off the first weekly resistance at 1,366.06 and fell to 1,357.25 on Wednesday. At the start of Thursday's trading session the bullion has fallen even more
The common European currency depreciated against the US Dollar on Wednesday, as it stopped its previous surge and dropped to 1.1149 by the end of day's trading session.