USD/CHF stays positively charged and it continues to close the gap between the spot price and the key resistance at 0.8900/0.8882, a test of which is expected to determine next move of the pair.
USD/JPY remains unable to penetrate supply zone created by the 20 and 55-day SMAs.
The Cable stayed on a bullish path and, as a result, rose up to one of the key resistances.
EUR/USD remains trapped between the resistance at 1.3846/31, represented by the weekly PP and 20-day SMA, and the down-trend support line.
At last we start to see some movements in the NZD/USD currency pair as it has appreciated throughout yesterday and today.
Today USD/CAD extended its fall and reached 20-day SMA at 1.1126; however, it bounced back to trade just below weekly PP at 1.1176.
Pair maintains bullish momentum and is pushing higher. It has eroded 92 cent mark and we expect it to push higher.
Despite the continuous attempts to push the pair lower, bulls managed to keep it afloat above the Ichmoku cloud.
Seemingly with certain difficulties, but USD/CHF nonetheless continues to grind higher in spite of the technicals that mostly give ‘sell' signals.
Regardless of constant attempts to break the 20 and 55-day SMAs, the resistance stands its ground and does not let the currency pair to rally.
Despite a recent dip beneath the 2011 highs and 100-day SMA, GBP/USD managed to recover in a short period of time and it is already testing the weekly PP at 1.6538.
Although the support near 1.38 did in fact prevent further depreciation of the Euro last week, for now the currency still remains unable to restore an upward momentum.
Today we have seen little change in NZD/USD currency pair, in fact during the last ten trading days it has traded mostly around current levels.
USD/CAD has declined slightly and has breached monthly R1 at 1.1197 and at the moment it is supported by weekly PP at 1.1176.
Pair is pushing higher and reaching new 2014 after it bounced from the 20-day SMA yesterday.
Pair remains in the vicinity of 141 JPY and we expect it to remain here in the nearest future.
Regardless of breaching an important down-trend resistance line, USD/CHF seems to be lacking upward momentum to reach a key supply area near 0.89.
USD/JPY's thrust forward yesterday was negated later on, and the currency pair returned back beneath the 55-day SMA as a result.
The Cable turns out to be hesitant at the moment, as it neither extends the recent losses nor does it erase them, but gravitates towards 1.65 instead.
As suspected, the support at 1.38 was enough to prevent further depreciation of the single European currency.
Last week we saw some major movements, but at the end of the week it was trading basically at the same level where it started.
At the second part of the last week the pair gained some bullish momentum and broke monthly R1 at 1.1197.
Pair is demonstrated increased levels of volatility today, but seems to have stabilized and at the moment is posing to reach new 2014 high.
Pair started the week at the last week's closing level and peaked till weekly R1.