The latest rally of EUR/JPY still lacks consistency, but the support at 132.20/09 nonetheless remains intact.
Pair maintains it's bullishness and stays in the accelerated uptrend after a bounce from the 50% retracement of July to August move.
It seems that bulls are taking a step back after reaching new relative high as short term RSI and Stochastic indicators point at the weakness of the pair.
Pair continues to demonstrate bullish attitude, but gains of 30 and less pips this week suggest that there is no strong catalyst behind the pairs movements.
Despite the recent gains it is obvious the pair is on the defensive and cannot advance above the 0.93 resistance area.
The currency pair continues to struggle with 0.82, as it yet has to close above this resistance. Still, the 200-day SMA has already given in, meaning the medium-term outlook on the New Zealand Dollar is rather bullish than bearish now, with the April high at 0.8676 as a likely target.
Yesterday USD/CAD fetched 1.0285/71, the area that is supposed to prevent the currency pair from moving any lower in the nearest future.
AUD/USD has already attempted to surpass the monthly R2 at 0.9379 twice since the beginning of this week, but the pair remains unsuccessful, failing to decouple from the support level at 0.9321.
A recovery did not stop yesterday—EUR/JPY is currently developing the progress, though the rally still appears to be rather shallow for the time being.
Pair started the week giving bullish signals, but is seems that 93 cent area will push the pair lower.
Pair seems to be somewhat supported by the 55 and 100-day SMAs, but capped by the weekly PP at the same time.
Pair remained much more bullish than anticipated and is showing the first signs of slowing down.
Pair continues to hold in accelerated uptrend which started on the 6th of September and by doing so aims at August high at 1.345.
Previously we presupposed that there will be sufficient selling pressure between the levels of 0.82 and 0.81 not to let the currency pair to trend higher after bottoming out at 0.7682.
The assumption that the bears gave up in the second part of the last week did not prove to be true.
Apparently, traders over the weekend rethought their attitude towards the Aussie, as a result of which AUD/USD opened notably higher than its last week's close and is testing the monthly R2.
The support at 132.20/09 remains intact for now, but is on the verge on being breached.
Pair started the week significantly below/above any of major resistance/support levels.
Pair started the week noticeably lower than the last weeks closing price.
June high seemed to be causing trouble in the end of the last week, but as we can see pair started the week by forming new high.
Pair started the week above the key level of 1.33 which provide additional bullish impetus.
The kiwi continues to defy the existing resistances and is preserving the bullish tendency it commenced on Sep 1.
The U.S. Dollar seems to have seized losing value a few steps away from the key support area at 1.0285/67 formed by various studies, including the 200-day SMA.
While yesterday AUD/USD was distinctly bullish, today the currency pair lingers at its open price, being buoyed by the 100-day SMA.