The pair just started a rally we anticipated yesterday, but until the candle closes there is enough time for it to be negated by the bears.
After hitting the resistance at 1.0228/14 the U.S. Dollar was sold off down to the interim support line at 1.0182, although it is not expected to hold the pair from reaching lower levels.
The currency pair still gravitates towards 0.9400/0.9371, but at the same time does not seem to possess sufficient amount of bearish momentum—it was gradually lost while AUD/USD was trading in the 0.9843-0.9387 area.
EUR/JPY moved north more than initially anticipated, but its outlook will remain bearish as long as the rising resistance line stays intact.
Pair failed at the 0.925 and at the moment is being supported by the 0.92. Rather unexpectedly, pairs outlook, as indicated by technicals, became much more negative.
After a slow but confident appreciation initiated by the monthly S2/Fibo 38.2% (November, 2012, to May, 2013, move) pair has met some resistance provided by the weekly PP at 95.8. it indicates that pair is still facing significant pressure.
As anticipated pair has reached new marginal high and failed. It dipped to 1.556 and after recovering some of its losses at the moment is hovering above the 200-day SMA.
After being supported by the weekly PP for some time pair is currently hovering slightly below 1.34 and seems to be aiming at 1.345 area.
NZD/USD has already pulled back to the down-trend line it has recently breached, suggesting that bearishness is about to end and thereby give way to a rise up to 0.8161/49.
A weekly pivot point at 1.0182 turned out to be weak, being unable to stop U.S. Dollar's appreciation.
Seemingly strong AUD/USD's rally from the three-year low is currently being quickly trimmed, as the resistance at 0.9577/57 gained the upper hand in the end, sending the pair back towards 0.9387/71.
At the moment EUR/JPY is combatting with the resistance zone that stretches from 127.08 up to 127.71.
For the second day in a row pair is testing 0.925.
Pair is sitting at the Fibo 38.2% (November, 2012, till May, 2012, move).
Although technicals suggest that pair will continue appreciating it becomes more and more likely that we might see a bearish correction.
Pair is heading towards replicating yesterdays session. Although short term technicals give ideas that weekly PP might send pair testing 1.345 area.
The currency pair appears to have lost its upward momentum after respecting Mar 13 low at 0.8161, as today NZD/USD does not exhibit any activity.
USD/CAD is slowly grinding lower and is anticipated to move in the same direction in the near term.
After a short correction observed last Friday AUD/USD is ready to recommence its advancement en route to 0.9857/25, even though the path is obstructed by an intermediate resistance zone at 0.9736/11.
Last week EUR/JPY, exhibiting strongly bearish sentiments, nearly reached the support at 124.30, which is the monthly S2 level.
After dipping till 0.91 pair has hovered back above 0.92 and at the moment is testing strong resistance around 0.925.
Pair unsuccessfully tested Fibo 38.2% (November, 2012, till May, 2013, move) few times last week and at the moment it seems that pair might gave received a bullish impetus from it.
Short term technicals point at further appreciation of the pair. However, we should pay attention the sell signals given by the RSI and the Stochastic indicators.
Pair started the week rather passively and at the moment is hovering above the weekly PP at 1.330.