NZD/USD sharply appreciates since yesterday, as the price was below the weekly PP level at 0.8472, but found bullish momentum and advanced towards the major resistance at 0.8534.
The loonie is not pampered with strong bullish sentiments, which could potentially support price's growth.
The Australian Dollar is considered as a proxy to risk-on sentiment; thus, after very positive labour data the Aussie pair sharply appreciates.
Today EUR/JPY appreciates from a 128.00 benchmark on the U.S. unemployment data, which indicated a positive improvement in the U.S. labour market.
A strong surge was stopped by the weekly pivot point and the 20-day SMA, and now the currency pair is headed towards some of the lower levels.
A similar situation to the current one was observed a month ago, when the price did slip below the up-trend support line, but has subsequently managed to return into the bullish channel.
GBP/USD has just reached the upper boundary of the channel up pattern. Consequently, the selling has set in and may continue for some time, being that there are no notable support levels nearby.
Yesterday's plunge has effortlessly penetrated some of the supports, including 1.3104; however, a combination of 20 and 200-day SMAs with weekly and monthly pivot points did not allow further depreciation of the single currency.
The kiwi depreciates for a second day after touching the weekly R1 level at 0.8587.
Seems that the weekly S2 level is more sustainable as it might be thought from the first sight.
The Australian Dollar is pressed by investors' concern that the global economy is slowing down, pushing traders to take the risk off position.
EUR/JPY pair is on an upside track, as the European Central Bank announced that the key interest rate is cut to a record low.
Since the FOMC did not deliver any concrete decision about the U.S. monetary policy yesterday, the pair takes a break at a random level at 0.9270, where no supports are located.
Even thought the major Asia's currency pair depreciates and has just settled beneath a long term support level at 97.81, USD/JPY bounced to the weekly S1 at 96.98.
The Cable is on a positive track, as country's macro data indicates a positive performance and recovery of the economy.
The common European currency is traded in a narrow range between the Bollinger band at 1.3192 and the weekly R2 at 1.3168.
The New Zealand Dollar maintains a strong correlation with other Oceania currencies and depreciates heavily from the weekly R1 level at 0.8587.
The loonie finally found a reasonable support level, which is the Bollinger band positioned at 1.0059, and reversed the movement north direction.
The Australian Dollar was unable to maintain bears' pressure and the price sharply dropped today.
EUR/JPY pair fluctuates in the lower Bollinger band part between a 127.00 benchmark and the 20-day SMA at 128.85.
Depreciation of the U.S. Dollar relative to the Swiss Franc revs up—the pair dropped from a 0.9373 level to a 0.93 benchmark yesterday.
The bullish trend-line at 97.81 was overcome easily yesterday, being that the price slipped from it sharply towards the Bollinger band and the weekly S1 at 96.98.
Investors continue to buy the Cable, as positive sentiments persist from the GDP data announcement, which indicated the first growth of the economy after a recession.
The major currency pair moves in the line with market expectations regarding economic stimulus from the European Central Bank.