Pair seems to be looking for an impetus which could kick it higher, but, as we can see from short and medium term technicals, there seems to be no catalyst in the market.
Pair remains stable slightly below the weekly PP/20-day SMA and does not look like anything could change soon.
It seems that cable-greenback cross is not planning to shift to higher gear as it has already dipped below the 20-day SMA.
Pair did not manage to pick up the pace and advance above the recent (October) high at 1.3833.
Pair's advance above 1.042 has put higher levels on the map.
Pair is hovering just slightly above the September high at 0.9554, but even despite the short term technicals we don see it advancing much higher.
Pair started the week above the last weeks closing level and at the moment seems to be trailing lower.
Pair undergone two major sell offs, but seems it got rid of this bullishness and at the moment it is hovering slightly above weekly and monthly S1.
Pair was sold of till 97 JPY, but did not receive a strong bullish impetus from it.
At the moment it is
Pair started the week in a rather calm manner after it reached October high at 1.3833.
Since none of the nearest supports were capable of withstanding the bearish pressure after 0.85 proved to be impenetrable, NZD/USD has entered the area that is largely free from any major levels.
USD/CAD continues to develop the rally started at 1.0285.
A failure of the Australian Dollar to overcome a significant resistance at 0.97 has caused a strong sell-off.
Being that the resistance at 135.39/134.93 rejected access to higher levels, EUR/JPY is expected to gradually slide down to 132.59/54, where it will encounter the monthly pivot point, 55-day SMA and, more importantly, the up-trend support line.
Even though at a slow pace, but USD/CHF keeps on consistently moving south, towards the key support level at 0.8898/94 that is formed by the monthly S1 and a down-trend line.
Yesterday a test of the support at 97.34/04 did not result in a strong recovery, only in a shallow rally that was quickly erased.
GBP/USD refuses to give in to the bears and continues to put pressure on the falling resistance line at 1.6228, as suggested by the weekly technical indicators.
The single European currency carries on advancing and is already in the vicinity of the key resistance at 1.3862/25.
The New Zealand Dollar proved to be unable to keep up the accelerated pace of appreciation relative to the U.S. Dollar.
Since the second half of 2012 the U.S. Dollar has been generally outperforming its Northern counterpart.
The resistance the currency pair has just bounced off, namely 0.97, is of great significance for AUD/USD.
The nearest future for EUR/JPY is associated with considerable downside risks, being that it is currently trading in the vicinity of the September highs and the monthly R1.
While in many other currency pairs the U.S. Dollar started to appreciate following a strong sell-off, USD/CHF remains under considerable pressure