The most recent price action threatens intactness of the rising line that in turn safeguards the medium-term positive outlook.
EUR/USD refuses to start a rally and is continuously putting strong pressure on the support line at 1.3491.
Kiwi-greenback cross is continuing to appreciate and at the moment is aiming at the September high.
20-day SMA has stopped the pairs decline father it plummeted form the 1.042 and seems to be continuing to support it further.
As anticipated, pair advanced above the 95 cent mark and at the moment is probing September high at 0.953.
In the beginning of the week pair showed clear intentions to test and , potentially, breach weekly R1.
The exchange rate remains capped by the resistance at 0.9128, but at the same time refuses to descend beneath the support area created by the weekly pivot point and the 20-day SMA at 0.9082/74.
Judging by the technical indicators, USD/JPY is likely to continue having difficulties while dealing with the nearest resistances.
GBP/USD remains flat—between the weekly and monthly pivot points.
Yesterday the currency pair made an attempt to decouple from the rising trend-line, but turned around ahead of the resistance at 1.3613—the weekly R1.
Pair started the week with a bounce from 20-day SMA/weekly PP.
Weekly pivot at 1.042 caused a major sell off of the pair which channels further bearishness.
Pair has been capped by the 95 cent level for quite some time, but as we can see, it started the week with clear intention to advance above it.
Pair started the week in a rather calm manned very close to where it ended the last week.
Even though USD/CHF is broadly considered to have bottomed out already, the rate continuously fails to climb back above the June low.
After effortlessly passing through the 200-day SMA USD/JPY encountered strong resistance in the face of the moving averages for 55 and 100 periods.
The Cable still gravitates towards the lower boundary of the bullish channel it has been trading within for more than three months.
Although EUR/USD does not appear to be in a hurry to rise, the currency is more inclined to move higher from here, being that the price remains above the up-trend support line that has been proving to be topical since mid-May.
Bulls continue to push the pair higher once it bounced from 0.822 yesterday.
Pair keeps struggling to consolidate above 1.039.
Pair is continuing to demonstrate mildly bullish attitude, but remains capped by the resistance at 95 cents.
Pair has been bearish for quite some time, but it seems that bullish impetus given by the 55-day SMA has uplifted most of the pressure from the pair.
An attempt of USD/CHF to surpass the June low after receiving a strong boost turned out to be unsuccessful.
Despite the falling trend-line at 97.64 being in the way, USD/JPY has successfully rallied and is already trading above the 200-day SMA that also posed a considerable threat to the upward momentum.