Pair continues to fluctuate supported by the 55-day SMA. We could expect some short term rallies which should stay below the 1.55.
It seems that pair is failing to find a catalyst that would manage to keep it above the 1.3096/114.
It seems that the pair has reached new low, but remains capped below 0.78 cents.
Pairs rally might be coming to an end as it seems to have lost momentum after reaching 1.053.
There are more and more signs that the pair has reached new low and we should see some sort of consolidation at the current levels.
Pair tested the 129 JPY resistance for four days in a row, but did not mange to breach it.
Pair started the week above the 200-day SMA, but did not manage to stay above it. Current developments suggest that pair might stay depressed above it for some time more.
Yesterday pair failed to consolidate above the 98 JPY where 100-day SMA and Fibo 23.6% (November, 2012, till May, 2013, move) can be found.
Pair was depressed under the 55-day SMA for a few days, but got bullish impetus from it and advanced 80 pips.
Pair started the week by trying to fall below the 200-day SMA. Today it seems it has consolidated above Fibo 38.2% (February to April, 2013, move) which is around 20 pips above the mentioned 200-day SMA.
Pair has got significant support from the 0.7716. It might be that this level might cause at least a short term correction.
Pair is appreciating further in an unprecedented pace. Short term technicals, however, indicate a possible correction which is likely to be short lived.
With the help of the Bollinger band pair has stopped at the major support at the 0.915 cent area.
Pairs rally was stooped by the resistance line at the 129 JPY. At the moment it is being supported by the monthly S1/100-day SMA at 127.4 JPY.
Pair started the week above the 200-day SMA and is being supported by it at the moment.
Pair started the week just slightly above the last weeks closing level. But due to the bullish impetus provided by the Fibo 23.6% (November, 2012, till May, 2013, move) current short term outlook seems to be rather positive.
Pair started the week slightly under the 55-day SMA. Although it had bullish bias at the beginning of the week today it seems that this level might send pair spiralling down.
Pair was sold heavily last week and opened slightly above the 200 and 55-day SMAs. As suggested by the short term technicals pair is likely to bounce from this support levels.
Yesterday NZD/USD tested the support at 0.7716, but quickly stepped back from it.
Contrary to the technical studies, USD/CAD did not only soar up to the last year's highest level, namely 1.0447, but is also about to close above it, a scenario that most probably will result in a surge up to 1.0674.
The downward momentum the currency pair gained after falling under 0.9387 has weakened at the weekly S2 (0.9178), but should soon recuperate and resume pushing the price towards 0.8568 that looks as the most likely mid-term target.
For the time being the upward-sloping resistance trend-line proves to be topical for market participants.
"The prospect of less QE (and) higher interest rates is something that should help the dollar."- HSBC (based on CNBC)Pair's OutlookDaily technical indicators were right to warn about short-term bearishness—an encounter with 0.9449/0.9337 yesterday led a sell-off back to 0.9266/50 USD/CHF had just breached. Additional support in case of more downward pressure stands at 0.9091/76, but the focus should be
If it was not for a formidable resistance zone at 97.81/52, USD/JPY would probably be considerably higher, but right now it is still struggling with the weekly R1 and an intersection point of simple moving averages for 20 and 100 periods.