Considering a tough resistance line at 1.5750, the risks on the Cable remain skewed to the downside.
For now EUR/USD is supported by the area at 1.3242/19, but we are more likely to see lower levels than a strong rebound from it.
"The move by the Fed yesterday might in fact be the beginning of the first dollar uptrend in years not driven by financial market stress."- Danske Bank (based on MarketWatch)Pair's OutlookNZD/USD, as well as the other currency pairs discussed in this issue, is a good example how technical approach to the analysis of the price chart was disrupted by yesterday's
"We suspect that (the Fed) has made a policy mistake. We do not believe that growth is as robust as the way the Fed has characterised it, and we don't believe that inflation will pick up to the degree that the Fed expects."- Coutts (based on Reuters)Pair's OutlookNone of the nearest resistances were able to contain sudden bullishness of USD/CAD,
Considering the fact that AUD/USD has just penetrated 0.9387/71, it would be reasonable to posit that the price is going to slide even deeper, aiming for 0.8568 in the medium term.
The currency pair extends the rally from 124.95—it is currently testing the rising resistance line at 129.00, but has already spiked up to 129.86, where the 55-day SMA stands.
After few unsuccessful attempts the pair has breached 0.925 and apparently found a strong support with it.
Pair is gaining pace after hitting 94 JPY and at the moment is testing the strength of the monthly S1 at 97 JPY.
Pair did not manage to recover to the monthly R1 at 1.552 after receiving a bearish impetus from the weekly PP at 1.5654.
As expected 1.345 has held and sent pair 150 pips downwards. At the moment it is being supported by the 1.322 area.
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).