Demand failed to overthrow supply at 1.3395/73, implying that the pair currently lacks bullish momentum in order to sustain its steep appreciation.
Following a bullish impetus from weekly PP and monthly R1, received after a bearish correction, the pair is struggling to advance above monthly R2 at 120.4.
Pair rushed by more than 80 pips after receiving a bullish impetus from weekly PP at 0.985 area today.
Pair took a second consecutive 60 pip dive after a week of choppy sessions in 1.058-1.052 area.
Pair has declined marginally today after a few rather volatile sessions yesterday and the day before which suggest that it has found it direction and at the moment it seems that recent peak could be perceived as a second top for Double Top pattern.
USD/CHF pair has demonstrated a strong bullish impetus recently, as the price has overcome the 55-day and 100-day SMAs in one day.
USD/JPY pair increases further by peaking at a new high.
The Cable was fluctuating in a wide range yesterday, as the price increased well above the weekly S1 at 1.6017, however, the bearish impetus still had more power and pushed the pair sharply down, closing a session with a negative performance and further slipping along the Bollinger line.
The major currency pair continues a bullish movement and is already breaching the latest high at 1.3393.
NZD/USD demonstrates a complete absence of bias towards any of the sides.
USD/CAD has gently touched the up-trend resistance at 0.9881/80 and is challenging support at 0.9848/37 at the moment, which in turn guards some of the lower lines, namely 0.9811 and 0.9797/79.
AUD/USD has made a quick run down to 1.0479/59 today, but the price was successfully repelled and sent back above 1.0534/33, thus preserving a chance of penetrating a zone that stretches from 1.0579 up to 1.0624, though this particular area has remained unbroken since mid-March.
It did not take long for bulls to recover and finally recommence pushing the price upwards.
After choppy session yesterday which raised some doubts that we might see a bearish correction to 0.925 pair found support at 100 day SMA at 0.93 and at the moment is testing monthly R1 at 0.9325.
Pair managed to slip slightly below 88 JPY mark, but at the moment is stuck between weekly PP and monthly R1 after receiving a bullish impetus from weekly S1/20-day SMA at 86.65.
Pair has stabilized after a 100 pip dip yesterday as it received some support from Bollinger band.
It seems that pair has received a bullish impetus and is planning to resume its last weeks rally after a bearish correction which took place in the first part of this week.
Similarly to AUD/USD, this particular currency pair is trading sideways and does not demonstrate any strong signals for now.
Even though the up-trend support has been eroded, the pair hesitates to extend the dip and is now re-testing the bullish trend-line from below.
The currency pair stays largely undecided in the region between an overhead area, a combination of 1.0579 and 1.0624/00, and a support level at 1.0534/33.
The pair is moving further away from resistance at 120.40, but is also reluctant to fall beneath 117.90/39 that stands for now.
After a 200 pip rally this week pair met first major resistance at monthly pivot (R1) at 0.932.
Pair depreciates for the second day, but remains in the boundaries of strong bullish channel which should be taken in to account seriously due to the readings of technical indicators and weakening bearish sentiment.
After a rather volatile session yesterday which was caused mainly by the fact that pair was trading at 55 and 100-day SMAs intersection point where it received a bearish impetus.