After GBP/USD consolidated during Friday's session just before the monthly S1 level at 1.6060, today the price continues its journey south. The cable moves along the lower Bollinger band and breaches the 55-day SMA at 1.6056 level. If the price settles beneath it, it is very likely to see a continuation of a bearish trend. The closest support levels are
EUR/USD rebounded from an upside resistance at a 1.3020 level on Friday, as the pair was sharply lower than the Bollinger band. Today, the major currency pair continues a down-side movement drifting along with the Bollinger line and retesting an upside resistance at a 1.3034 level. If a breakout is successful, the closest support levels will be at 1.2996/82, where
The price has re-tested the rising support trend-line and thus confirmed its topicality for traders, while 0.8259/36 alone was incapable of halting the recent dip.
Yesterday the price returned back above 0.9863, although it appears that a cluster of supports at 0.9837/18 is of greater interest to market participants, as this zone protects positive outlook on the pair.
AUD/USD did not make it to the upper side of the slightly downward-sloping channel, as 1.0493 proved to be impenetrable for now and did not allow for a rally to reach 1.0562/81.
The currency pair currently lacks bullish momentum in order to carry on advancing.
USD/CHF appreciates rapidly and has already reached the upper line of a down-side channel at 0.9285.
A breathing-space was very short in USD/JPY, as the pair continues to surge and even exhibits a fast pace of appreciation.
The Cable demonstrates its volatile nature, as the pair has lost 200 pips of its value during yesterday's trading session.
The major currency pair demonstrates a strong bearish momentum, as the price has decreased by 164 pips during yesterday's trading session.
NZD/USD failed to get a foothold above 0.8343 and retreated.
The price has managed to end the day beneath 0.9863 yesterday, but still hesitates to move any lower, as market participants require additional signals prior to shorting the pair.
AUD/USD continues to step higher and is rapidly approaching the declining trend-line at 1.0534/60, which in turn in followed by another resistance at 1.0599/1.0624.
EUR/JPY is slowly losing its pace of appreciation ahead of a confluence of resistance levels at 115.22/73.
USD/CHF appreciates for the third consecutive session after consolidation at a 0.9120 level.
USD/JPY takes breath just above a 87.00 benchmark, as the price closed at 87.35, the highest daily point, yesterday.
The Cable has experienced a very volatile session yesterday, as the price moved in a very wide range – more than 160 pips.
The first trading session yesterday has already demonstrated a misleading up-side spike, as the price has increased above a 1.3240 level.
NZD/USD retains bullish impetus it received after an encounter with a formidable support zone, consisting of 55 and 100-day SMAs, not to mention the bullish support line that has been preventing dips since June.
The rising support trend-line the market has been respecting since the beginning of autumn is under threat of being breached, as a strong rebound from 0.9934/36 has swiftly pierced through a number of supports.
The currency pair has notably changed its behaviour, which has become much more hectic.
EUR/JPY maintains its upward course and for now does not give strong reasons to believe this tendency is to end any time soon.
USD/CHF starts a new year with a sharp depreciation, as the price retests the lower boundary of the channel at 0.9105 commenced in September, 2012.
USD/JPY appreciates significantly quicker further, as the price passed the 87.00 benchmark today and attained a new peak at 87.32, the highest point since September, 2010.