Pair extended the losses after hitting the 55-day SMA on Monday.
Pair came under substantial pressure after failing at the weekly PP.
Pair remains somewhat depressed under the June high/Bollinger band.
For the time being a rebound from the bullish trend-line at 0.7752/31 does not appear to be an initiation of a robust recovery—NZD/USD again started gravitating towards the support without the price reaching the nearest resistance at 0.7918/0.7895.
USD/CAD does not seem to be in a hurry to move farther north, wobbling just beneath the monthly R1 at 1.0512.
As expected, the currency pair is slowly grinding lower in the presence of the formidable resistance that lies overhead.
The currency pair has already reached the tough support area created by the monthly PP along with the 55 and 100-day SMAs, meaning there is an increased probability the Euro will start to recover.
Pair was giving away some bullishness yesterday, but it seems that the pressure coming from the 20-day SMA will keep the pair at bay.
Pair did not manage to breach and consolidate above the 55-day SMA yesterday.
Pair started the week with a mildly bullish attitude, but did not manage to breach weekly PP yesterday and has already fallen by 60 pips since then.
Pair started the week in a clam fashion, but is giving clearer bearish directional signal and has dipped below the weekly PP.
NZD/USD has just respected the bullish trend-line that may be drawn through the troughs since 2009 and at the moment is moving north, en route to the monthly pivot point.
Following an expected consolidation at the monthly R1 level, the currency should regain the upward momentum and breach it, thereby freeing the path towards 1.06—July high, which in turn is blocking access to 1.07, the levels seen in 2010.
Last week AUD/USD bounced off the down-trend resistance line that has been preventing prolonged rallies since mid-May.
EUR/JPY has recently encountered the resistance at 132.58/54 formed by the major up-trend, initiation of which dates back to the second half of 2012.
Pair started right on top of the weekly PP and is not giving any clear directional signals.
Pair started the week in a mildly bullish fashion, but first resistance, the 55-day SMA, proved to be enough of an obstacle.
Although the pair started the week quite a distance from any major support or resistance areas short term technicals indicate it is aiming at the 1.56 area.
As in most of the cases the pair started the week in a rather calm manner—it has been trading in a 15 pip range supported by the weekly PP. Short term technicals suggest that pair should remain in similar sate for some time.
"The kiwi will probably move lower which keeps the fall since about three days ago going. We are getting closer to Fed tapering which is causing US dollar strength and the second thing driving it is the LVR restrictions which were announced this week."- Westpac Banking Corp. (based on The New Zealand herald) Pair's OutlookPair has been losing value even faster
It seems that the pair has gained momentum after receiving a bullish impetus form the 100-day SMA few days ago.
Taking in to account that the pair was trading pretty much in 89 to 93 cents range since mid of June even the fact that it had had quite a few one direction sessions lately does not put any clarity on the situation.
For quite some time the pair was range bound, however, yesterday it received a strong bullish impetus from the (weekly and monthly PP; 20, 55 and 100-day SM area and at the moment is testing weekly R2/monthly R1 at 132.3.
Even though the near- and mid-term technical indicators suggest the currency pair is rather bearish than bullish, it maintains the upward bias after reversing ahead of the June low at 0.9128.