After being depressed below 0.81 for a full trading week the pair managed to breach this level today.
After a significant consecutive gains in last few days, pair did not manage to advance above 1.04 where it can be found today.
After a failed attempt to advance above 0.97 yesterday pair dipped 130 pips.
Pair did not manage to extend its yesterdays gains as it met strong resistance with the 20-day SMA at 131.51 which sent the pair to a 100 pip dip; it already lost almost all of yesterdays gains.
The pair is driven by an upward momentum, yesterday the price rose to weekly R1 at 0.9774. Investors continue to push the price of the U.S. Dollar higher, the most preferable currency in comparison with its major counterparts at the moment.
Yesterday the pair rebounded from the 20-day SMA at 101.44 and nearly reached the weekly R1 at 103.00.
The British Pound depreciates further today, as the price slipped through a previous low at 1.5013.
EUR/USD was pushed down from the 20-day SMA at 1.2932 during yesterday's New York trading session and reached the weekly S1 at 1.2837.
The kiwi was rather volatile during today's trading session, as the price made spikes on both sides, reaching the monthly S3 at 0.8059 and 0.8127.
The Canadian Dollar is traded at the same level as yesterday, as the pair is strongly correlated to the news on the U.S. economy.
The Australian Dollar finally delivers stronger bullish sentiments, as the price gains from a 0.9620 level towards the weekly pivot point at 0.9690.
The pair is on a positive track today, as the price increases through an interception point of the weekly pivot point and the 20-day SMA at 131.51.
Today the pair continues to gain, as it reached the weekly pivot point level at 0.9682.
The pair is noticeably higher today, as the price increased to the weekly pivot point at 101.83.
The Cable is on the slide this week, as the price bounced to the weekly pivot point at 1.5142 and dropped beneath a 1.51 benchmark.
The common European currency has been traded in a very narrow channel between 1.28 and 1.29 benchmarks few recent weeks.
The New Zealand Dollar moves along with the Australian Dollar and depreciates towards last week's low at 0.8005.
The pair slightly appreciates from the weekly pivot point at 1.0310, but there remains a long way till a last week's high at 1.0392.
The Aussie can not disengage from bearish pressure, as today the price gently, but still depreciates towards a last week's low at 0.9593.
As usual, the majority of pairs are traded flat on Monday and EUR/JPY also fluctuates in a narrow channel today, between 130.90 and 130.20.
Failure to overcome the resistance area formed by the bullish trend-line and monthly R3 resulted in a precipitous dip down to 0.9590/67, which is able to prevent further losses in conjunction with 0.9525 and 0.9470/33.
Even though USD/JPY has already dropped nearly three figures last week, there is still room for U.S. Dollar's depreciation.
Seems that Cable's short-term bullish correction has come to an end at the weekly pivot point (1.5142), but there is still a risk of a surge up to either 1.5190 (weekly S1) or even 1.5233.
For the past three months EUR/USD has been trading between the resistance line at 1.3219 (May 2 high) and a formidable level at 1.2745 (Apr 4 low).