Similarly to the aussie, the kiwi had a rather volatile session. It was trading in 165 pip range.
After hitting resistance levels at 1.0369/81 yesterday pair ended the session with a no less than 55 pip lose.
After a volatile session yesterday, when pair was trading in 180 pip range, it seems we shall not see much of an action today as it has been trading in 60 pips range.
For the second day in a row pair has dipped below 131 JPY.
The pair attacked the upper Bollinger band for too long, thus a correction finally took the scene.
After yesterday's drop, as the pair slipped from the weekly R1 at 103.60 to the weekly pivot point at 102.43, USD/JPY depreciates further and seems that it settled beneath the recent support level at 102.00.
This week the Sterling depreciated noticeably, as it was traded around a 1.52 benchmark on Monday, but currently the price fluctuates in a 1.50-1.51 range.
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recovery stage.
NZD/USD rebounded from the weekly S1 level at 0.8005, which was reached during London trading session and was a new low in the on-going downside movement.
Seems that the Canadian Dollar attempts to recover its positions, as today the price reversed from the weekly R1 level at 1.0370 and returned into the Bollinger band range.
The Australian Dollar experiences huge capital outflow, as investors are afraid of a potential economic slowdown in the country, which might be seen through intensive money withdrawal from the economy.
After an upside spike yesterday, when the pair reached the upper Bollinger band and weekly R2 level at 133.80, today the Euro sharply depreciates through the weekly pivot point at 131.82 and currently trades at the 20-day SMA and weekly S1 at 131.00.
An accelerated resistance line that is tangent to lows posted during Feb-Mar period appears to be of great importance to traders, as it has been slowing down the recent rally.
Following a few tests of the rising resistance line at 103.97/60 the currency pair has finally started to decline, a natural step of the channel up pattern's development.
Even though the Cable initially seemed to have found support at 1.5239/33, it has effortlessly pierced through a number of notable levels thereafter.
The latest recovery did not last for long, as it was discontinued at a resistance area 1.2986/74, which is formed by the 20 and 55-day SMAs and weekly R1 level.
The New Zealand Dollar depreciates together with the Australian Dollar, but not as dramatically.
U.S. Dollar - Canadian Dollar currency pair made a new high—1.0338, during New York trading session today.
The Aussie is driven by powerful bears, who took total control of the pair and push it even lower.
EUR/JPY experiences its best performance in few recent weeks today, as the price steps from a 132.00 benchmark to the weekly R2 at 133.69.
USD/CHF consolidates in a channel bounded by a 0.97 benchmark and the monthly R2 level at 0.9663.
USD/JPY remains unchanged, since the price fluctuates around the weekly pivot point level.
The British Pound weakened heavily yesterday, as its price reversed around the weekly pivot point at 1.5240 and slipped along the Bollinger band.
The major currency pair appreciated further in yesterday's trading session, as the exchange rate settled above a 1.2900 benchmark.