USD/CHF struggles at 0.9600, but nevertheless appears to be able to climb over it and then aim for higher levels, which are located at 0.9639/58 and at 0.9699. Bullish advancement, however, may be postponed, since short-term technical studies point to the downside, even though long-term outlook remains positive. Supports at 0.9552/31 and at 0.9503/0.9497 should limit dips.
USD/JPY is rapidly heading towards a cluster of supports at 79.36/12, which is expected to halt the pair and preserve bullish outlook. In case bearish momentum persists, current dip may extend down to 78.36/16 or even 77.63/54. The closest resistance may be found at 79.64, while subsequent levels lie at 79.99/80.03 and at 80.46/74.
After piercing through a support at 1.5667/38, a fall of the currency pair has been gradually slowing down ahead of 1.5557. Accordingly, at the moment GBP/USD is set to reverse negative trend and commence recovery, as suggested by most of daily technical indicators. An interim resistance is located at 1.5638/67, followed by 1.5719/62 and 1.5795.
EUR/USD is being continuously sold off and is currently approaching an initial support level at 1.2456/32. In case this area does not withstand bearish pressure, bearish move may extend down to 1.2375 while en route to a long-term target situated at 1.2037. Rallies, on the other hand, should be limited be resistances at 1.2571/99 and at 1.2660/80.
NZD inched lower against the American dollar, holding a mild bearish bias. If it intensifies, 0.7810 is likely to be the next target for bears, which successful breach would expose 0.7742 (PP/S2 Monthly) and 0.7678 (23.80% Fibo). However, 0.7810 is prone to become a strong support, from which bullish investors are probably going to initiate bullish correction.
The US dollar is trading slightly lower against the Canadian dollar. Therefore, in case bearish momentum holds, 1.0241 (PP Monthly) is likely to be the first target, followed by 1.0183 (S2 and PP Weekly) and 1.0133 (100-day SMA), respectively.
The Aussie dollar slumps lower against the US dollar along with the 55-da simple moving average. If bearish correction deepens further, 0.9955 (S1 Weekly) is likely to become the first target. A breakout here would expose next support lines at 0.9826 (23.60% Fibo) and 0.9740 (Lower Bollinger band; S3 Weekly), respectively.
The shared European currency moved lower today against the Japanese Yen. Yet, if bullish momentum holds, 101.64 (55-day SMA) is likely to become an initial resistance line; once breached, a path towards 102.15 (R1 Weekly; Upper Bollinger band) and 104.55/65 (100-day SMA; R3 Weekly) is going to be cleared.
USD/CHF holds an upbeat momentum, thus it is likely 0.9639 will be the first target among bulls. A breakout here would pave the way to 0.9736 (May 31 High) and 0.9806 (R3 Weekly), respectively. In an alternative case, if bears overtake the initiative, 0.9531 is going to be the first support for the currency traders, though the bearish correction is likely to be confronted by
USD/JPY slumped today in early trading session, though the bullish mood is likely to hold as the pair is trading above 55-day simple moving average. Thus, if the currency pair edges higher, 80.76/81 (100-day SMA; upper Bollinger band) is going to be the first target among bullish traders. 81.19 (R1 Weekly) and 81.52 (61.80% Fibo; R2 Monthly) are going to be the next targets if
The British pound is set to recover Friday loss today against the US dollar. If bullish momentum emerges, 1.5667 is prone to become the first target (PP Monthly), followed by 1.5749 (200-day SMA) and the 1.5830/60 zone (100-day SMA; R2 Weekly) respectively, if the bullish bias remains.
EUR/USD is gradually sliding lower, approaching initial support at 1.456 (S1 Weekly). A successful breach of this line would expose the next support levels at 1.2434 (Lower Bollinger band) and 1.2375 (Lower support line; S2 Weekly) in case bearish momentum holds further.
NZD fell against the greenback and currently is floating around the 0.7840 level (55-day ma; PP Weekly). Thus, the pair might fall further towards 0.7725 (PP Monthly). If bullish scenario to occur, 0.8012 (upper Bollinger band; R1 Weekly) is going to be the first target for bulls. A breakout here would expose 0.8106 (R2 Weekly) and 0.8162 (Upper resistance line).
USD/CAD continued the really and breached the 1.0289 level (R1 Weekly), indicating a reiteration of the bullish trend on USD/CAD. Thus, 1.0373 (Upper Bollinger band; R2 Weekly) and 1.0420 (R3 Weekly; Upper resistance level) are likely to be targeted next, though the pair might retrace from the latter line.
AUD dived against the US dollar, piercing the 1.0031 level. Thus, it is expected that, in case bearish momentum intensifies, 0.9931 (S1 ) is going to be the next target. A breakout here would expose the third level at 0.9665 (lower Bollinger band; S3 weekly).
EUR/JPY attempts to advance further as it confidently inches towards 101.29 level. If bulls manage to hold the momentum, then after 101.29 level (R1 Weekly) is breached, 102.13 (Upper Bollinger band; R2 Weekly) and 103.74/53 (200-day ma; R1 Monthly) might become the next targets among bullish investors.
Bullish inertia of USD/CHF added to gains yesterday and now the pair attempts to pair previous weekly losses. The continuation of the upward trend would allow traders to profit from targeting 0.9595 level, followed by next resistance levels at 0.9676 and 0.9733.
USD/JPY continued the rally yesterday and now attempts to hit the initial resistance line at 80.78. Once this level is left behind, bulls might target 81.09 and 81.52. However, a short-term correction is possible before the currency couple continues advancement, thus 80.03 and 79.67 are likely to become starting points for this rally. A breach of 79.20 would signal the bearish mood returned in USD/JPY.
The Cable committed a decline yesterday, increasing the chances the pair is going to test the initial support level at 1.5534. Despite the strength of the bearish momentum, which is shown by the daily indicators, the currency couple should stabilise ahead of the latter level, as suggested by longer term studies. An interim resistance lies at 1.5667, followed by 1.5754.
EUR/USD is approaching the 1.2300 mark, which should be capable of holding the currency pair until the end of the current week and trigger some short squeezing. Although the long-term outlook for the currency couple remains negative, EUR/USD might retrace bacj to 1.2631, a breach of which would expose the 1.2778/1.2820 zone and 1.2984, respectively.
NZD slumped today as investors stick to a bullish outlook in the jobless claims. Holding above the 200-day ma signals that the pair is likely to turn bullish, however it has to close above 0.7961 today. If bullish scenario to emerge, 0.8012 (upper Bollinger band; R1 Weekly) is going to be the first target for bulls. A breakout here would expose 0.8106 (R2 Weekly) and
USD/CAD attempts to stabilize and reiterate bullish trend as currency traders expect a decline in the US jobless claims. If the bearish mood emerges, 1.0174 (PP Monthly) will be the first level in the cross-hairs. A breakout of this support would pave the way to 1.0110 (S2 Weekly; Lower Bollinger band) and 1.0003 (100-day ma; S3 Weekly).
AUD committed a decline against the US dollar ahead of the US data announcement. Thus, if AUD/USD to remain bullish, 1.0212 (R1 Weekly; Upper Bollinger band) is going to be the first target for bulls, followed by 1.0283/312 (200-day ma; R2 Weekly) and 1.0493 (R3 Weekly) in case the pair moves higher.
EUR/JPY tries to establish a bullish trend after French Flash Manufacturing (45.3 act./44.6 est.) and Services (47.3 act./45.1 est.) rose more than expected. If bullish holds the ground, 101.29 level (R1 Weekly) is likely to be the initial resistance line. A breach of this level would pave the way to 102.13 (Upper Bollinger band; R2 Weekly) and 103.74/53 (200-day ma; R1 Monthly) levels.