Even though EUR/USD was facing a strong support zone at 1.2874/69, it still managed to fetch 1.2843, but returned back above the weekly and monthly S1 levels, meaning that if the decline is not fully stopped, that at least its progress should be delayed.
Seemingly successful attempt of USD/CAD to recover from 1.0039/22 is associated with substantial downside risks, as shown by the daily indicators, nearly all of which are giving ‘sell' signals.
NZD/USD's failure to gain a foothold above 0.8476 has resulted in a precipitous three-figure drop since May 6.
AUD/USD has just touched upon the Dec 2011 low, meaning that the pair is likely to take a break before regathering bearish momentum and extending the dip lower.
At the moment EUR/JPY is re-testing the rising support line that connects minima reached on Apr 3, May 2 and May 7.
For now none of the resistances are able to tame USD/CHF, hectic behaviour of which resulted in violation of various supply zones.
USD/JPY found support yesterday at 101.44, 2009 high, and now is able to carry on advancing towards the upper edge of the upward-sloping corridor it has been trading within since the end of the last year.
A bearish breakout from the channel up revived the sell-off, which has pushed the price already beneath the moving average for 55 days.
As expected, the currency pair was able to approach the weekly and monthly pivot points yesterday. Nevertheless, this recovery turned out to be brittle after the encounter with 1.3047/32, which led to a dip down to 1.2898/69.
After a second consecutive failed attempt to push the pair above 0.83 it has dropped by 90 pips and at the moment seems to be targeting monthly S2.
Pair has appreciated by more than 70 pips after it received a bullish impetus from the weekly pivot (PP) earlier today.
It is rather evident that pair is driven mostly by the fundamentals as the aussie remains strongly bearish.
Pair has reached new high slightly above 132 and for has been fluctuating in 80 pip range in the last 3 days.
As the global markets faced a shift of investments to the U.S. Dollar, its pair with the Swiss Franc sharply advanced, even breaching the Bollinger band.
Even though USD/JPY reached a four-year high last week, peaking at 102.15, the pair was showing bearish sentiments last two sessions, as the price gently corrects from the high towards the weekly pivot point at 100.89.
Yesterday the British Pound extended a bearish move, as the price nearly reached the 55-day SMA at 1.5291.
The major currency pair accomplishes a correction from the very first day of a week, as the price bounced from the Bollinger band at 1.2959 and already increased 100 pips.
NZD/USD takes a breath between periods of depreciation, as the price is outside the Bollinger band.
The U.S. Dollar loses its value today relative to its Canadian counterpart, as the price slides from a 1.0132 level, where the 100-day SMA intersects with the 20-day SMA.
Weak business confidence data in Australia pushed the Aussie even lower, as the price nearly reached a 11-month low. The pair depreciated below the Bollinger band, indicating how strong bearish sentiments are at the moment.
EUR/JPY finally depreciates from the Bollinger band at 132.43, as it is a common pattern when after a substantial move the pair consolidates on Monday's trading session.
The pair strengthened significantly over the past week, as the price advanced from the 100-day SMA at 0.9347 to a two-month high at 0.9567.
After a breach of a 100 level, the pair gained just above 102, but that was above the daily Bollinger band, thus the pair depreciates today.
GBP/USD exhibited strong bearish sentiments last week, as the price decreased from the weekly R1 at 1.5527 to an area just beneath the major support line at 1.5340.