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.
USD/CHF stalled after falling below 0.9508/0.9497, but bearish momentum is likely to persist, being that most of short-term technical studies foresee further weakening of the U.S. Dollar relative to the Swiss Franc. The currency pair should thus decline to 0.9408/0.9393 or 0.9280/57 before commencing recovery and reviving bullish long-term outlook.
As anticipated, USD/JPY rebounded from a support at 78.53 and pierced through a formidable resistance area at 79.06/20, confirming its serious intention to surge further. At the moment the currency pair challenges 79.67/74, breach of which will pave the way towards 80.03/06 and 80.27. On the other hand, being that most of indicators are from neutral to bearish, continuation of
GBP/USD seems to be planning to undergo a minor bearish correction prior to breaching a tough resistance area situated at 1.5756/83, which in turn is reinforced by a zone at 1.5818/46, and was not expected to be overcome in a very first attempt. Current dip is unlikely to extend below 1.5667/05. Such a scenario, however, may not be ruled out,
Today we may expect another leg down, which should be contained by an uptrend support line at 1.2660/31. In case this level is unable to halt bearish advancement, subsequent supports at 1.2550/15 and even at 1.2341/26 may come into play. An initial resistance on the other hand may be found at 1.2759, followed by 1.2792/1.2820, which will remain as the
NZD advanced against the US dollar ahead the FOMC meeting announcement. If bullish momentum to intensify, 0.7961 (200-day ma) is going to be the first target for bulls. Once this line is left behind, 0.8012 (Upper Bollinger band; R1 Weekly) and 0.8106 (R2 Weekly) will be in focus among bullish investors.
USD/CAD halted today before the FOMC meeting as investors expect the Fed representatives to introduce a new round of . If the bearish mood emerges, 1.0174 (PP Monthly) is going to be the first support among bearish investors. A breakout here would expose 1.0110 (S2 Weekly; Lower Bollinger band) and 1.0003 (100-day ma; S3 Weekly).
AUD edges higher against the greenback as the major market players expect the FOMC to announce new economic stimulus measures for the US economy. Thus, if AUD/USD to keep bullish impetus, 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 traded in a flat trend today ahead of the FOMC meeting, which will indicate whether the Fed is going to launch a new round of the Quantitative Easing. If bullish trend continues, 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;
Support at 0.9508/0.9497 was unable to withstand bearish pressure, allowing the currency pair to fall precipitously. Most of daily indicators suggest further bearish development, while aggregate monthly bias is a buy signal. Therefore USD/CHF is anticipated to step lower to 0.9387/67 or even 0.9280/54 prior to a long-term recovery.