The CHF / JPY pair, which started the day with gains, saw resistance at 14:00 GMT. If the chart breaks down to 108.600, the next target will be 107.750.
Fluctuating in the 5.65-5.74 band last week, 0.8 percent increase in the week completed the dollar / TL began a new week with a slight decline. The currency tested the highest level of 5,7484 and the lowest of 5,7178 today.
The pair, which started the week with a decline, is now at the resistance level. If the chart breaks the 0.8350 level upwards, the target will be 0.8375.
EUR/USD is currently trading at 1.6252, rather flat on the Asia session so far having done most of the leg work on the data release and subsequent trade thereafter thought European markets. The US supply took the pair down to a low of 1.6234.
The pair, which started with a bearish week, is currently at the resistance level, if the chart breaks down to 0.9054, the target will be 0.8936.
USD/CHF is trading at 0.9927 currently, higher by 0.28% following a spike in the Dollar despite the risk-off mood. USD/CHF had started out on the back foot down to a low of 0.9865 on a bearish gap following news of the attack of the Saudi oil facility. Meanwhile, following the European Central Bank meeting, the Swiss National Bank Bank refused to comment and...
The EUR / AUD pair, which started the day with an uptrend, is currently trading at 1.61267. As the chart breaks up to 1.61500, the target should be 1.6300.
NZD/CAD has shed nearly 10% over the past 6-months, and its bearish trend structure suggests bears are preparing to push it lower still.
The pair, which started the day with resistance and decline, is currently trading at 1.2218. While the chart breaks down 1.2200, our target will be 1.2030.
The dollar is catching a bit of a bid in early trading and this could put some pressure on EUR/USD in the session ahead. This might suggest a dip to retest the bottom of the range. Currently, the pair appears to be ranging between 1.1020 and 1.1060. The latter was tested at the European open and the pair was last seen around the mid-point of the range.
The pair, which started the day with the rise, is now at the resistance level. If the chart breaks the "108.40" level upwards, the next target will be "109.40".
The ongoing rebound in USD/JPY has scope to reach the 107.90 area in the near term, suggested FX Strategists at UOB Group. USD/JPY is trading 107.130, up 0.043 or +0.04%.
The USD / TRY, which fell to 5,6460 in the past week, closed the week at 5,7150 and experienced a decline last week after a 3-week rise. The exchange rate started the new week with an increase and rose 0.55% to 5.7440 in the first half of the day.
The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate failed to hold onto its bullish form ahead of the weekend as market risk-appetite picked back up.
The Pound Sterling Australian Dollar (GBP/AUD) exchange rate rose and the pairing is currently trading at an inter-bank rate of AU$1.8088.
The NZD / CAD parity, which started with the day rising, may fall to the "0.8400" level after possible price developments.
There has been a bit of a divergence in the yields play back in favour of the aussie as of late, which has not been reflected by AUD/USD. I reckon if the currency pair can chase a move towards the 8 August high of 0.6822 and break above that, we could potentially see a more meaningful breakout potentially back towards 0.7000 if the yields spread allows for it.
The USD/CHF pair dropped to fresh session lows in the last hour, with bears now eyeing a follow-through weakness below the 0.9900 round figure mark. The pair failed to capitalize on its early uptick to one-month tops and was being weighed down by reviving demand for traditional safe-haven currencies - including the Swiss Franc - amid a slight deterioration in...