Jan. 29: American session
The currency pair EUR / USD fell sharply today in the area of 1.3600 figure , after the bulls once again failed to pass above resistance 1.3685 . Depreciate pair contributed unexpectedly low values of the monetary aggregate M3 ( 1.0 % vs. expectations of 1.7 %) , according to which the ECB reported . In the U.S. session while active bulls , trades in the area of 1.3650 in anticipation of today's Fed meeting, which will decide on the reduction of QE. GBP / USD pair has done a similar motion to quickly test yesterday's low 1.6535 . Now bulls regained prices in 1.6560 area , but a short-term situation remains bearish .
The sharp increase in volatility observed on a pair of USD / CHF, the rate of which has once again tested 0.9010 resistance yesterday , then collapsed to the recent support of 0.8935 . Currently trades are carried by 20 pips higher, but bearish trend may continue . 103.35 mark was an insurmountable obstacle for the bulls USD / JPY. After the second test , the pair collapsed to support two days ago - 102.00 , of which is now trying to recover in 102.25 .
Currency pair AUD / USD traded in negative territory after the morning could not overcome the resistance of 0.8825 yesterday . Session low fixed at 0.8730 , but as a result of corrective recovery are now trading slightly higher at at 0.8760 . Short-term situation again changed to bearish . Pair NZD / USD consolidates at a session low of 0.8260 . Perhaps increased bearish pressure .
USD / CAD pair suddenly collapsed to the levels of 1.1100 , which formed today's low . However, the U.S. session the market strong bulls that restored currency pair to 1.1150 level . However, note that the pair tested the 1.1190 day , updating , so the next highs. Obviously, long-term bullish players in the near future will continue.
Tatiana Norkina , an analyst at FBS