As EUR/JPY did not settle beneath 146 but quickly rebounded from 145, the short-term outlook towards the pair remains positive.
Gold was almost completely unchanged during the trading day on Tuesday.
As it turned out, the supply at 120 did not manage to stop the advancement of the US Dollar.
Having taken the support at 1.56 out of the way, GBP/USD is currently putting a lot of pressure on 1.55, which in turn does not appear to be an easy target.
Yesterday, the EUR/USD currency pair dropped considerably and managed to set a new yearly minimum in the very end of December.
NZD/USD is still trading above the 0.77 level and it is likely to stay there in a foreseeable future.
USD/CAD continues to challenge the up-trend's resistance and monthly R2 that are located at 1.1635.
The Aussie dropped to the lowest level in more than four years today, as it dipped below the 0.81 mark.
The EUR/JPY cross has been trading almost completely flat today, as it is still sitting near the weekly PP at 146.47.
On Monday, the bullion declined in price considerably, losing around $25 per ounce to reach the weekly S1 at $1,177.
USD/JPY has breached the psychological level at 120 and it has a potential to trade even slightly higher.
The British Pound continues to underperform against the US Dollar, as it has dipped below the 1.56 level today.
On the first day of this working week, the EUR/USD cross decided to stay pretty much unchanged, as it continued to trade in the vicinity of the monthly S2 and 2014 low around 1.2220.
The Kiwi similarly to the Aussie has not changed much since today's opening, after sliding slightly lower last week.
The EUR/JPY cross has started the week strong by breaking the weekly PP at 146.47.
As expected the US Dollar is very likely to hold its positions above the 1.15 levels and there is a rather high possibility that the pair could end the year even above the 1.16 mark
AUD/USD is currently hovering above the 0.81 level; although, it has not changed almost at all since the drop on Wednesday.
Last Friday, the bullion fell slightly to trade around $1,195 per ounce at the end of trading session, even though the overall picture for the metal remained neutral.
USD/JPY has recovered since the weak performance at the beginning of the previous week and now is nearing the 120 mark.
The second part of the week was rather bearish for the pair, as it fell to the lowest level this year; however, it has recovered since then.
EUR/USD stayed under bearish pressure on Friday of last week, as the shared currency dropped below 1.23 and consequently set a new 2014 low at 1.2219.
The Kiwi has extended its yesterday's advance against the US currency, as the pair is trading around this week's opening level at 0.7781.
USD/CAD seems to be entering a period of correction, after touching the highest level this year at 1.1675.
The pair started the day with a move higher from previous close at the 0.8163 level. In spite of surpassing the weekly S1 at 0.8183, the AUD failed to hold the gains versus its US counterpart and slid back to trade at lower prices.