NZD/USD is still carrying the inertia it received after hitting the falling resistance trend-line at 0.8086.
We were ready to see a sell-off from the weekly pivot point, but the buying pressure is keeping the pair afloat near today's open price.
Currently we see implications of the recent failure of bulls to take the price above 0.9843/25 and thus confirm a reversal.
EUR/JPY has just fallen to a new low at 129.76, showing that it is too heavy at the moment to continue its long-term bullish trend.
Support zone at 0.9467/30 confirmed its topicality for the market, but in the end, judging by the recent price action, does not look solid enough to change USD/CHF's direction, a scenario mentioned yesterday.
Even though 99.98/42 has not yet been breached, it is probably going to let USD/JPY to step lower.
It seems that the Cable will carry on advancing forward, as it has just gained a foothold above the former resistance at 1.5308/1.5260, which now acts as the support, according to the change in polarity principle.
Despite the presence of the 200-day SMA EUR/USD sticks to its upward course, being close to ending the day above 1.3096/70.
Yesterday's surge came to an abrupt halt as soon as NZD/USD reached the bearish resistance line that may be drawn through the highs posted since May 13.
The downward momentum USD/CAD received after encountering 1.0357 was sufficient in order to deliver the price to the support at 1.0295/67, which in turn is not willing to give in at once.
As feared, AUD/USD's surge from the 2012 low at 0.9577 did not prove to be sustainable, failing to extend up to the weekly R2 at 0.9783, let alone May 21 high at 0.9843, although there is still a chance of such a move in the short term.
Once EUR/JPY dropped down to the support at 130.07/129.57, a strong rally was triggered.
A struggle between the bulls and bears continues at the resistance formed by the 200-day SMA.
USD/CHF was unable to cling to the support at 0.9567/44, but apparently has better chances at preventing development of the decline at 0.9469/67, which consists of the weekly S1 and 55-day SMA.
Similarly to what was happening early April, USD/JPY dipped below the rising support line, thus endangering its upward tendency.
GBP/USD disregarded a number of strong resistances yesterday and managed to settle above a support zone at 1.5305/1.5265, opening new opportunities for itself.
A sharp fall last Friday triggered a strong bullish reaction, which has nearly erased the latest losses, but there is still some distance until 0.8115/13 to fully rehabilitate.
USD/CAD did not have to rise as high as 1.0453/47 to face selling pressure strong enough not only to stop pair's advancement, but also to send it back down to the support at 1.0295/67.
It appears that the 2012 low has freed AUD/USD from the heaviness it had the past month.
As expected, EUR/JPY exhibits bearish behaviour, while firmness in the currency pair is yet to arrive in the future.
The currency pair is close to breaching the support at 0.9567/44, Mar 14 high, which appears to be unable to save the bullish outlook on the price.
SD/JPY has finally reached the lower boundary of the channel up pattern it has been trading within for the past 130 days.
Last week EUR/USD was unable to gather enough bullish momentum in order to break through a wide but nevertheless formidable resistance area at 1.3091/40, formed mainly by the 100 and 200-day SMAs.
Just as EUR/USD, the Cable jumped higher, but also encountered strong resistance, which is unlikely to let a rally to develop.