EUR/USD did not manage to reach last year's low yesterday and returned to the monthly S2 at 1.29, which is now acting as a ceiling.
NZD/USD retreated around 100 pips yesterday until the decline was halted by the major level at 0.8100.
Yesterday USD/CAD managed to climb above the 1.10 level; however, today the pair dropped below this level again.
After reaching February high at 0.9081 the AUD/USD currency cross gave up and plummeted below the 0.90 level.
The Euro has received a bullish impetus once again, the pair has breached the major level at 140 and now is challenging June high at 140.11.
Dukascopy Aggregate Technical Indicator for 30 min and 1H time frame charts for major pairs for the last 144 periods till 15:30 GMT.
USD/CHF has finally escaped the boundaries of the flag pattern it has been forming the last two weeks.
Following a brief correction USD/JPY jumped 140 pips in one day, effortlessly piercing through the monthly R3 in the process.
Despite the U.S. Dollar appreciating across the market, the currency was unable to outperform the British Pound, which in turn is currently attacking the resistance area between 1.63 and 1.635.
The currency pair lived up to the expectations by breaking out of the recently formed rising wedge to the downside.
The New Zealand Dollar has traded around the monthly S2 at 0.8176 for the last five trading days and for now it seems that NZD/USD is likely to continue hovering around this level.
Since the USD/CAD cross touched the major level at 1.11 it has disappointed the bullish traders as the pair has dropped below the 1.10 mark.
AUD/USD were not able to break the 0.91 level yesterday, while today the pair slipped towards the 0.9050 mark.
The Europe's currency tested the monthly R2 at 139.19 again, after breaching the major level at 139. Apparently, the pair remains bullish as it repeatedly tries to surpass the previously mentioned levels.
USD/CHF is presently well-supported by the monthly R2 at 0.93, meaning there is a high chance the bulls are eventually going to emerge victorious and make the Greenback surpass the recent highs.
Although there was expected a distinct bearish correction at least down to 106 (we should still not rule it out completely), the U.S. Dollar is holding fairly well during the current profit-taking.
Although it looked as if the market respected the new resistance at 1.6250, the supply here turned out to be insufficient to push the Pound back to the monthly S3 at 1.61.
EUR/USD seems to have formed a rising wedge pattern, which further implies depreciation of the European currency, along with the daily and weekly technical studies.
The New Zealand Dollar continues to trade around the monthly S2 at 0.8176; although, it was not able to consolidate above it when the level was breached earlier today.
The failure at 1.11 level on Monday has sent the pair even lower, as it slipped below the weekly PP at 1.1024 today.
This week the AUD/USD currency cross has traded in very narrow range compared to the last week's fluctuation.
After yesterday's unsuccessful attempt to consolidate around the 139 level the pair fell lower to trade slightly above the 138.50 mark.
Though the U.S. Dollar is hesitant to appreciate at the moment, the market is bullish—since May the pair has already covered seven figures.
USD/JPY is presently taking a break to gather strength before conquering 108 and thereby opening a path towards the 2008 high at 110.50.