USD/CHF was close to violating the support represented by the 200-day SMA last week, but in the end it managed to stay above 0.8938.
Although the 18-month up-trend line continues to keep USD/JPY afloat, the currency couple remains unable to gather enough strength to commence a robust recovery.
Even though the major resistance has just been broken, the Cable remains hesitant to extend the rally.
EUR/USD has nearly reached the 200-day SMA last week, but at the moment it is trading just above the 20-day SMA and weekly PP.
This week has been good for New Zealand Dollar's bulls once again. The Kiwi breached the monthly R1 and major level at 0.8704/00; however, it failed to hold its positions above these levels.
The U.S. Dollar has prolonged its last week's retreat against the Canadian peer, today it slid beneath the major level at 1.08 and also below the monthly S1 at 1.0772.
This week AUD/USD has changed just slightly in its value. Although, on Tuesday the Aussie touched the weekly S1 at 0.9334, on Wednesday the losses were reversed.
The pair reversed some of last week's losses and managed to breach the weekly PP at 138.62. Still, even though the Euro gained bullish momentum it does not seem too convincing.
A recent test of 0.90 negatively affected USD/CHF, as the currency couple is now close to breaking one of the most important supports, namely the 200-day SMA at 0.8943/40.
USD/JPY's bullish outlook hangs by a thread, considering the pair remains unable to decouple from the major rising support line.
After several unsuccessful attempts GBP/USD has finally managed to close above 1.70, which was considered to be an unlikely event.
Broad weakness of the U.S. Dollar allows the single European currency to continue gaining more and more ground.
The pair closed above the major level and monthly R1 at 0.8700/04 yesterday. The Kiwi looks strong at the moment; however, this year we have seen that in most of the cases Kiwi's advances are followed by rather sharp drops.
The pair has slipped even lower, the greenback dipped below the weekly S1 at 1.0821. Nonetheless, it managed to reverse some of losses.
The Aussie is fighting the monthly R1 at the moment, after yesterday when the pair received a bullish impetus from the weekly S1 at 0.9338.
The Euro breached the weekly PP at 138.62 today and it continues to outperform the Yen. The next target for the shared currency could be the 20-day SMA at 138.84.
Just as in many other currency pairs, the U.S. Dollar is weakening here as well.
The currency pair failed to topple a combination of the 100 and 200-day SMAs yesterday and returned back to the up-trend at 101.86.
Although at first the Cable appeared to be intimidated by the resistance at 1.70, it continues to trade right next to the 2009 highs, meaning the pair is unwilling to retreat.
Instead of extending the dip down to 1.3513/1.3475, EUR/USD closed above the resistance formed by the weekly PP and 20-day SMA.
Despite the substantial momentum demonstrated last week, the pair did not manage to pierce the 87 cent mark.
Pair continues to be somewhat range bound around 200-day SMA—between 20-day SMA and 1.0830.
After failure at the weekly PP the pair has plummeted by more than 50 pips, but at the moment is hovering slightly above the 20-day SMA.
Euro continues to gain against the yen and at the moment is eroding weekly PP.