The currency pair found support in the face of the weekly pivot point and 20-day SMA at 0.8977/72, meaning USD/CHF could soon approach the monthly R1 once again.
USD/JPY is once again trying to restart a rally that has been failing to emerge for the past two quarters.
GBP/USD did refresh the 2009 highs yesterday, but its prospects are dim, since the pair appears to be indecisive in the presence of 1.70.
The Euro started this weak fairly energetic, but the weekly PP coupled with the 20-day SMA turned out to be enough to prevent the pair from realising its ambitions.
The New Zealand Dollar is starting to slide, after its last week's significant advance.
After last week's climb the Aussie has lost its bullish momentum and at the moment it is challenging the weekly S1 at 0.9337.
The greenback is still struggling to regain its bullishness against the Loonie, it is trading around 200-day SMA at 1.0864 already for five straight days.
The Euro is continuing to climb towards the weekly PP at 138.61; however, the bullish momentum is rather mild.
While the major 18-month rising trend-line continues to prove to be resilient by underpinning USD/JPY, its strength may soon be exhausted, as the currency pair remains unable to finally take off.
Even though the majority of the technical indicators are pointing upwards, the Cable seems to be lacking momentum in order to break a wall at 1.70.
USD/CHF may not be moving as fast as during the first half of May at the moment, but the risks are still skewed to the upside, being that the 200-day SMA acts as the support.
EUR/USD rallied yesterday, but appears to be too weak to sustain a prolonged recovery.
The Kiwi was the best performing currency among G10 countries last week; therefore, its appreciation against the greenback is logical.
It seems that the downtrend in USD/CAD has stalled as the 200-day SMA was reached last Thursday.
After Aussie's nine straight day advance that ended last Friday the pair has depreciated slightly and currently the pair is trading around the weekly PP at 0.9387.
Last week we saw a significant drop in EUR/JPY currency pair; moreover, the Euro fell to the lowest level against the Yen in four months at 137.71 today.
Despite USD/CHF having difficulties at the beginning of June the outlook on the pair is bullish, as it has confirmed the 200-day SMA as the support and there are no significant resistance overhead.
Despite being right next to the major rising trend-line USD/JPY is failing to commence a robust recovery, thereby calling into question U.S. Dollar's ability to outperform the Yen.
After touching a strong demand area at 1.6743 last week, formed by the 100-day SMA and long-term up-trend, GBP/USD managed to break some of the monthly pivot points and reach the 2009 highs.
The pair stays indecisive, as it is currently trading flat just above the support represented by the monthly S1 and 2014 low at 1.3481/75.
This week the Kiwi reminded about the fact that it has been the best performing currency this year as it reached the monthly R1 at 0.8699.
The greenback has depreciated against the Loonie this week, breaking the monthly PP at 1.0888. It seems the 200-day SMA has stopped this week's decline around 1.0860.
It seems that today could end the nine straight day bullish run for the Aussie, which yesterday breached the monthly R1 at 0.9410.
This week the Euro fell more than 200 pips; however, it seems it managed to recover as it received a bullish impetus from the weekly S3 at 137.72.