The bullish momentum of USD/CHF remains fairly weak, as it was unable to push the pair through the weekly R1.
In order for the bullish momentum to stay intact, USD/JPY should remain above the support at 101.86, represented by the rising trend-line and monthly pivot point.
Relative tranquility of GBP/USD was interrupted by Mark Carney, who substantially increased attractiveness of the Pound by his comments
EUR/USD turned around after approaching 1.35, and it is now moving towards the weekly PP and 20-day SMA at 1.3609.
Even though the Aussie slid below the weekly R1 today it managed to recover the losses and to trade around the major level at 0.94.
At the moment it seems that the U.S. Dollar is supported by the 200-day SMA and the semi-major level at 1.0855/50.
The Kiwi remains strong, after yesterday's 80 pips advance it did not lose momentum and kept appreciating as the weekly R2 was breached at 0.8637 today.
The Euro repeatedly fell below the major level at 138; although, it bounced back to trade slightly above this level.
Even though USD/CHF is only facing the weekly R1 and Bollinger band, the rate remains hesitant to extend its rally.
A demand area between 102.23 and 102.05, mainly formed by the 100 and 200-day SMAs, proved to be insufficiently strong to turn USD/JPY around.
The British Pound remains sandwiched between the trend-line at 1.6813/1.6783 and the 100-day SMA at 1.6732/21, increasing the uncertainty regarding future of the currency.
The currency pair closed below the weekly S1, but seems to be already losing its downward momentum ahead of the main support at 1.3481/75.
The Kiwi is still bullish and it managed to break the 100-day SMA at 0.8539 today. Now it has more significant obstacle in front—weekly R1, monthly PP and 55-day SMA at 0.8569/84.
This week the greenback is slipping moderately against the Loonie, today the U.S. currency dropped beneath the monthly PP at 1.0913.
The Australian Dollar reached the major level at 0.94; nonetheless, we do no see the Aussie setting new high this year.
Today the Euro prolonged its decline and reached the major level at 138; however, its fall was limited as expected because of this support level (major level at 138 and May low at 137.98).
Despite the unfavourable signals given by the technical indicators, the buck continues to strengthen.
The U.S. Dollar carries on ceding ground, even though the currency is already facing a supposedly formidable demand area at 102.23/05, and most of the technical studies are bullish.
The bulls failed to push the price through the resistance at 1.6813/1.6783, represented by the up-trend line, monthly PP, 55-day SMA and others.
EUR/USD closed below the weekly S1 yesterday, meaning there are no significant supports left to guard the key level at 1.3481/75—monthly S1 and, more importantly, the 2014 low.
At the moment the Kiwi is trading around April and May lows; nonetheless, these levels are still rather high.
The U.S. Dollar is still struggling to find a bullish impetus, today it slid below the major level at 1.09, though it managed to bounce back above this level.
The Aussie prolonged its climb against the greenback to one week, right now it is attacking the next resistance level (the weekly R1) at 0.9386.
The Euro is continuing yesterday's drop by falling below the major level at 139 and sliding closer to the 138 level.