EUR/USD keeps trying to push through the support at 1.3335/28, a breach of which will pave a way towards the key level at 1.33.
As implied by the near-term technical studies, the British Pound continues to cede ground against the Dollar.
The New Zealand Dollar has regained some small part of its losses trough last two trading days.
At the moment the pair is trading slightly above the 200-day SMA at 1.0917, after yesterday the Greenback tested the weekly R1 at 1.0980.
The Australian currency dropped rather significantly after yesterday breaching the monthly PP at 0.9362.
The European shared currency touched the 20-day SMA at 137.13 earlier today, after falling to the lowest level this year at 136.17 yesterday.
The resistance at 0.9117/0.9099 proves to be quite strong, as USD/CHF is unable to reach this year's high for a second week, being only some 50 pips away from the peak.
Despite the 200-day SMA appearing to be a reliable support, in the end the bears were able to push the pair through the demand at 102.48/46.
Although the Cable had the potential to advance a little further, towards the 100-day SMA or even the up-trend at 1.70, the weekly pivot point turned out to be enough to halt the rally.
Initially EUR/USD dipped down to 1.3333, but afterwards managed to climb back to the weekly S1.
NZD/USD has little changed today, after yesterday, when the pair fell well below the 0.85 mark.
Today the U.S. currency depreciated below June high, after reaching the weekly R1 at 1.0980 earlier.
The Aussie has reversed almost all of its yesterday's losses relative to the Greenback and it is trading below the weekly PP at 0.9335.
The Euro has fallen below the major level at 137, after trading above it since 30th of July.
The U.S. Dollar has launched yet another attack on 0.9099, which has been lately keeping USD/CHF from advancing further.
USD/JPY remains unable to decouple from the 200-day SMA, which is not caving in to the selling pressure but at the same time is failing to ignite a rally.
GBP/USD continues to recover—it has already reached the weekly PP at 1.6879.
As expected, none of the nearest supports were able to underpin the price, which gave up 50 pips more.
The pair fell below the 0.85 mark; although, the weekly S1 at 0.8461 has stopped the decline for now.
The U.S. Dollar added more than 30 pips relative to the Loonie today and it is hovering around June's high at 1.0961.
The Aussie has lost all of the yesterday's gains and is trading around the major level at 0.9335 at the moment of writing.
This pair still lacks volatility as for the last five trading days it has fluctuated in the range between the weekly and monthly PPs at 137.49/76.
As it turned out, USD/CHF did not have to slide down to 0.90 in order to terminate the correction that was started last week.
The support provided by the 200-day SMA and weekly PP proved to be weaker than initially expected, as the upward momentum is not gaining traction.