As the 200-day SMA stays beneath the spot price, we retain a positive bias towards USD/CHF.
The chances USD/JPY is going to continue its long-term recovery are gradually melting, as the currency pair is slowly but surely eroding the major up-trend line.
Similarly to the situation in EUR/USD, the British Pound also lacks momentum, even though it has crossed 1.70.
Although there are no strong resistance levels until 1.37, which has all the chances to be the pair's next objective, EUR/USD stays glued to the weekly PP and 20-day SMA at 1.3588/82 instead.
Pair is inching up higher, but it seems it's advancement will have to wait as 2014 high is causing noticeable problems for the pair's bulls.
Pair continues to trail lower after a failure slightly below 1.09 mark in the middle of the last week.
Pair showed a strong sell of and immediate recovery last week and is attempting to advance further, but seems to be struggling with 2014 high at 0.9461 which was reached in April.
Pair demonstrated a rather neat rally last week, but at the moment seems to be struggling with 20-day SMA.
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.