The pair breached the weekly PP and major level at 1.09, but just after that it weakened below this significant level.
The Aussie has little changed through last couple of days, it still is seeking for a catalyst.
The Euro dropped to trade around the monthly S1 at 140.08, after the weekly PP and 100-day SMA at 140.82/84 was reached.
USD/CHF breached the down-trend at 0.8832/14, which implies a strong bullish momentum, but the currency pair is having trouble overcoming the 100-day SMA at 0.8873.
USD/JPY is currently trying to restore its bullish outlook by gaining a foothold above 102.40/19, which consists of the long-term up-trend and 55 and 100-day SMAs.
Although there were no notable supports nearby, GBP/USD went in the direction suggested by the technical indicators, namely north.
EUR/USD remains completely motionless after hitting the support at 1.3753/25.
Last week the pair reached a new 2014 high at 0.8779; however, after approaching this level the pair started to fall and by week's end it slipped beneath the monthly PP at 0.8622.
Since the pair declined below the major level at 1.09 and touched another major at 1.08 last week it has failed to reverse this retreat and to appreciate above 1.09.
After consolidation around 0.9250 the Aussie managed to break the monthly PP at 0.9316 and almost reached the major level at 0.94 previous week.
After last week's decline the Euro started to regain some of its lost value today, at the moment the pair is trading slightly above the monthly S1 at 140.08.
USD/CHF has just broken out of the falling wedge pattern, meaning the outlook on the currency pair is now strongly bullish, even though the weekly and monthly indicators are giving ‘sell' signals.
Unless USD/JPY manages to gain a foothold above the major rising trend-line (in force since the beginning of 2013) that it has recently breached, the pair will be seen as bearish in the long term.
The Cable remains bearish after hitting the 2009 highs.
Last week the currency pair plunged through a series of significant supports, such as the monthly PP and 55-day SMA.
This week the Kiwi set new 2014 high once again at 0.8780; however, since then it declined and reached the monthly and weekly PP at 0.8622/15.
Today the greenback has erased some of this weeks losses as it received a bullish impetus from weekly S3 at 1.0825.
This week the Aussie advanced from the weekly PP at 0.9264 and reached the weekly R2 at 0.9379 today.
Through last two trading days EUR/JPY has declined rather significantly and it even reached the major level at 140, the lowest level in six weeks.
The impact of a test of the support at 0.8712/06 was stronger than initially expected due to a catalyst in the face of the fundamental factors.
While the 200-day SMA is still not letting USD/JPY to step any lower, it is also failing to rekindle interest of the market in the pair.
GBP/USD remains bearish after hitting 2009's peak, even though the technical indicators are mostly pointing upwards at the moment.
Soon after touching upon the up-trend resistance and monthly R1 at 1.3958 EUR/USD came under strong selling pressure, which returned the currency pair back below 1.39.
Today the pair has little changed, after yesterday's decline stopped at the major level at 0.8650.