GBP/USD continues to fluctuate between a tough resistance zone at 1.6237/14 and a less formidable support area at 1.6070/34.
Although Bernanke's comments goaded many investors into selling the U.S. Dollar, thus greatly benefiting the value of the Euro, the resistance at 1.3561/42 seems to be holding off the rally for now.
For the time being 0.8332/21 (monthly PP and 55-day SMA) provides sufficient support for the currency to stay afloat, indicating that a rally up to the monthly R1 at 0.8478/72 still remains a viable option.
After receiving downward impetus because of a test of the resistance at 1.0527, the pair is slowly but surely approaching the monthly pivot point at 1.0402.
Despite the bearishness implied by the daily technical indicators, AUD/USD jumped 50 pips to the weekly R1.
Yesterday the resistance at 135.64/50, consisting of the monthly R1 and the November high, prevented further appreciation of the Euro relative to the Yen.
Instead of the expected rebound from the June low, USD/CHF is slowly eroding 0.9128/08, which might endanger an emergence of a recovery in the nearest future.
The long-term perspective remains bullish for the Dollar-Yen pair because of the reliable up-trend at 97.96/86 and the fact that monthly indicators are pointing upwards. The short run, as it turns out, is associated with considerable downside risks.
Apparently, the Cable has lost the bullish momentum it carried last week.
Despite the presence of the rising resistance line and the 55-day SMA the currency pair does not cease to tend upwards.
Given that NZD/USD is currently trading above the monthly pivot point and the 55-day SMA, there is a possibility that the currency pair will be able to advance up to the next monthly resistance at 0.8472.
Following a confirmation of a new down-trend resistance line at 1.0527, which is likely to act as a cap until the end of this year, the U.S.
Although AUD/USD opened this week with a fairly large (30-pip wide) bullish gap and most of the daily indicators are bearish, the Aussie remains buoyant.
The bullish momentum the currency pair gained last week has been completely nullified today by the resistance at 135.64/50, which is created by the November high and the monthly R1.
The currency pair failed to climb over the 100-day SMA and the monthly R1 last Friday.
USD/JPY is currently trading just below the strong resistance at 100.88/40, created by the monthly R2 and the September high.
Despite the proximity of the exchange rate to the major falling resistance line, the British Pound is gaining value against the greenback.
Even though the long-term bias with respect to the currency pair remains bearish, for the time being EUR/USD does not seem to be willing to descend beneath one of the key supports at 1.3451/23.
Pair did not manage to advance above the weekly R1 yesterday, but seems to be aiming at it once again.
Pair failed to consolidate above the downtrend resistance (connecting July and September highs) as it failed at weekly and monthly R1.
Pair spent last four days testing and bouncing off the 100-day SMA.
Pair continues to appreciate after a bounce from the 55-day SMA.
USD/CHF quickly covered the distance between 0.9130/28 and 0.9204/0.9179 yesterday, but today appears to be having difficulties at the resistance that is formed by the weekly PP, monthly R1 and 100-day SMA.
USD/JPY extended its bullish run by surpassing the weekly R1 at 99.87.