The New Zealand Dollar has gained against the U.S. counterpart for a second straight day, making it the first time in more than 10 days.
The U.S. Dollar has been outperforming the Loonie for a while now; however, this seems as one of the rare days, lately, when USD/CAD might depreciate.
AUD/USD slipped below the 0.87 mark and traded just a couple of pips above this year's high at 0.8660 earlier today.
The Euro has extended its decline to a second straight day, as the EUR/JPY cross is falling closer to the 138 level, where the weekly S1 and 100-day SMA is located.
USD/CHF, after unimpressive performance on Monday, posted new highs yesterday, proving to retain bullish momentum.
After finding firm support at 109 USD/JPY was able to extend the gains to the weekly R1.
GBP/USD keeps moving away from the three-month down-trend, which is expected to lead the pair to this year's minimum.
The support at 1.2660 did not withstand the selling pressure yesterday, thus exposing the 2012 low at 1.2040, namely the main long-term target.
The Kiwi is trading above yesterday's closing price, meaning that it has added to its value today. Moreover, NZD/USD has dropped for eight consecutive days.
The U.S. Dollar is continuing its advance with a test at 1.12 level; nevertheless, the USD/CAD cross has not managed to consolidate above the level thus far.
At the time of writing, the Aussie has managed to appreciate slightly above the 0.87 level, that has halted the currency pair's decline at least for now.
The Europe's shared currency dropped towards a cluster of support levels (weekly S1; monthly R2; 100-day SMA) around the 138 mark, after approaching the major level at 139 a day earlier.
By failing to overcome the resistance at 0.9530, USD/CHF has confirmed the up-trend, which was initiated at the very beginning of this quarter.
Despite absence of any significant obstacles overhead, USD/JPY is finding it hard to gather enough strength to continue the advancement.
Though the bulls were largely defeated last week, they are not giving up, but keep hindering further development of the dip.
EUR/USD failed to pierce the support at 1.2650 yesterday, but at the same time did not leave its vicinity, posting merely a 15-pip rally from the 2012 Q4 low.
The New Zealand Dollar is continuing its downfall today, last week the NZD/USD cross lost almost 300 pips, while at the beginning of this week it has lost already almost 100 pips.
The U.S. Dollar is challenging the monthly R3 at 1.1167, which is not giving in for now; moreover, it seems that this could be the first day out of seven when the pair does not post daily gains.
AUD/USD has been on a sharp down-trend since 8th of September. Moreover, it tested the trading levels below the 0.87 mark; although, it did not consolidate at these levels.
The EUR/JPY currency couple touched the 139 mark today, after declining below this level last week.
The Greenback keeps strengthening and there seem to be no resistances in USD/CHF nearby that could contain the present upward momentum.
Although at first USD/JPY was hesitant to continue advancement around 109, being well-supported at 108.50 allowed the currency pair to gather strength and overcome this obstacle.
GBP/USD has recently confirmed the falling resistance line, meaning the current sell-off is in a good position to extend down to 1.6050.
As it turned out last week, the 2013 low was unable to prevent the Euro from further depreciation.