As GBP/USD has just confirmed the resistance at 1.6250, the Sterling should lose some ground in the nearest future.
The Euro continues to trade flat, being unable neither to break the support at 1.29 nor to decouple from it and challenge some of the nearby resistances.
The New Zealand Dollar is testing the monthly S2 at 0.8176 today, after falling below it on Friday.
Today the U.S. Dollar formed an attack towards the 1.11 level, even though it managed to approach the mark it failed to consolidate above the level.
Even though the Aussie fell to the lowest level since March the current decline has been halted at the 0.90 level for now, as the pair successfully rebounded above the major level.
EUR/JPY failed to consolidate above the 139 mark, after extremely successful week for the Euro bulls, when the pair appreciated more than 300 pips.
USD/CHF continues to consolidate, as the bulls are dormant after a precipitous Sep 4 rally.
The U.S. Dollar is getting close to a significant resistance zone around 108, formed by the weekly R1, monthly R3 and Bollinger band.
The Cable has finally reached 1.6250, after encountering a dense demand area at 1.61.
The bears failed to push through the support at 1.29 (monthly S2), thus allowing a small upward correction to take place last Friday.
The New Zealand's currency cannot find the end of its current retreat, the pair has fallen significant 700 pips from its peak on 10th of July.
The U.S. Dollar has been one of the best performers this week, also against its Canadian counterpart.
The Aussie has been very bearish through this week, the AUD/USD currency cross started the week more than 300 pips higher than it is trading at the moment writing.
The European currency has performed explicitly well against its Japanese peer this week, as the pair has appreciated around 250 pips since Monday opening.
USD/CHF stays capped by the weekly R1, but, provided that the support at 0.93 is not suddenly violated, the bulls should gain the upper hand in this local battle.
USD/JPY is approaching the supply area formed by the weekly and monthly R3 levels, which can throw the price back to 106.
With yesterday's spike extending to 1.6276, GBP/USD has finally closed the gap, meaning there are no more reasons for the Pound to advance.
Since Monday the trading range has been narrowing, and EUR/USD seems to have formed a symmetrical triangle as a result.
NZD/USD has prolonged its decline to four straight days, as the pair approached the monthly S2 at 0.8176 today.
Today the U.S. currency has reversed yesterday's losses and it is challenging the 1.10 level once again.
The USD/CAD currency pair is still on a strong down-trend, as of today it is moving even closer to the 0.91 level, which has not been approached since this year's March.
EUR/JPY cross continues to climb higher, the pair has fully recovered from the last week's drop, when the pair lost around 250 pips in two trading sessions, and now it is trading above the 138 mark.
Freedom of USD/CHF has been restricted by the weekly R1 from above and monthly R2 from below this week.
The U.S. Dollar has just cleared yet another supply area and appears ready to continue the advancement, being well-supported by the two-month accelerated up-trend (currently at 105.50).