Since USD/CHF closed above 0.90, it is already unlikely that the price is going to re-test the 2014 lows at 0.87.
Slowly but surely the U.S. Dollar is outperforming the Yen, as it has received a bullish impetus after a test of 101.
Apparently, GBP/USD is not willing to use the opportunity to rebound from the 2009 high.
The sell-off might not have been as strong as expected after a breach of the support at 1.35, but the risks are still considered to be heavily skewed to the downside.
The pair's movements are still mostly determined by its bears that are pushing EUR/JPY lower, as of today the monthly S2 at 136.46 was reached.
The Aussie has not looked back since it received a bullish impetus from the monthly PP at 0.9369 yesterday.
USD/CAD is entering a very narrow range and a break-out is expected soon.
The New Zealand Dollar is still unable neither to breach the 0.87 mark nor the monthly PP/55 and 100-day SMAs at 0.8654/42.
The Reserve Bank of New Zealand is assumed to raise the interest rates by 0.25% following a last month's hike from 3% to 3.25%. NZD/USD reached 0.8684, the highest level during the Asian session and then started to consolidate at 0.8688. The probable support may be found at 0.8650, July's 17 low, with the resistance at 0.8720, July's 21 high.
Despite the resistance at 0.90 that stopped strong advancement of USD/CHF in May, USD/CHF managed to rally above this level yesterday.
The U.S. Dollar continues to strengthen against the Yen and is about to touch one of the main resistances that lie overhead.
As long as the support at 1.7054/19 remains intact, there is a good chance the bullish momentum of the Cable is going to be restored and the rate will eventually rise up to 1.74.
Regardless of the bullish indicators on a monthly time-frame, EUR/USD has finally closed beneath the major level at 1.35, meaning the currency pair has now confirmed its long-term bearish intentions.
The Kiwi's bears still have not found a way how to break the support levels (monthly PP, 55 and 100-day SMA and weekly S1) slightly below the current trading levels.
The U.S. Dollar still lacks bullish momentum; therefore, the pair is stuck slightly below the weekly and monthly PPs at 1.0748/60.
It seems that the monthly PP at 0.9368 was too significant obstacle to surpass.
The Euro started the trading with a opening above the 137 level, but during the day it lost some of its strength and slid below the major level.
At the moment USD/CHF is standing still below the monthly R1 and the resistance line at 0.90.
USD/JPY is currently moving away from its key support.
The resistance at 1.74 remains a viable target, given the signals of the monthly technical indicators (four are bullish and four are neutral).
A rally after a test of 1.35 turned out to be quite shallow, as the currency pair was sold of as soon as it approached the monthly S1 and up-trend line.
After last week's losses the pair has started slow, at the moment it is attacking the major level at 0.87.
The Greenback is struggling to breach the monthly PP at 1.0760, but the pair is supported by long term trend line which proved its strength at the beginning of month.
Today the Aussie tested the major level at 0.94; however, it was unable to break this level.