USD/CHF has found support represented by the 2012 lows at 0.89 and did not proceed with the decline.
USD/JPY stopped near the support at 101.22/00 and then shot through the resistance created by the 100-day SMA and several other studies.
Although at first it appeared as if the Cable was going to ignore presence of the up-trend resistance line, the monthly R2 helped to nullify last week's bullish momentum.
EUR/USD stalled 50 pips short of the resistance at 1.3758, but is still considered to be capable of reaching it in the nearest future, as weekly and monthly indicators remain somewhat bullish. However, further advancement is highly unlikely.
Pair took a step back before a attempting to for new 2014 high.
Pair continues to demonstrate bearish bias, but is not really trailing lower as fast as it could.
Pair started the week slightly above the last week's closing level, but failed to maintain this bullish bias and failed t 100-day SMA.
During the last week the pair consolidated around 2009 high at 139.24 and swung between monthly PP at 140.10 and 100-day SMA.
USD/CHF has just reached the first target implied by the symmetrical triangle at 0.89.
Considering that 102.31/101.92 was insufficient to underpin the pair, USD/JPY is expected to descend down to 101.16/00 prior to an attempt to recover.
GBP/USD is currently testing the resistance created by the monthly R2 and the long-term rising trend-line.
Even though last week EUR/USD had trouble passing through some of the resistances, the currency pair preserved the bullish momentum.
NZD/USD seems to be likely to post a second week of substantial gains, as all of the resistances encountered failed to halt the advancement.
Although there was a good chance for the U.S. Dollar to find support at 1.1000/1.0979, as it consists of the 2009 highs, monthly PP and 38.2% Fibo, USD/CAD closed beneath it yesterday.
Being well-supported by the falling trend-line at 0.8950, the currency pair managed to rise back up to 0.9092/51, which consists of the weekly R1 and 100-day SMA.
Considering the currency pair's behaviour during the previous month, it looks as if EUR/JPY formed a broadening wedge pattern that usually portends a reversal; in this case—end of the bearish correction.
As suspected, USD/CHF violated the lower boundary of the symmetrical triangle and plunged all the way down to 0.8937/20, where it is currently underpinned by the weekly and monthly S1 levels.
Even though USD/JPY has recently broken out of the falling wedge pattern and then was able to gain a toehold above a formidable support zone, it remains too heavy to commence a recovery.
Despite the obstacles the Sterling encounters, the currency is unceasingly moving forward.
After EUR/USD dipped down to the monthly pivot point, some of the technical indicators turned bullish.
Pair did not manage to extend it's gains above the weekly R1 yesterday, but it is trying to do so today.
Pair continues to demonstrate bearish bias, but monthly PP keeps it floating.
Pair failed to form a new 2014 high and has dipped below the 90 cent mark.
Pair has completely lost it's bullish momentum and at the moment is consolidating above the 139 JPY mark.