USD/CHF has formed a symmetrical triangle pattern and the currency pair is presently trading close to the apex of the figure, implying that the break-out is just around the corner.
As it turned out, the bullish momentum of USD/JPY is still weak, since the currency pair failed to decouple from the support at 102.05/101.96.
GBP/USD ignored the resistance at 1.6500/1.6470 (2011 highs and monthly PP) and soared up to the next important supply area at 1.6674/32.
EUR/USD is still struggling to overcome the resistance at 1.3642, which consists of the 55-day SMA and one-month falling trend line, even though the price seems to be well-supported by the monthly pivot point.
NZD/USD used the 100-day SMA as a springboard and surged through the monthly R1, reaching the weekly R1 at 0.8366.
At the moment USD/CAD is trading just above the 38.2% Fibonacci retracement of this year's up-move, meaning the upward impetus remains intact.
Even though not as confidently as yesterday, but the Aussie keeps on advancing further.
Although EUR/JPY has confirmed the falling trend-line as the new support, its bullish momentum turned out to be insufficient to pierce through the tough resistance at 140.15/05.
After touching the weekly S1 at 0.8937 USD/CHF is attempting to restore its bullish momentum and negate the recent losses.
It seems that USD/JPY has finally ended its bearish correction and is now poised for a robust rally, as it is underpinned by the demand area at 102.04/101.96, formed by the 100-day SMA and the 38.2% Fibo retracement.
Despite the daily technicals mostly pointing downwards, the exchange rate advanced and reached an important resistance, mainly consisting of the monthly PP and the 2011 highs.
Even though EUR/USD went up to the monthly R1 yesterday, the currency pair did not manage to get a foothold above 1.3646 and returned to where it opened the day, namely to the 100-day SMA.
Pair attempted to advance above the 140 JPY, but failed to do so and is back trading slightly below this mark.
Pair resumed it's rally and today has already peaked above the 90 cent mark.
Pair seemingly regained bullish bias, but failed to gain momentum on it and at the moment is consolidating slightly below the 20-day SMA.
Pair resumed a rally which started last week and tested monthly R1 today.
Although the support at 0.8989 was expected to hold, the currency pair nonetheless managed to push through the defences and close beneath it.
After closing the gap and making a short downward correction yesterday, USD/JPY found support in the face of the 100-day SMA and the 38.2% Fibonacci retracement level of the November-December rally.
Even though the support at 1.63 demonstrated its resilience last week, the Cable failed to continue the fragile recovery from it after hitting the 55-day SMA.
While the 55-day SMA did not prove to be capable of stopping EUR/USD's bullish momentum, the monthly R1 at 1.3678 is likely to last longer under the buying pressure.
NZD/USD effortlessly pierced through the 55 and 100-day SMAs last week, but stopped moving upwards once it approached the monthly R1.
Although last Friday USD/CAD plunged down to the monthly PP, the U.S. Dollar managed to recover thereafter and close the week above the key trend-line.
As suggested by the weekly and monthly technical indicators, AUD/USD stalled ahead of the falling resistance line at 0.8950 and started negating recent gains.
As it turned out, the supply circa 139, implied by the 2009 highs in conjunction with the 100-day SMA, was insufficient to prevent further appreciation of the Euro.