USD/JPY had to come all the way back to 108 in order to revive the bullish activity.
Although GBP/USD initially found support at 1.6162 (weekly S1), the currency pair stopped 50 pips short of reaching the supply area near 1.63 and turned around.
Despite the potentially game-changing events that transpired yesterday, EUR/USD did not react to the fundamental news and did not violate any of the important levels.
The New Zealand Dollar has continued to reverse some of the previous losses against the U.S. counterpart; moreover, the pair formed a attack towards the major level at 0.79.
The U.S. Dollar reached the weekly and monthly PPs at 1.1088/83 today, which are located just slightly below the major level; however, the pair has recovered since then.
The pair's bulls have managed to push the pair towards the major level and weekly PP at 0.8800/05, after almost reaching this year's high yesterday.
Today the Euro has prolonged its decline against the Japanese Yen, after the pair dropped below the weekly S1, 55 and 100-day SMA at 137.97/79.
USD/CHF keeps standing close to the resistance at 0.9586/78.
As it turned out, USD/JPY did not have to touch the 2008 high in order to come under strong selling pressure.
After hitting the weekly S1 during yesterday's trading sessions, GBP/USD is currently moving counter the major trend—towards the negatively-sloped line at 1.63.
Continuation of Tuesday's sell-off did not take place yesterday—the support at 1.26, represented by the weekly S1 and Bollinger band, remains intact.
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.