The Kiwi remained strongly bullish stance and it managed to set a new 2014 high at 0.8795 this week. Today the pair slid slightly closer to the weekly R1 at 0.8747.
The pair remained strongly bearish this week as it dived beneath the monthly S2 at 1.0697 today and did not show any bullish signs.
The Aussie fluctuated between the monthly R1 (at 0.9415) and the weekly PP (at 0.9380) this week. However, today the pair approached the weekly R1 at 0.9437, but it failed to consolidate there.
EUR/JPY has slipped slightly lower this week. The pair fell below the weekly PP at 138.46; although, the weekly S1 together with the major level at 138 halted pair's decline.
Although USD/CHF does not seem to be in a hurry to decline at the moment, there are also low chances of the currency pair returning above the 200-day SMA in the nearest future.
Since one of the major trend-lines has just been breached, USD/JPY is expected to hit 101.20 in the coming days.
The bulls turned out to be persistent, as for now the Cable is refusing the leave the vicinity of the 2009 high.
EUR/USD still does not exhibit any willingness to advance either north or south.
The Kiwi extended its yesterday's appreciation against the buck today. The pair traded just 4 pips below this year's high at 0.8780; although, afterwards it fell lower.
The greenback extended its decline against the Loonie today as the weekly S1 at 1.0705 was approached.
The Aussie appreciated slightly today and even though it failed to breach the monthly R1 at 0.9415 it still is trading above the major level at 0.94.
It seems that at the moment the Euro is not strong enough to break the 20-day SMA level at 138.77.
USD/JPY is now facing serious risks, being that the up-trend line already seems unable to attract demand for the U.S. Dollar.
In the wake of GBP/USD challenging the 2009 high, the Sterling is currently ceding ground.
The Euro is slowly but surely moving in the direction of the 55 and 200-day SMA on the back of a weaker greenback.
Despite the 200-day SMA proving to be a fairly reliable support throughout June, USD/CHF closed beneath 0.8936 yesterday.
The New Zealand Dollar appreciated towards the monthly R1 at 0.8704, after yesterday when the currency weakened below this level.
USD/CAD remains bearish and continue to trade at the lowest levels since the beginning of the January.
Today the Aussie recovered some of yesterday's losses and is challenging the weekly PP at 0.9380.
The pair touched the 20-day SMA at 138.84 today, though it still has not managed to consolidate above this level.
Although the 200-day has stayed intact for the past month, constantly defending the positive outlook, the pair is still unable to use it as a springboard and make a foray north, as it did in May.
According to the technical indicators, the downward pressure should soon subside, finally giving USD/JPY freedom to pursue its bullish goals after two consecutive quarters of poor performance.
GBP/USD had a good chance of advancing further north, but the bullish momentum was stopped by 1.7044, the 2009 high, and by a more dovish than expected stance of the BOE.
There are still no consistency among the technical indicators, as they are pointing in different directions on the weekly an monthly time-frames.