USD/CAD is little changed and it continuously trades slightly above the 100-day SMA at 1.1006.
The pair is being pushed higher by the 20-day SMA and at the current moment it is trading just above the weekly PP at 0.9359.
EUR/JPY rose slightly and it is still struggling to break the monthly PP at 141.70.
USD/CHF continues to disregard the bearish technical indicators and it is now about to re-test the downward-sloping trend-line at 0.8857.
Monthly pivot point at 102.72 turned out to be tough and unwilling to let the U.S. Dollar to advance further.
While EUR/USD is already on the move, the Cable still stays inactive.
Despite a plethora of ‘buy' signals provided by the technical indicators on all relevant time-frames, the 55-day SMA failed to remain intact.
It looks like the Kiwi is starting to lose its bullishness, last week the pair fell beneath the 20-day SMA.
The U.S. Dollar is continuing to strengthen against its Canadian counterpart, last week the pair traded around the 100-day SMA.
Last week the pair declined slightly and in the previous three trading days currency pair's trading range has remained basically unchanged.
Last week EUR/JPY appreciated and it broke such levels as the 20-day, 55-day and 100-day SMAs; however, it was stopped by the monthly PP at 141.70.
The resistance at 0.8835/28, consisting of the 20 and 55-day SMAs, cooled the appetite of USD/CHF after it violated the monthly pivot point and now the exchange rate is drifting sideways.
USD/JPY stays bullish, even though it is presently facing a series of tough obstacles.
GBP/USD stays dangerously close to the February high.
Thin liquidity does not allow the currency pairs to gain momentum, and EUR/USD is no exception.
NZD/USD fell beneath the weekly S1 yesterday and now the pair is testing the monthly pivot point.
USD/CAD has just been facing a formidable supply area represented by the 100-day SMA and 2009 highs, but it still seems to be willing to advance further.
Even though most of the near-term technical studies remain positive, AUD/USD is still undergoing a bearish consolidation.
EUR/JPY continues its recovery from the 38.2% Fibonacci retracement of the November-December up-move.
At the beginning USD/CHF was declining because of a tough resistance level represented by the monthly PP.
Although initially the bullish momentum of USD/JPY faltered after an encounter with the down-trend resistance line, the upward direction was preserved.
For now the latest up-move did not result in a breach of an important resistance zone at 1.6844/14.
Yesterday's attempt of EUR/USD to decouple from the monthly PP at 1.3815 failed, as the currency pair did not manage to reach the down-trend resistance line at 1.39.
In the last three trading days the pair has been supported by the major level and weekly S1 at 0.8600/0.8593; moreover, after some appreciation yesterday it has returned at this level again.