GBP/USD has recently confirmed the falling resistance line, meaning the current sell-off is in a good position to extend down to 1.6050.
As it turned out last week, the 2013 low was unable to prevent the Euro from further depreciation.
Even though the Kiwi has been the worst-performer among the major currencies for weeks now, this has been especially bad week for NZD/USD bulls.
The USD/CAD currency pair has posted five straight daily gains this week and currently it is trading above the major level at 1.11.
The Australian Dollar is continuing to fall sharply, this week AUD/USD has lost almost 200 pips.
The Europe's currency has lost some of its value against the Japanese Yen this week, and as of today the currency pair is trading around the 20-day SMA and weekly S1 at 138.58/50.
The U.S. Dollar lunged at the weekly R2, but was forced to retreat back to 0.9450 afterwards.
USD/JPY appears undecided in the face of the resistance at 109, falling down to 108.40 and then jumping back to the 2008 Sep high.
Although for a moment it seemed that the Sterling is going to rise above the down-trend at 1.64, in the end the bears pushed GBP/USD away.
The bulls at 1.2750 repelled the first attack yesterday, but EUR/USD is likely to keep going lower.
NZD/USD slumped almost 150 pips today, after sliding just slightly one day earlier.
The U.S. Dollar's bulls are continuing to challenge the 1.11 mark by pushing the USD/CAD currency couple above the level.
The AUD/USD cross has fallen below the December low at 0.8822; however, it still is sitting on the weekly S2 at 0.88 that is also the major level.
EUR/JPY has plummeted below the cluster of support levels (200-day SMA, Jul high, monthly R2) around the 139 level, after yesterday's gains.
USD/CHF finished yesterday's session 50 pips over the tough resistance at 0.94, meaning the pair is now facing the 2013 Sep high.
Despite apparent insignificance of the weekly PP at 108.40, it managed to prevent further depreciation of the U.S. Dollar and initiate a rally.
The bulls keep pushing the Sterling higher, but the recovery from this year's low may not cross the resistance at 1.64 represented by the falling trend-line started in July.
The European currency has finally stepped away from the resistance at 1.29, and now it is getting ready to challenge the 2013 low at 1.2750.
The NZD/USD cross set a new this year's low at 0.8043 yesterday and now it is continuing to fluctuate around these levels, seen early this year and September 2013.
The pair has gained rather significantly since the last report, as the Greenback has breached the major level at 1.11.
The Aussie is starting to show some minor bullishness after it touched the March low and weekly S1 at 0.8891/69.
Yesterday the Europe's shared currency posted a fourth straight daily loss against the Japanese Yen; however, today the pair easily can post the fifth as it is trading slightly above the 200-day SMA and July high at 139.35/30.
USD/CHF is still unable to gather upward momentum and surpass the obstacle at 0.94 that has been keeping the pair in a horizontal 100-pip price interval for the past two weeks.
USD/JPY closed yet another day in red, as the pair is getting farther and farther away from the resistance at 109.