AUD/USD did not behave as expected—the pair closed above the upper trend-line that forms the channel.
EUR/JPY did not post a third red day in a row but bounced off of the weekly pivot point at 135.60.
The precious metal decided to act decisively one day before the Federal Reserve makes a decision on interest rates.
Unlike in the pair with the British Pound the Dollar appreciated versus the Yen yesterday.
Despite the bearish signals the Cable jumped more than 170 pips yesterday on poor US and strong UK data.
Bears were dominating the development of the EUR/USD currency pair for the most part of Wednesday.
The NZ Dollar is about to post a third day of gains in a row.
USD/CAD refuses to leave the vicinity of the recently formed up-trend, which adds to the pressure on 1.3245/36 and thus increases the probability of a bearish break-out.
So far today AUD/USD has been bullish—the currency pair has already negated yesterday's losses.
Although at some point EUR/JPY fetched some 60 pips below the weekly PP yesterday, the immediate support at 135.60 was left intact.
Neutral expectations for gold are currently being confirmed by the real price development.
We will hold a bearish view with respect to USD/JPY as long as the monthly pivot point and 200-day SMA that stand next to 121 remain intact.
There is a high chance we are going to see a bullish correction in the nearest future after yesterday's drop.
EUR/USD was sent downwards after somewhat positive US statistics, and the pair has finally managed to confirm the 1.13 mark.
A rally of the last three days is highly unlikely to extend much higher.
For the time being USD/CAD does not seem to be in a hurry to follow our bullish forecast—the currency pair is trading flat.
The Australian Dollar did not waste time yesterday and came close to touching the upper trend-line of the multi-month bearish channel.
EUR/JPY has already passed through the 55 and 100-day SMAs, leaving the 200-day SMA at 134.35 exposed.
Gold fluctuated within the mean range of the several preceding days on Monday as it picked up to reach the weekly pivot point at 1,110.
USD/JPY failed to extend the latest rally from 118.50, and is therefore expected to come back to this month's low.
The latest rally of GBP/USD ended just before the Sterling hit the 50% Fibonacci retracement of the Aug 25-Sep 4 decline.
Bears attempted to commence a sell-off of the Euro against the Dollar on Monday, by pushing the cross below 1.13.
There are plenty of reasons to be bullish USD/CAD right now.
NZD/USD hesitates to move far below 0.63, but eventually the bears are expected to overpower bulls and push the price lower.