Frankly, the pair did not make any major move through the week, while the biggest decline was on Tuesday when the pair dropped below the weekly S1 at 0.7805.
The long awaited bullish impetus has been received and that pushed the pair towards the 1.14 mark through yesterday and today.
The pair continues to trade in bearish manner, the Aussie has lost more than 150 pips of its value against its US counterpart.
The Europe's shared currency has found some bullish impetus and now it is moving towards the 148 level and most likely a weekly gain, after trading flat for three straight days.
USD/CHF bounced from the major level at 0.96 and inched higher on Thursday, but it is still capped by a resistance at 0.9645, represented by weekly pivot point.
After a short-term recovery of the Japanese yen, this currency fell again, as the USD/JPY currency pair returned back to hover above the 2007 Oct high around 118.
It seems that a resistance area, represented by monthly S1 and weekly R2 around 1.5810 was strong enough to push the Cable to the south on Thursday.
The EUR/USD went down to the levels seen on Tuesday of this week, as the weekly R1 at 1.2532 was able to push the shared currency to the downside.
Similarly to other currency pair's NZD/USD has not fluctuated much today, mainly due to the tranquil volatility, which reached the lowest level in a month.
It seems that the pair is still preparing the ground for the breakthrough and it still is trading around the lower boundary of the pattern that formed on July.
After yesterday's dip to the lowest level (0.8481) this year this far, AUD/USD rebounded mildly and now is attacking the weekly S1 at 0.8562.
The weekly PP at 146.65 has proved to be stronger then initially anticipated as the pair has been supported by the level for third consecutive day.
After a decline below the weekly pivot point at 0.9645, the USD/CHF pair made an attempt to return back above this resistance level.
It seems that the USD/JPY currency pair decided to start moving away from the 118 major level, around which it hovered for past five days.
Similar to the EUR/USD cross, the Cable reflected the yesterday's weakness of the US dollar and moved to the north.
On Wednesday, the EUR/USD currency pair gained value for a third day in a row, as the single currency reached the weekly R1 at 1.2532.
Apparently, the 0.78 level was too hard to beat for the pair's bears for now; however, it still remains their target and beating it would not be too unrealistic.
The USD/CAD cross is fluctuating around the monthly PP at 1.1242 for the fourth straight day, as the pair has not found the necessary bullishness to climb higher.
AUD/USD continue to set new lows this year, as of today the pair even dived beneath the major level at 0.85 for a moment.
The 18-nation currency has not changed much against the Japanese Yen in the last two trading days.
The 2014 high at 0.9714 has eventually made the USD/CHF currency pair to lose value.
For the fifth consecutive day the USD/JPY cross has been hovering around 118, which is holding the pair from going in any direction.
It seems that for the time being a resistance at 1.5724, represented by the weekly R1 is too strong for GBP/USD's bulls to cross it.
The EUR/USD's short-term upward trend, which started two days ago, continued on Tuesday, as the shared currency gained more value and crossed the weekly pivot point at 1.2444.