USD/CHF stays capped by the weekly R1, but, provided that the support at 0.93 is not suddenly violated, the bulls should gain the upper hand in this local battle.
USD/JPY is approaching the supply area formed by the weekly and monthly R3 levels, which can throw the price back to 106.
With yesterday's spike extending to 1.6276, GBP/USD has finally closed the gap, meaning there are no more reasons for the Pound to advance.
Since Monday the trading range has been narrowing, and EUR/USD seems to have formed a symmetrical triangle as a result.
NZD/USD has prolonged its decline to four straight days, as the pair approached the monthly S2 at 0.8176 today.
Today the U.S. currency has reversed yesterday's losses and it is challenging the 1.10 level once again.
The USD/CAD currency pair is still on a strong down-trend, as of today it is moving even closer to the 0.91 level, which has not been approached since this year's March.
EUR/JPY cross continues to climb higher, the pair has fully recovered from the last week's drop, when the pair lost around 250 pips in two trading sessions, and now it is trading above the 138 mark.
Freedom of USD/CHF has been restricted by the weekly R1 from above and monthly R2 from below this week.
The U.S. Dollar has just cleared yet another supply area and appears ready to continue the advancement, being well-supported by the two-month accelerated up-trend (currently at 105.50).
GBP/USD is currently trying to accomplish what it was not able to do earlier this week—fill a massive hole that appeared after the weekend.
EUR/USD stayed close to 1.29, missing the opportunity to make a correction up to 1.30, where it would have met the monthly S1 and weekly PP.
Today NZD/USD touched the down-trend support line around 0.8209, thus the pair is clearly targeting the major level at 0.82.
After reaching the major level at 1.10 the pair seems to be stabilising its positions around this level.
The Australian Dollar just cannot recover, as the currency continues to fall against the U.S. counterpart. The pair touched even the monthly S3 today; however, it reversed some of the losses.
EUR/JPY continues its advance as the pair approached the weekly and monthly R1 at 137.74/97 today. These resistance levels together with the psychological level at 138 will be a serious challenge.
While earlier this week it seemed that the weekly R1 did not pose a threat to the rally from 0.93, in the end the bears at 0.9370 forced the currency pair to retreat back to the monthly R2.
Just as in many its other crosses, the U.S. Dollar took a break from appreciating here as well.
The Sterling stopped declining at 1.61, a demand zone mainly implied by the monthly S3.
After a quick dip beneath 1.29, EUR/USD once again returned above the monthly S2.
The Kiwi continues to slide lower, as of today it has approached the weekly and monthly S1 at 0.8265/60 and it seems that it has to forget about reaching the 0.93 level in the near term.
Today is bringing new challenges for the U.S. Dollar with the major level at 1.10 ahead, after the yesterday's jump, when the pair approached the monthly R1 at 1.0980.
The Australian Dollar has plummeted below the August low at 0.9239; however, it still trades above the 200-day SMA at 0.9227, after yesterday's retreat below the 0.93 level.
The Europe's common currency is challenging the weekly and monthly PPs at 136.78/85.