The U.S. Dollar has prolonged its last week's retreat against the Canadian peer, today it slid beneath the major level at 1.08 and also below the monthly S1 at 1.0772.
This week AUD/USD has changed just slightly in its value. Although, on Tuesday the Aussie touched the weekly S1 at 0.9334, on Wednesday the losses were reversed.
The pair reversed some of last week's losses and managed to breach the weekly PP at 138.62. Still, even though the Euro gained bullish momentum it does not seem too convincing.
A recent test of 0.90 negatively affected USD/CHF, as the currency couple is now close to breaking one of the most important supports, namely the 200-day SMA at 0.8943/40.
USD/JPY's bullish outlook hangs by a thread, considering the pair remains unable to decouple from the major rising support line.
After several unsuccessful attempts GBP/USD has finally managed to close above 1.70, which was considered to be an unlikely event.
Broad weakness of the U.S. Dollar allows the single European currency to continue gaining more and more ground.
The pair closed above the major level and monthly R1 at 0.8700/04 yesterday. The Kiwi looks strong at the moment; however, this year we have seen that in most of the cases Kiwi's advances are followed by rather sharp drops.
The pair has slipped even lower, the greenback dipped below the weekly S1 at 1.0821. Nonetheless, it managed to reverse some of losses.
The Aussie is fighting the monthly R1 at the moment, after yesterday when the pair received a bullish impetus from the weekly S1 at 0.9338.
The Euro breached the weekly PP at 138.62 today and it continues to outperform the Yen. The next target for the shared currency could be the 20-day SMA at 138.84.
Just as in many other currency pairs, the U.S. Dollar is weakening here as well.
The currency pair failed to topple a combination of the 100 and 200-day SMAs yesterday and returned back to the up-trend at 101.86.
Although at first the Cable appeared to be intimidated by the resistance at 1.70, it continues to trade right next to the 2009 highs, meaning the pair is unwilling to retreat.
Instead of extending the dip down to 1.3513/1.3475, EUR/USD closed above the resistance formed by the weekly PP and 20-day SMA.
Despite the substantial momentum demonstrated last week, the pair did not manage to pierce the 87 cent mark.
Pair continues to be somewhat range bound around 200-day SMA—between 20-day SMA and 1.0830.
After failure at the weekly PP the pair has plummeted by more than 50 pips, but at the moment is hovering slightly above the 20-day SMA.
Euro continues to gain against the yen and at the moment is eroding weekly PP.
The currency pair found support in the face of the weekly pivot point and 20-day SMA at 0.8977/72, meaning USD/CHF could soon approach the monthly R1 once again.
USD/JPY is once again trying to restart a rally that has been failing to emerge for the past two quarters.
GBP/USD did refresh the 2009 highs yesterday, but its prospects are dim, since the pair appears to be indecisive in the presence of 1.70.
The Euro started this weak fairly energetic, but the weekly PP coupled with the 20-day SMA turned out to be enough to prevent the pair from realising its ambitions.
The New Zealand Dollar is starting to slide, after its last week's significant advance.