The greenback successfully breached the weekly R2 at 1.0915 and most likely the next challenge will be the 55-day SMA and weekly R3 at 1.0938/44.
The Australian Dollar prolonged its advance that started yesterday. Even though the pair failed to consolidate above the weekly PP at 0.9279 we expect it to touch the monthly PP and 55-day SMA at 0.9306/07.
The Euro is still on a uptrend; however, today the pair has appreciated slightly and currently is trading around the monthly PP and 200-day SMA at 139.69/71.
Seems that USD/CHF is taking a short break after a protracted period of consecutive gains.
USD/JPY is explicitly bullish and is likely to stay that way at least until it reaches April's high and monthly R2 near 104.
Perhaps not at the initially estimated speed, but GBP/USD is nevertheless moving south.
Although the bias is negative towards the currency pair, for now the support at 1.3587 refuses to give in.
After falling yesterday the Kiwi managed to reverse some of the losses as the weekly S1 at 0.8434 stopped its decline and pushed the New Zealand currency higher.
It seems the greenback has regained its bullishness as the pair has appreciated for a third straight trading day. The next target is the weekly R2 at 1.0915, which should not be too much trouble for greenback.
After yesterday's more than 50 pips decline the Aussie has regained some of its lost value. Today it approached the weekly PP at 0.9279; however, it did not managed to trade there for long as it dropped back to trade around 0.9260.
The Euro extended its advance and at the moment it is challenging the weekly R1 and monthly PP at 139.49/69.
USD/CHF has already erased the losses made last week and it seems ready to advance even further from here.
The U.S. Dollar has finally broken through the ceiling implied by a number of studies, including the most relevant moving averages and the five-month down-trend.
Although the price has already risen back to the recently breached up-trend, which is supposed to be a bearish sign, the currency hesitates to decline.
EUR/USD continues to grind lower, as it proved to be unable to cross the weekly PP at 1.3627 yesterday.
Today the Kiwi extended its decline and at the moment the pair is trading near the recent low (last week's at 0.8452). The New Zealand currency is on a down trend since the beginning of May.
Right at the beginning of the week the pair received a bullish impetus and driven by it the greenback breached the weekly R1 and monthly PP at 1.1080/88.
For Aussie's bears the week has started rather bad as it dropped below the weekly PP at 0.9279 and is trading beneath the semi-major level at 0.9250.
The pair has started the week higher than it closed last week and at the moment it is challenging the major level and 20-day SMA at 139.00/13.
For now USD/CHF is being underpinned by the support at 0.8943/28, mainly created by the 200-day SMA.
USD/JPY is about to break out of the descending triangle it has been forming the past five months.
The currency pair retains a chance to rise in the near term, but a rally beyond 1.3691 presently appears to be highly unlikely
GBP/USD did not manage to continue its Friday's surge, thereby confirming formidability of a new resistance area at 1.6813/76.
This week the pair has slightly declined; although, all in all the pair's value has not changed much. The sentiment towards the pair is also mixed; therefore, we could continuously see a sideway movement.