Despite apparent insignificance of the weekly PP at 108.40, it managed to prevent further depreciation of the U.S. Dollar and initiate a rally.
The bulls keep pushing the Sterling higher, but the recovery from this year's low may not cross the resistance at 1.64 represented by the falling trend-line started in July.
The European currency has finally stepped away from the resistance at 1.29, and now it is getting ready to challenge the 2013 low at 1.2750.
The NZD/USD cross set a new this year's low at 0.8043 yesterday and now it is continuing to fluctuate around these levels, seen early this year and September 2013.
The pair has gained rather significantly since the last report, as the Greenback has breached the major level at 1.11.
The Aussie is starting to show some minor bullishness after it touched the March low and weekly S1 at 0.8891/69.
Yesterday the Europe's shared currency posted a fourth straight daily loss against the Japanese Yen; however, today the pair easily can post the fifth as it is trading slightly above the 200-day SMA and July high at 139.35/30.
USD/CHF is still unable to gather upward momentum and surpass the obstacle at 0.94 that has been keeping the pair in a horizontal 100-pip price interval for the past two weeks.
USD/JPY closed yet another day in red, as the pair is getting farther and farther away from the resistance at 109.
The Cable continues to put considerable pressure on the falling trend-line that has been enforcing bearish outlook since July.
EUR/USD keeps moving sideways below an important supply area around 1.29 created by the three-month down-trend and monthly S2 level.
The New Zealand's Kiwi continues to fall lower and lower relative to the buck, as the pair has dropped below the major level at 0.81 and it is trading around the weekly S1 at 0.8073 that is located just 10 pips from this year's low.
After a sharp advance yesterday USD/CAD is trading more or less steadily above the psychological level at 1.10.
The Australian currency has been on a down-trend against the Greenback since the second week of the month, while as of today the pair is trading around the weekly S1 at 0.8869.
The EUR/JPY cross is hovering around the 140 level after it has rebounded from the 200-day SMA and July high around 139.30 today.
The U.S. Dollar continues to consolidate beneath 0.94, being unable to climb over the monthly R3 and 2013 Sep high.
USD/JPY is getting further and further away from 109, but nonetheless retains bullish long-run outlook.
GBP/USD launched yet another attack on the down-trend at 1.64, which has been intact since the beginning of July.
The situation has not developed much since the previous report, and EUR/USD is still considered bearish.
The New Zealand Dollar continues to trade above the 0.81 level, after it breached the weekly PP at 0.8152 earlier today.
The USD/CAD currency pair has started the week by climbing higher, today the pair breached the daily PP and monthly R1 at 1.0979/80, after losing more than 100 pips last week.
The Australian Dollar extended its decline today as it dropped below the 0.89 level; moreover, the pair has fallen below this level for the first time since March.
EUR/JPY is trading around the major level at 140, after posting gains last week, when the pair touched the 141 level.
On Friday USD/CHF recovered most of the ground it gave up a day before.