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AUD/USD is decreasing back following a slight rise at 0.7842. The pair is contained between hourly support and resistance at 0.7704 (24/12/2017 low) and 0.7879 (21/02/2018 high). Further support and resistance are given at 0.7638 (15/12/2018 low) and 0.7999 (17/01/2018 high). The technical structure suggests continued short-term downward moves.

In the long-term, the upward trend slows down after failing to reach key resistance at 0.8164 (14/05/2015 low). Key support stands at 0.6009 (31/10/2008 low). A break of the key resistance at 0.8164 (14/05/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD tries to recover after enduring a sharp decline at 1.2863, currently trading at the 1.2930 range. Hourly support and resistance are given at 1.2668 (26/02/2018 low) and 1.3015 (05/07/2018 high). The technical structure suggests short-term decrease.

In the longer term, the pair is trading between resistance point at 1.3805 (05/05/2017 high) and support at 1.2128 (18/06/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head lower. The pairs is trading above its 200 DMA

USD/CHF is trading sideways after declining at 0.9339 and currently given at the 0.9385 range. The pair currently trades between hourly support and resistance at 0.9296 (05/02/2018 low) and 0.9520 (24/01/2018 high). The technical structure suggests short-term sideway moves.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support lies at 0.9072 (07/05/2015 low) while resistance at 1.0344 (15/12/2016 high) is distanced. The technical structure favours a long term bullish bias since the unpeg in January 2015

USD/JPY weakens back after reaching 106.46 and currently trading at the 105.75 range. Hourly resistance at 107.27 (25/02/2018 high) is distanced while hourly support at 104.97 (11/10/2016 high) approaches. The bearish pattern started in January 2018 is maintained. Hourly support is given at 106.35 (16/02/2018 high). The short-term technical structure suggests further short-term decrease.

We favor a long-term bearish bias. Support remains at 101.20 (09/11/2016 low). A gradual rise toward the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 101.20 (09/11/2016 low).

GBP/USD is recovering back, approaching hourly resistance at 1.3945 (19/01/2018 high) and heading for the 1.40 range. Hourly support is given 1.3678 (12/01/2018 low). The technical structure suggests short-term increase.

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline but the pair is moving to 2016 highs. Long-term support and resistance are given at 1.1841 (07/10/2017 low) and 1.5018 (24/06/2016 high).

EUR/USD continues its rise, nearing hourly resistance at 1.2434 (26/02/2018 high) and largely recovering from 1.2155 low. Hourly resistance at 1.2112 (12/01/2018 low) is distanced. The technical structure suggests further upward moves.

In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low).

The common European currency has been trading in a large-scale triangle against the British Pound.

Following a breakout from the upper trend-line, this suggests that the bullish sentiment could continue dominating the exchange rate. However, it is important to note that the currency pair is likely to find a resistance at the weekly pivot point at 0.8949.

If the EUR/GBP pair manages to breach the aforementioned resistance level, the rate could be heading for a long-term surge. In addition, technical indicators favour bulls to grow stronger.

The Greenback has started to gain strength against the Swiss Franc after the pair hit the lower boundary of a dominant channel. However, the surge was stopped by the weekly resistance at 0.9472.

Given that the currency pair has breached a resistance cluster set by the weekly and the monthly PPs with the combination of the 55– and 100-hour SMAs near 0.9387, the rate is likely to continue moving north for a test of the upper border of the dominant channel.

As for the nearest future, the USD/CHF pair could continue trading along the junior pattern during the following trading sessions.

The Aussie weakened against the Greenback after the release of January Australian retail sales data. The report caused a 0.10%, or 8 pips, drop in the pair, making it fall to the 0.7772 level and then continue fluctuating in the 0.7785 area.

The Australian Bureau of Statistics revealed that the country's retail sales contribution to the overall consumption faded more than anticipated in the reported month, following a decreased growth rate in the prior month.

The report revealed that retailers of brick-and-mortar stores, even by relentlessly competing with each other's sales prices, are powerless in enticing customers to increase their shopping basket due to the unsignificant wage growth and a considerable amount of debt.

The EUR/USD currency pair was not strongly exposed to the influence of fundamentals on Monday. The Greenback strengthened against the European single currency eight base points, or 0.07%, reaching the 1.2315 level, to continue fluctuating and making the pair go back up and reach new intraday's highs.

The US economy kept expanding in February, data showed on Monday. The ISM revealed that its non-manufacturing PMI stepped lower to 59.5 points in the reported month, compared to 59.9 in January. Growth for the 103rd consecutive month, with 62.8% in February, was reflected by the non-manufacturing business activity index, showing 3% increase from the prior month.