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AUD/USD has weakened over the past weeks. Hourly resistance is given at 0.7883 (27/05/2017 high). The pair is approaching support at 0.7786 (18/07/2017 low). Expected to show continued consolidation.

In the long-term, the trend is turning positive. Key supports 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 continues to move higher despite ongoing consolidation. Strong support is located at a distance 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance given at 1.2390 (20/09/2017 high) has been broken. Expected to show continued shortterm bullish pressures.

In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low). Strong resistance is given at 1.4690 (22/01/2016 high). The pair is likely to head further lower.

USD/CHF is trading mixed at the moment. Yet, demand is slightly increasing since September. Closest resistance is given at 0.9808 (30/05/2017 high). There are nonetheless decent downside risks. Strong support is given at 0.9421 (03/05/2017). Expected to show renewed bearish pressures.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015.

USD/JPY is still lying into a bullish momentum despite ongoing consolidation. Strong support is located at 111.12 (20/09/2017 low). The pair has exited uptrend channel. Yet, downside risks are rising as markets may soon take some shortterm profit.

We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low). A gradual rise towards the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

GBP/USD is pushing lower after topping at 1.3657 (20/09/2017 high). Hourly support is given at 1.3350 (intraday low). Expected to show continued bearish pressures within downtrend channel.

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline. Long-term support can be found at 1.1841 (07/10/2017 low). Long-term resistance given around 1.35 is at stake and indicates a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

EUR/USD is going lower within downtrend channel. Hourly resistance can be found at 1.2092 (08/09/2017 high) while hourly support lies at 1.1823 (31/08/2017 low) has been broken. Stronger support is given at a distance at 1.1662 (17/08/2017 low). Expected to show continued short-term bearish pressures.

In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low).

As it was expected, the 61.8% Fibonacci retracement level at 1,278.96 appeared to be too strong barrier to be crossed from the first attempt. Accordingly, the pair made a rebound but recovery of the gold was hindered by the slipping 55-hour SMA, which pushed it back to weekly S1 at 1,283.66. At the moment, the southern side remains too strongly protected by the above indicators to be successfully bypassed. The only chance to rapidly slip to the bottom is to gain an impulse from some significant fundamental event. However, there are no such types of events in economic calendar scheduled for today. In contrast, an uneasy geopolitical situation in the Pacific region is expected to continue to motivate investors to transfer their funds in less risky assets, such as gold.

At the present moment, the currency exchange rate is fluctuating in three different channels. After making a rebound from upper edge of two of them, which matched with Governor Kuroda speech, it tried to slip to the bottom. But this attempt was expectedly neutralized by the rising 100-hour SMA. In addition to that, this indicator also helped to keep the rate within the dominant ascending channel. Accordingly, today the pair is expected to gradually move to the top, trying to reach an intersection of the above ascending channel and junior descending channel somewhere near the 112.90 and 113.10 marks. In support of this scenario speaks the fact that the only barrier that the pair is facing on its way is the weekly R1 at 112.81.

In accordance with trade patterns theory, the currency pair made breakout from a falling wedge to the top. The breaking point matched with two speeches delivered by Governor Carney and Theresa May at the at the Bank of England's conference. Unfortunately, the upside momentum was not particularly strong, as subsequently the exchange rate failed to bypass even the 100-hour SMA near 1.3451. This fact call into question the ability of bulls to support the further surge and push the pair through a combined support set up by the 200-hour SMA together with the monthly R2 at 1.3485. In addition to that, later this day Governor Carney will deliver another speech, which might lead to bearish sentiment once again. After all, the southern side currently is remaining a barrier-free area.

After breaking through a combined resistance set up by the weekly S2 at 1.1774 and the slipping 55-hour SMA, the currency pair lost an upside momentum provided the 100% Fibonacci retracement level at 1.1715 and started to move horizontally. The reason behind inability to climb further to the top was another technical barrier represented by the 100-hour SMA near 1.8000. As a result, today the pair remains tightly squeezed between the above indicators. Throughout the day the bears might drag the pair slightly to the bottom. But, generally, the Euro is expected to continue to appreciate against the Dollar, step-by-step crossing different resistance levels at 1.1810, 1.1861, 1.1881 and 1.1933.