AUD/USD opened the week at 0.7390 and quickly climbed to a high of 0.7420 early in the week. The pair reversed from support held at 0.7311. New support formed at 0.7370 level. Above this support level, this pair remains bullish momentum.

Some technical point

0.7834 was the high point in April 2016.

0.7739 was a cap in February.

0.7611 is next.

0.7509 has held in resistance since early May.

0.7431 is a weak resistance line.

0.7308 is an immediate support line.

0.7219 is the next support line.

0.7103 has held since .........

USD/CAD opened the week at 1.3698 and quickly dropped to a low of 1.3627, testing support at 1.3630. This pair is trying to break ranging zone between 1.3630-1.3750. Successful breakout of this zone can bring this pair towards 1.3540 level. 

Technical lines, from top to bottom

We begin with resistance at 1.4020. This line has held since February 2016.

The round number of 1.3900 is next.

1.3760 is an immediate resistance line.

1.3650 is an immediate support line.

1.3548 is next.

1.3456 was a high point in .........

GBP/USD opened at 1.2881. The pair climbed to a high of 1.2935, as resistance held firm at 1.3020. GBP/USD was unable to break resistance and fell last week. From the beginning of this week, this pair is gaining bullish momentum and going toward resistance zone again. In the technical point of view, 1.3000 physiological level will be critical for this pair for further upward movement. 

Technical lines from top to bottom

1.3340 has held in resistance since September 2016.

1.3240 is next.

1.3112 marked a .........

Usdjpy keeps its bullish momentum and follows a bullish channel. Having filled the post-Macron weekly bullish gap, the USD/JPY pair has managed to bounce off lows but remained capped below the 113.00 handle.

After an immediate reaction to the market-friendly outcome from the French Presidential election, the pair lacked any follow through buying interest and retreated back to 112.60 level. Markets had already price in pro-EU centrist Emmanuel Macron’s victory and hence, the initial gap was sold into.

The US Dollar, however, remained supported by growing .........

Gbpusd has formed rising wedge pattern on h4 time frame. It is losing its bullish power near to 1.2950 level. If it can't break the resistance of 1.3000 level then it can start downward mode. The bulls are seen trying hard to defend 1.2950 levels over the last hours, as the GBP/USD pair consolidates the retreat from fresh seven-month tops reached at 1.2990 earlier on the day.

The spot stalled its last week rally in the Asian opening trades and corrected lower, as .........