Earlier today, the Reserve Bank of Australia held rates at a record low 2%, which in combination with the minutes of its last meeting pushed the Australian dollar higher against its U.S. counterpart. Thanks to these circumstances, AUD/USD came back above the previously-broken support/resistance line, invalidating earlier breakdown. Is it enough to trigger further rally?

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On Friday, the U.S. dollar moved higher against the Swiss franc, which resulted in an invalidation of the breakdown under the lower border of the trend channel. Is this improvement reliable?

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Although EUR/USD moved higher yesterday, the pair reversed and declined, invalidating earlier breakout above resistance levels. Will this negative signal encourage currency bears to act in the coming days?

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The USD Index closed below its Tuesday’s low (in terms of daily closing prices) - is this breakout really significant and does it have major impact on all currency pairs?

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Earlier today, the Westpac Consumer Sentiment in Australia increased by 4.2%, beating expectations of a 1.0% fall. Additionally, another report showed that HIA New Home Sales for December jumped 6.0% month-on-month. Thanks to these bullish numbers AUD/USD extended gains and increased above the previously-broken lower border of the trend channel. What impact did this event could have on future moves?

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