EUR/USD struggling near 1.0650, Dollar firmer
EUR/USD remains entrenched in the negative ground at the end of the week, fading part of its earlier gains and hovering over the mid-1.0600s.Spot keeps the trade in the lower bound of today?s 40-pip range for the time being, as the sentiment towards the greenback seems to have regained some traction following the recent sell off post-Yellen?s testimonies.In fact, market participants seem to have turned the attention back to the buck after the US Dollar Index (DXY) met decent support in the mid-100.00s, closer to the 20-day sma, and in light of rising expectations of a Fed?s rate hike at the March meeting.In addition, headlines from Greece and developments from the upcoming French election appear as potential sources of volatility for the single currency in the next weeks.Earlier in the day, ECB?s Council Member P.Lane said the central bank should remain open to further rate cuts. EUR, however, remained apathetic after the comments. At the moment the pair is losing 0.24% at 1.0648 and a break below 1.0520 (low Feb.15) would target 1.0452 (low Jan.11) en route to 1.0339 (2017 low Jan.3). On the flip side, the next hurdle aligns at 1.0682 (high Feb.13) followed by 1.0699 (20-day sma) and finally 1.0706 (38.2% Fibo of the November-January drop).

GBP/USD bounces off dismal UK retail sales-led slide to sub-1.2400 level
The GBP/USD pair has managed to recovery around 30-35 pips from disappointing UK retail sales data-led slide to sub-1.2400 handle and is currently trading around 1.2425 region. After once again failing to sustain its move above 1.2500 mark, for the second consecutive day, the pair ran through fresh offers on Friday following an unexpected drop in the UK retail sales. In fact, sales volume fell 0.3% in January and for the second month running was much lower-than-consensus estimates, which pointed to a 1.1% growth for January. In addition to this, December figures were revised to show a 2.1% decline as compared to 1.9% contraction reported earlier. Furthermore, core retail sales, which exclude automobile sales and fuel, also fell short of 0.7% growth expected and fell 0.2% in January.Meanwhile, a modest US Dollar recovery also collaborated to some renewed selling pressure around the major. From the US, the release of CB's leading index for January might provide some impetus during NA session.The weekly low stands at 1.2382, with a break below it exposing 1.2345, the 50% retracement of the same rally and this month low. An extension below 1.2330 should confirm further declines towards the 1.2280/90 price zone.The pair has an immediate resistance at 1.2480/90, followed by the 1.2540 region. It would take a break above this last, something quite unlikely, to see the pair reversing the negative tone.

USD/JPY plummets to weekly lows near 112.60 level
The greenback remained on back foot against its Japanese counterpart, with the USD/JPY pair extending Wednesday's rejection move from 115.00 mark and now slipping farther below 113.00 handle. The ongoing downward spiral in the US treasury bond yields, and bearish tone around equity markets, are indicative of the cautious investors' sentiment, which tend to boost the Japanese Yen's safe-haven appeal and is weighing heavily on the major. Moreover, possibilities of some stops getting triggered on a sustained break below 113.00 handle (weakness below 112.85 level) could have also collaborated towards accelerating the downslide during early NA session on Friday, to multi-day lows near 112.60-65 band. In addition to this, the key US Dollar Index has also retreated from daily peaks and has failed to lend any immediate support for the major.In absence of any market moving releases from the US, the pair remains at the mercy of broader market risk-sentiment and price-action surrounding the US treasury bond yields.From a technical point of view, the 1 hour chart shows that the price is back below the 100 and 200 SMAs, whilst the Momentum indicator heads sharply lower below its 100 level, as the RSI indicator consolidates around 28, supporting the ongoing downward move. In the 4 hours chart, the price has also broken below its moving averages, with the 100 SMA now capping the upside around 113.30, while technical indicators head sharply lower near oversold readings. A break below the 112.50 level, where the pair presents its 100 DMA, should fuel the slide towards 111.95, a major Fibonacci support, en route to 111.60, this month low.

AUD/USD bullish tone fades below 0.77
Currently, AUD/USD is trading at 0.7667, down -0.31% or (27)-pips on the day, having posted a daily high at 0.7712 and low at 0.7657.Today's empty US economic docket allowed market participants to adjust positions and remove risk from their portfolios as there were no Tier 1 or 2 news releases to weigh. Furthermore, next week the RBA Meeting's Minutes could intensify the current mild bearish selling pressure the Australian dollar vs. American dollar seems to build below 0.77 handle.On the other hand, dollar bulls paused their bullish impetus as the two most relevant risk events are no longer data-linked, meaning Trump's tweets and comments are back in the spotlight being the 'phenomenal tax' his latest hit. Also, an upside tick in the probability to have the Federal Reserve hiking rates in March moved institutions to believe, once again, in the impossible possible. Currently, Fedwatch from the CME Group clocked lower at 13.3% from a previous day 22.1%; that impossible needs now a miracle. Finally, the IMF shared a more pessimistic economic outlook compare to RBA's Governor Lowe. Hence, there is evidence to expect a disconnected view as Lowe shared, "the days of further monetary easing are behind' and meanwhile, Australia's household debt keeps building up; what matters the most for a nation?AUD/USD losing 0.77 handle in consolidation of recent key data eventsHistorical data available for traders and investors indicates during the last 7-weeks that AUD/USD pair, a commodity-linked currency, had the best trading day at +1.18% (Jan.17) or 89-pips, and the worst at -0.81% (Jan.18) or (61)-pips. As of writing, the US 10yr treasury yields fell from 2.46% to 2.40%, down -1.82% on the day or -0.0445.In terms of technical levels, upside barriers are aligned at 0.7731 (high Feb.16), then at 0.7777 (high Nov.8) and above that at 0.7834 (high April.21). While supports are aligned at 0.7617 (low Feb.14), later at 0.7512 (100-DMA) and below that at 0.7459 (50-DMA). On the other hand, Stochastic Oscillator (5,3,3) seems to shift south and finally head south. Therefore, there is evidence to expect further Aussie losses in the near term.

USD/CAD weekly consolidation below 200-DMA
Currently, USD/CAD is trading at 1.3111, up +0.33% or 45-pips on the day, having posted a daily high at 1.3114 and low at 1.3060.The American dollar vs. Canadian dollar flew under the radar as traders were busy building up short positions somewhere else; example decent trading activity in the GBP/USD pair. The truth of the matter is the evident price consolidation the currency experienced kept any interest away as for 5-consecutive sessions its 200-DMA was saluted but not touched; was at risk but never in real danger.On the data front, not a heavy week for the CAD economic docket as Manufacturing Shipments (MoM) was probably the most valuable news release clocking 2.3%, a positive figure above the consensus at 0.1% and solid previous at 1.5%. Next week's attention should be focused on Retail Sales ex Autos (MoM) 0.1% previous, then Retail Sales (MoM) 0.2% and those are the most accurate indicators to gauge the consumer 'spending habits.'However, veteran technicians and aficionados should turn their eyes to the weekly timeframe as the 50-DMA seems to be ready to break to the downside the 100-DMA (chart not-included). If 'past performance does not indicate future performance' but does serve as an alert or leading indicator, then there is evidence to not rule out further CAD appreciation towards 1.21 or lower. Historical data available for traders and investors indicates during the last 7-weeks that USD/CAD pair, a commodity-linked currency, had the best trading day at +1.71% (Jan.18) or 227-pips, and the worst at -1.02% (Jan.17) or (133)-pips. As of writing, the US 10yr treasury yields fell from 2.46% to 2.39%, down -1.46% on the day or -0.0356. In terms of technical levels, upside barriers are aligned at 1.3220 (50-DMA), then at 1.3275 (100-DMA) which seems to build a 'Walls of Troy' multi-year resistance region since July 2015 and finally above that at 1.3386 (high Jan.20). While supports are aligned at 1.2968 (low Jan.31), later at 1.2818 (low Sept.7) and below that at 1.2650 (low Jun.8).On the other hand, Stochastic Oscillator (5,3,3) seems to alter the route heading north. Therefore, there is evidence to expect further Canadian dollar losses in the near term.The pair requires a close and open above the 200-DMA near 1.3135 to dilute any bearish pressure that could drag it lower back to 1.2965 or lower.

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