Wednesday sharp decline pushed the Australian dollar to the lowest level since the beginning of November against the greenback. Earlier today, currency bulls lost another ally. Where can the bears go in the coming days?

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From the beginning of the week the situation of currency bulls was not very favorable. Their lack of strength to continue the last week's march to the north in combination with the breakdown below an important support line awakened the imagination of the sellers and pushed the currency pair to a fresh December low earlier today. Are there any supports on the horizon that can save the buyers from further declines?

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An invalidation of the breakdown under the triangle motivated currency bulls to fight in recent days. Their determination pushed EUR/USD back to the upper border of the above-mentioned formation. Will history repeat itself once again?

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The beginning of the week turned out to be not good to the buyers. Despite the successes of last week, they failed to break above the major resistance line, which triggered a quite sharp decline during yesterday's session. Will we see USD/JPY below THIS important support in the very near future?

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The highlight of Friday’s session was successful breakdown not only below the consolidation, but also under the lower border of the triangle. On top of that, the exchange rate closed the day under these supports, suggesting further declines. How did currency bulls react to these events and what are the implications?

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