Contrary to expectations, the Aussie managed to push through a significant resistance cluster formed by the weekly and monthly R1s and the 61.8% Fibonacci retracement up to the 0.8080 mark.
EUR/JPY remained relatively stable on Wednesday, fluctuating near the 55-hour SMA since mid-session.
As it was expected, most of the previous trading day the pair spent in a surge, trying to reach and break through a barrier set by the 100-hour SMA and the upper edge of a descending channel.
As with other major currencies, the Fed's decision to reduce the bonds it owns and keep the interest rate unchanged led to sharp appreciation of the Greenback against the Yen.
In accordance with expectations, a release of much better than expected data on the UK Retail Sales led to a premature breakout from a symmetrical triangle.
A decision of the Fed to start reducing the size of its $4.5 trillion asset portfolio caused a very high volatility in the markets, which resulted in 123 points appreciation of the Dollar against the Euro just in one hour.
As expected, NZD/USD was trading sideways until early Wednesday.
The US Dollar was trading sideways against its Canadian counterpart since late Monday.
The Aussie has appreciated significantly against the US Dollar since Monday when the rate bounced off the weekly S1.
The common European currency has maintained a relatively stable position against the US Dollar during the last 24 hours, lingering slightly below the two-year high at 134.03.
Contrary to expectations, the pair did not try to test a strong support level near the 1,300.00 mark.
Even though in the early Tuesday morning the pair moved quite confidently towards the weekly R1, which is located at the 112.07 level, in second half of the day it made a rebound and did not go above the 111.90 mark anymore.
Unfortunately for the Pound, previous trading session signified the end of an upside momentum that guided movement of the pair over the last four days.
In line with expectations, a pressure from the 55- and 200-hour SMAs, better than expected German release as well as general informational background helped to pair to make a breakout from an ascending triangle pattern yesterday.
As expected, a cluster formed by the 55-, 100– and 200-hour SMAs succeeded at supporting the pair, thus ending the prolonged intraday plunge near the 0.7260 mark.
USD/CAD was supported by the combined cluster of the 55-, 100– and 200-hour SMAs early on Monday.
After crossing the 200-, 100– and 55-hour SMAs on Monday, it was no surprise when the Aussie breached the lower boundary of the ascending channel.
Despite being driven by a solid upside momentum for the last two trading days, the Euro managed to push past the two-year high at 133.30 towards the 134.00 area.
In line with expectations, the yellow metal continued to lose value against the buck yesterday, in the process crossing the weekly S1 at 1,310.77.
The pressure from the 20- and 55-hour SMAs as well as formation of a minor ascending triangle expectedly led to further appreciation of the Greenback against the Yen.
As it was expected, a steady horizontal movement represented an anticipation of the speech that was delivered by Governor Carney yesterday.
As it was forecasted, the currency exchange rate failed to make any substantial moves yesterday.
Driven by solid upside risks since September 14, the New Zealand managed to breach a minor descending channel and even test the 50.0% Fibo and the weekly R1 near the 0.7345 mark.
After testing the bottom boundary of the ascending channel, USD/CAD accelerated for a couple of hours until the 23.6% Fibo was reached.