USD/JPY was trading in the 112.85/113.30 area on Tuesday's trading session.
On Tuesday, the Sterling was restrained by a combination of the 55– and 100-hour SMAs that limited its gains until the 1.2950 mark.
After a more thorough analysis, a short term descending channel was discovered on the hourly chart for the EUR/USD currency pair.
Contrary to prognoses, a release of the US ISM Manufacturing PMI did not push the currency rate out from an ascending channel.
The market reaction to a release of the US ISM Manufacturing PMI was not as high as expected and amounted only to 16.5 basis points.
A an announcement of the RBA's interest rate early this morning caused a 51-pip depreciation of the Aussie, which pushed the currency pair out of the channel and threw it though the 200-hour SMA at 0.7616.
In line with expectations, the EUR/JPY made a breakout from an ascending triangle upwards and began Tuesday trading session above the 128.65 mark.
As it was expected, the bullion's price continued to plummet during Monday's trading ssession.
USD/JPY was driven by strong upside momentum that resulted in the rate breaking the down-trend on Monday.
The Pound responded negatively to weak UK Manufacturing PMI mid-Monday, thus pushing the rate through the bottom channel boundary.
On Tuesday morning, the common European currency had retreated below the 1.1350 mark against the US Dollar.
Despite an extensive fall of the Kiwi during the first half of today's trading session, the pair did not manage to reach a combined support level formed by the 200-hour SMA at 0.7286 in conjunction with the bottom trend-line and the weekly S1 at 0.7277.
Beginning of the new month the USD/CAD met in a limbo between the 55-hour SMA from the top and the southern trend-line of a descending channel from the bottom.
The five-hour depreciation of the Aussie against the US Dollar in the early Monday resulted in the breakout from a recently formed descending channel.
The EUR/JPY managed to remain above the 2016 high level at 128.18 despite the breakout from an ascending channel.
On Monday morning, the yellow metal's price fell below the 1,240 mark.
USD/JPY demonstrated slight momentum sideways until mid-Friday when the pair surged up to the 112.60 mark.
GBP/USD was not able to maintain its upside momentum, resulting in a fall down to the 55-hour SMA.
As the 1.1450 mark held its ground against the surge of the Euro against the US Dollar on Friday, the pair traded lower on Monday morning.
Following the second test of the upper channel boundary, the Kiwi edged lower to the 200-hour SMA.
Downside risks have pressured USD/CAD for the last four trading days, resulting in a swift move from the lower boundary of a senior channel.
During the last trading days, AUD/USD was driven by strong upside momentum, resulting in a 121-pip jump.
The European common currency reached its 2017 high at 128.65 mid-Thursday.
Although it was possible that the metal's price will break out of the ascending triangle pattern to the upside, as it should have been in accordance with this pattern's theoretical framework that did not occur.