The yellow metal has started this trading session with slight losses against the US Dollar.
EUR/USD was trading in a small range below the weekly R1 at 1.12480 since mid-Wednesday.
The USD/JPY pair's behavior fell in line with expectations yesterday, as the exchange rate remained relatively unchanged and no level of significance was pierced.
For the third consecutive day yesterday the British currency was able to avoid losses and outperform the US Dollar, continuously retesting the wedge's support line.
The New Zealand Dollar has broken past the 0.71 mark against the US Dollar.
At 12:30 GMT the Canadian GDP data was released, and the data sets were better than expected, which caused a decline of the USD/CAD currency exchange rate.
AUD/USD points to stronger downside risks in this trading session.
Tuesday's strong downside momentum lost its strength in the evening, closing at the psychologically-significant 124.00 level.
Seems like the yellow metal is set to lose more value than it was previously though.
As was anticipated, the resistance area circa 111.40 caused the US Dollar to weaken against the Japanese Yen on Tuesday, with the weekly S1 at 110.76 limiting the losses.
The Cable managed to recover from its intraday low yesterday, but failed to breach the immediate resistance, which resulted in trade remaining relatively flat.
After a large increase in the volatility of the EUR/USD currency pair during the second half of Tuesday's trading session the currency exchange rate remained below the 1.12 mark on Wednesday morning.
During the first half of Tuesday's trading session the New Zealand Dollar fluctuated around the 100-day SMA against the US Dollar.
The surge, which was expected to occur during Monday's trading session, has occurred in the first half of Tuesday's trading.
Not being able to overcome the 20-day SMA at 0.7427 for the third consecutive day, the Aussie started the morning session with slight appreciation against the US dollar.
The European common currency opened this trading session slightly below the 20-day SMA at 124.28.
On Tuesday morning the yellow metal remained near previous sessions levels. Although it was expected that the commodity price will decline as low as the weekly PP at the 1,261.80 level, the bullion has continued to pound the resistance of the monthly PP at 1,269.77 for more than the last 24 hours.
The USD/JPY currency pair opened the week with flat trade, but with the bearish momentum slightly prevailing.
The GBP/USD pair behaved in accordance with expectations yesterday, having recovered only half way towards the weekly pivot point.
As it was expected the common European currency retreated down to the weekly S1 at the 1.1141 level against the US Dollar.
By the middle of Monday's trading session the New Zealand Dollar had regained the initial losses of the morning hours of the day against the US Dollar, and a surge had begun.
After failing to break the resistance put up by the 55-day SMA at the 1.3482 level on Friday, the US Dollar has retreated against the Canadian Dollar.
The Aussie continues to depreciate against the US Dollar for the third consecutive day.
The Euro's plunge on Friday was halted by the 20-day SMA around 124.10.