Almost all AUD/USD pair's efforts to recover were in vain, as the Aussie slumped nearly 100 pips against the US counterpart yesterday, amid strong US fundamentals.
The EUR/JPY currency pair overperformed on Wednesday, having closed significantly higher than first anticipated.
Amid strong US fundamental figures on Wednesday, the American Dollar gained more than 200 pips against the Japanese Yen, thus, climbed over the 23.60% Fibo level, which caused the pair to exit its ascending channel pattern.
Yesterday the British currency one again successfully outperformed the US Dollar, having received a sufficient boost from a retest of the wedge's support line.
The common European currency surged on Thursday morning against the US Dollar, as the pair began the rate just at the weekly pivot point at 1.0589.
The fall of the yellow metal, which began on Wednesday, stopped on Thursday morning, as the bullion reached a ten month low level by touching the weekly S1 at 1,162.76.
The New Zealand faced a strong resistance cluster against the US Dollar by mid-day on Wednesday, as the currency exchange rate attempted and failed to break through.
The US Dollar depreciated against the Canadian Dollar by mid-Wednesday, as the information from the OPEC meeting indicated at an upcoming oil output cut.
Even though the AUD/USD currency pair experienced strong downside volatility yesterday, it still closed with the exchange rate remaining at the same level it opened at.
Although the European single currency appreciated against the Yen on Tuesday, gains were insufficient to fully negate Monday's losses, with the pair adding 85 pips.
NZD/JPY behaved according to technical signals and exited the three-year falling wedge to the upside, suggesting an end to the downtrend. The pair has now set a floor at 71.84, the four-year low. The latest bear trend resulted in a 26% depreciated New Zealand Dollar and has proved that it will not be ready for levels above 93.76 for quite
On Wednesday morning the yellow metal traded below the weekly pivot point, which is located at 1,191.86.
Although the US Dollar appreciated against the Yen on Tuesday, the pair surprisingly closed below the immediate resistance, namely the weekly pivot point.
Even a strong US GDP reading was insufficient for the Buck to post gains against the British Pound yesterday, while the wedge's trend-line successfully caused the Cable to rebound.
On early Wednesday morning the common European currency retreated after encountering resistance against the US Dollar.
The Kiwi surged against the Greenback by mid-day on Tuesday, as the currency exchange rate once more attempted to pass the 0.71 mark.
Once again the Aussie managed to outperform its US counterpart yesterday, adding additional 36 pips.
The US Dollar surged in the first half of Tuesday's trading session. However, at first glance it was not clear, where the rate found support.
Even though the Euro began the week with a decline, the 200-day SMA is providing strong support and is expected to trigger a rebound today.
NZD/USD attacked 0.8789 twice in the last six years and lost, arguably forming a double top at the aforementioned level. The latest tap at the area made the pair break a channel up pattern and led to a dive to enter a wide range motion. A descending channel emerged in 2013, and the pair has just tested its upper boundary,
The yellow metal remained flat at the weekly PP, which is located at 1,191.86, on Tuesday morning.
The US Dollar took a breath on Monday, allowing the Japanese Yen to trim some losses.
In spite of bullish signs the Cable started off with a rather sharp decline of 63 pips, having also put the two-month up-trend to the test yesterday.
On Tuesday morning the common European currency fluctuated around the 1.06 level against the US Dollar.