The Greenback failed to preserve its gains against the Japanese currency on Wednesday, ultimately closing with a several-pip decline.
The title explains it almost fully, as the yellow metal remained near 1,225 levels on Thursday morning.
The New Zealand Dollar marked its fifth consecutive trading session of losses against the US Dollar, as the currency exchange rate fluctuated near the 0.71 mark on mid-Tuesday.
The US Dollar retreated by mid-day on Tuesday from resistance it faced against the Canadian Dollar.
The Australian Dollar managed to remain relatively unchanged against the US Dollar on Tuesday, even posting a small intraday gain.
There were no surprises in the EUR/JPY pair's performance on Tuesday, being that the cross inched higher that day.
Various technical aspects show an extension to the current weakness for GBP/AUD on the weekly chart. Firstly, movements have been restricted by the southern channel of the Andrew's Pitchfork since after the Brexit vote. Additionally, a prominent red Ichimoku cloud produced for future movements, has caused Kijun-sen overstep Tenkan-sen to the upside, suggesting that a correction phase could set resistance
The yellow metal moved slightly to the upside on Wednesday morning, however, its gains could more be described as remaining flat.
The USD/JPY currency pair continued to appreciate on Tuesday, successfully piercing the weekly R1 at 108.70, also reaching the ascending channel's upper border.
The common European currency slightly surged on Wednesday morning against the US Dollar, as the currency exchange rate was in a rebound against the January low level of 1.0709.
The breakout from the rising wedge pattern occurred earlier than anticipated, being that the Cable edged lower on Tuesday.
The New Zealand Dollar marked its fifth consecutive trading session of losses against the US Dollar, as the currency exchange rate fluctuated near the 0.71 mark on mid-Tuesday.
The US Dollar retreated by mid-day on Tuesday from resistance it faced against the Canadian Dollar.
Even though the Australian Dollar remained relatively unchanged against the US counterpart on Monday, more bearish momentum is expected to follow, as the pair breached an 11-month up-trend last week.
On Monday the Euro managed to erase all previous week's losses, having added 65 pips against the Japanese Yen that day.
On Tuesday morning the bullion regained Monday's losses, as the metal traded near the 1,225 mark.
As was anticipated, the US Dollar successfully outperformed the Japanese currency on Monday, with trade closing in between the monthly R2 and the weekly R1 resistance cluster.
Following yesterday's outlook, the Cable's fate is to be determined today.
The common European currency scored about fifteen pips against the US Dollar on early Tuesday morning, which could almost be called as remaining flat.
The US Dollar traded higher by mid-Monday against the Canadian Dollar. However, the pair has met a strong resistance cluster, which is located below the 1.36 mark.
The Australian Dollar remained almost flat against the Greenback by mid-day on Monday. However, the currency exchange rate previously fell below the 11-month up-trend during Friday's trading session.
The New Zealand Dollar continued its way down against the Greenback on Monday, as the currency exchange rate reached the long term ascending channel pattern's lower trend line at 0.7076.
The common European currency surged against the Japanese Yen and traded above the 116.00 mark on Monday.
Несмотря на хорошие данные по инфляции в Германии, евро все равно продолжил снижаться против доллара США на торгах в пятницу, 11 ноября, так как вероятность повышения процентной ставки ФРС в декабре этого года привлекает все новых и новых покупателей американского доллара.