The New Zealand Dollar continued to struggle in making a rebound against the rising wedge pattern's lower trend line against the US Dollar on Monday.
With the start of a new week the US Dollar depreciated by mid-Monday against the Canadian Dollar, as the currency exchange rate had touched the level of 1.3135, which is below the weekly PP at 1.3165.
The Aussie did not suffer too much on Friday, in spite of the US Dollar receiving a boost from strong CPI figures.
Friday ended with the European single currency sustaining a relatively sharp loss against the Japanese Yen, with demand, represented by the two-month up-trend providing managing to prevent the Euro from edging lower.
Despite a better-than-expected US CPI, the US Dollar failed to post solid gains on Friday.
The British Pound plunged against the US Dollar on Friday, amid a strong reading of the US CPI.
The yellow metal was struggling with the resistance put up by the newly formed weekly PP at 1,316.02.
The common European currency is appreciated against the US Dollar on Monday morning, as the rate found support in the combined cluster of 55 and 200-day SMAs.
The Loonie is not giving up against the Greenback on Friday so easily, as the currency exchange rate keeps struggling below resistance almost at the 1.32 mark.
AUD/USD traded steady on Friday, showing little volatility and casting doubt on whether the 0.7483 support level based on the 100-day SMA is attainable during the trading session.
After finally breaking free from the ascending wedge's support line the Kiwi slowed down the sub sequential surge against the US Dollar.
A bold move is being attempted by EUR/JPY as the pair is pushing through September lows at the tough 114.36/50 support level, and threatening to close beneath.
GBP/NZD underwent consolidation for five years straight, coming across volatility in 2015. The pair gained 31% in just four months time, tapped at six-year highs (2.5331) and then slid 30% to encounter its toughest resistance at 1.7714. The fall proved to be too flat amid the Brexit vote, when 20% of currency value was lost, breaking a descending channel, formed
The yellow metal is no longer bouncing around the level of 1,320, as the metal retreated below the weekly S1 at 1,315.33.
USD/JPY keeps trading around the monthly pivot point, staying below the 55-day SMA at 102.60 and at the same time above the weekly S1 at 101.20.
The Cable saw no change yesterday, finishing the day at the open price after testing both the resistance trendline and weekly S1 that is currently acting as support.
The common European currency traded just above the weekly PP against the US Dollar on Friday morning.
The bottom trend-line of the four-month wedge at 0.7262, toughened by the weekly S1 and the monthly Pivot Point just below, proved its dominance against NZD/USD movements, causing the rate to reverse and target 0.7305 instead.
A rising wedge pattern directed AUD/CAD movements for the 2007-2013 period, followed by a downward breakout when the RBA executed its rate cut in order to devalue the appreciating currency. A 14 percent dip came as a success of the policies implemented, and established a strong support level at 0.9212 which has carried the pair's movements since then. The support-line
USD/CAD cut its way towards the upper trend-line of the four-month ascending channel short, expressing a slightly bearish attitude with further risk at 1.3130.
AUD/USD showed almost no volatility whatsoever over most of Wednesday, battling 0.7476/83, and restricted by 0.7484 from the downside.
The Euro performed poorly within EUR/JPY , posting losses below the weekly Pivot Point.
The yellow metal tested the resistance of the monthly PP at 1,326.43 once more on Thursday morning.
USD/JPY fetched 103.40 yesterday, but eventually slid back under 102.70, which is represented by the weekly PP and 55-day SMA.