For the second day in a row yesterday the Euro remained relatively unchanged against the Yen.
Yesterday the weekly pivot point prevented the US Dollar from outperforming the Japanese Yen, but the 104.00 was not reached.
Ahead of the EU referendum the Pound managed to appreciate against the US Dollar for another day yesterday, but still unable to pierce the 23-month down-trend.
Gold keeps moving away from the 2015 high, being unable to surpass this resistance neither in May nor this month.
Considering that both in May and in June EUR/USD confirmed the lower bound of the eight-month ascending channel, our multi-week outlook is bullish.
As the New Zealand Dollar is in the middle of its sixth consecutive session of gains against the US Dollar, it confirms, that the pair is in a channel up pattern on the daily chart.
The AUD/USD currency pair negated all intraday gains on Tuesday, ending the day with a slight decline back under the 55-day SMA.
The US Dollar had some relief at the end of Tuesday's trading session against the Canadian Dollar, as it managed gain some strength by surging from 1.2807 at the start of day's session to 1.2818 after a depreciation, which started on Thursday.
The European currency remained relatively unchanged against the Japanese Yen on Tuesday, with Euro adding only 15 pips, due to most of intraday gains getting erased.
The US Dollar managed to appreciate against the Japanese Yen on Tuesday, with risk-on sentiment returning to the markets.
Upon reaching the 23-month resistance line on Tuesday, the Cable bounced back, erasing its intraday gains and ending the day with a 28-pip decline.
The bullion fell sharply on Tuesday, as its worth declined from 1,289.46 at the start of trading to 1,268 at the end of Tuesday's trading session.
The European currency started the week higher at 1.1329 against the US Dollar, as the Greenbacks lost value.
The Kiwi is in the middle of its fifth consecutive trading session in the green zone against the US Dollar, as the currency exchange rate broke through the channel up patterns upper trend line at 0.7130.
The US Dollar continues to depreciate against the Canadian Dollar, as the pair moves lower for the third consecutive trading session on Tuesday.
As was expected, the Australian Dollar strengthened against the US counterpart on Monday, without trade closing below the 0.7470 mark.
The Japanese Yen slightly overperformed on Monday, with risk-off sentiment prevailing on the markets.
Risk aversion keeps driving the USD/JPY currency pair, being that the Greenback experienced another decline against the Japanese Yen on Monday.
The British currency overperformed on Monday, having edged more than 200 pips higher against the US Dollar.
Even as the bullion experienced high volatility on Monday by fluctuating between the levels of 1,277 to 1,292, the yellow metal ended the day's trading session only around 60 pips higher than it started it.
The European currency was volatile during Monday's trading session, as it fluctuated between the levels of 1.1302 and 1.1383 against the US Dollar.
The US Dollar is weakening against the Canadian Dollar for the second consecutive trading session, as the pair fell to 1.2896 on Friday and opened Monday's session even lower at 1.2853.
The Australian Dollar behaved according to expectations on Friday, as it erased most of Thursday's losses and put the 100-day SMA to the test.
The New Zealand Dollar is in its fourth session of gains against the US Dollar, as the Greenback is losing its strength.