The Kiwi sustained rather sharp losses on Wednesday, also falling below the 0.6760 mark, the level that kept the NZ Dollar elevated for six weeks.
The US Dollar climbed over the 1.2962 psychological resistance, even managing to retake the 1.30 major level yesterday.
With the FOMC stating that a June rate hike is still on the table, the Greenback was able to outperform the Australian counterpart, pushing the pair towards the third support level, namely the weekly S1 at 0.7217.
For the second consecutive day the Euro remained relatively unchanged against the Japanese Yen, having appreciated only ten pips.
Yesterday the precious metal performed a substantial sell-off on the back of growing American Dollar.
As was first anticipated, hawkish FOMC Meeting Minutes triggered another USD/JPY rally yesterday, which led to the breakout from the falling wedge pattern.
Still being driven by political factors, namely the upcoming EU referendum, the Sterling managed to advance more than 130 pips against the US Dollar yesterday.
The Federal Reserve's expectations on hike interest rates in June caused the Dollar's rally on Wednesday.
The New Zealand Dollar edged up against the US counterpart yesterday, but failed to post significant gains.
Although the US Dollar experienced substantial volatility on Tuesday, the given pair remained relatively unchanged and only managed to climb over the immediate resistance in face of the weekly PP.
The AUD/USD currency pair was able to only pierce the immediate resistance and close trade at 0.7325.
The EUR/JPY pair was unable to maintain trade above the 124.00 mark on Tuesday, as the immediate resistance cluster proved to be impenetrable.
Three consecutive days of gains resulted in the testing of the weekly R1 back on Monday, but yesterday gold has been relatively quiet in its movements.
Despite substantial upside volatility, the US Dollar was unable to stabilise above the resistance line of the falling wedge pattern.
The British Pound appreciated against the US Dollar for the second day yesterday, with the resistance area around 1.4482 managing to limit the gains.
EUR/USD tested the weekly pivot point resistance line at 1.1346 on Tuesday; however, the bears took control over the market after US data showed better than anticipated inflation in April.
Due to the Kiwi being a commodity-linked currency, the NZD/USD currency pair managed to retreat from intraday lows yesterday and end the day in the green zone with a 23-pip rally.
An increase in oil prices yesterday caused the AUD/USD currency pair to edge higher, but the rally was unsufficient to maintain trade above the 0.73 major level.
As was anticipated, the psychological resistance line at 1.2962 caused the USD/CAD to make a U-turn and even fall back under the 1.29 level.
On Monday the European single currency edged higher against the Yen, retaking the 123.00 major level and breaching the immediate resistance in face of the weekly PP.
After testing the most immediate daily resistance line, which is represented by the weekly R1 at 1,287.68, the bullion was forced to erase these intraday gains amid growing risk appetite over the US equity session on Monday.
Even though the US Dollar edged higher against the Yen on Monday and even erased Friday's losses, the resistance trend-line of the falling wedge was not put to the test.
Demand, represented by the 100-day SMA, was sufficient yesterday to trigger a rebound, but with the 1.44 major level barely retaken.
Yesterday EUR/USD regained only a tiny percentage of Friday's losses, as data-free trading session ended with no distinctive leadership of either bulls or bears.