The Cable keeps falling for the second week in a row, as the Sterling declined again versus the Greenback yesterday.
Yesterday, the common currency stopped losing value and settled just above the weekly S1 at 1.0856.
The NZ Dollar behaved in accordance with the forecast, as the given pair suffered substantial losses yesterday.
There were no surprises in the USD/CAD pair's behavior, as it soared on Tuesday.
The bearish trend persisted, as the Aussie weakened against the US Dollar again.
The Euro appreciated against the Japanese Yet, but not as much as anticipated.
After four consecutive days of sluggish changes, the precious metal slipped considerably on Tuesday, while pricing US fundamentals.
On Tuesday, the US Dollar skyrocketed and crossed the two closest resistance clusters.
Yesterday, the Sterling declined slightly more than anticipated, as the Cable crossed the immediate support at 1.5406, before stabilising at 1.5390.
On Tuesday, the single European currency remained under significant bearish pressure, as US fundamentals pushed EUR/USD below 1.09.
On Monday, the better-than-expected New Zealand fundamentals boosted the Kiwi.
On Monday, the 55-day SMA provided sufficient support to stop the US Dollar from edging lower during the trading session.
The Euro suffered small losses against the Japanese Yen yesterday.
Indeed, the 55-day SMA was too strong of a barrier to penetrate, resulting in the AUD/USD rebound.
For the fifth consecutive day the yellow metal has been remaining broadly unchanged just above the 1,205 mark, even though it has made several attempts to exit from the vicinity of 1,203-1,212 range.
Although the USD/JPY did rise on Monday, gains were not as high as anticipated.
The Sterling remained flat against the US Dollar through Monday, despite significant upside volatility.
Yesterday, EUR/USD managed to consolidate below the monthly PP (1.1003) and is moving further downwards on Tuesday.
The NZ Dollar almost fell in line with expectations, as it declined against the US Dollar at the end of last week.
The US Dollar required a massive boost in order to penetrate the barrier around 1.2250, and Friday's fundamental data provided more than enough.
The Australian Dollar managed to reach the 20-day SMA on Friday, which pushed the AUD/USD pair back down.
Despite strong volatility to the upside, the EUR/JPY cross still edged down on Friday.
On Friday, the precious metal attempted to develop beyond the major cluster of resistances at 1,214.
The USD/JPY maintains strong uptrend, as the pair gained 50 more pips last Friday.