EUR/USD observed an aggressive sell on Tuesday of this week, prompted by remarks from the ECB.
The monthly S1 lacked the strength to stop the Kiwi from falling on Monday.
The US Dollar managed to appreciate against its Canadian counterpart yesterday, almost negating two-week losses.
Indeed, the strong resistance cluster pushed the EUR/JPY cross down yesterday, but not as far as anticipated.
As the AUD/USD currency pair approaches the support trend-line, chances of a rebound grow.
On Monday, XAU/USD registered only insignificant net price changes.
The Greenback managed to overcome the immediate resistance cluster and even to negate last Wednesday's losses.
The British currency experienced weakness against the US Dollar for the second time in a row, as the pair dropped by 75 pips yesterday.
EUR/USD bounced significantly to the downside on the first day of this working week.
Just like EUR/JPY, AUD/USD is struggling to get past a major resistance area created by the monthly R1 and 200-day SMA.
EUR/JPY crashed into the major resistance level, which may well prevent further appreciation of the Euro.
The overall outlook on NZD/USD is bearish, being that the currency couple has recently confirmed resistance at 0.77 (200-day SMA), and there is a high possibility of the US Dollar strengthening in the rest of the pairs.
Since mid-March the exchange rate has fallen from 1.28 to 1.20.
The American Dollar has been showing weakness for the past five trading days.
Regardless of nearly all the indicators pointing up, the trading range of USD/JPY keeps narrowing.
As anticipated, supply at 1.58 was enough to stop the Sterling on Friday.
EUR/USD traded in a broad range between 1.1330 and 1.1470 on Friday.
The New Zealand suffered losses yesterday, as technical studies suggested.
As the USD/CAD reached the 200-day SMA, the pair bounced right back all the way to 1.20.
The Aussie suffered minor losses against the Greenback yesterday.
The Euro slightly underperformed yesterday, as it failed to close above the 136 level.
After rising above the 200-day SMA yesterday, the yellow metal attempted to jump even higher, by violating the weekly R3 at 1,221.
Despite expectations, the US Dollar managed to appreciate against the Yen yesterday.
Yet again the Sterling underperformed, but still managed to edge up against the US Dollar.