The USD/CAD bulls threw the pair well higher above the weekly R1 at 1.260, forming the daily high at 1.267.
The AUD/USD pair dived to new lows today, breaking below the weekly S1 at 0.778.
The EUR/JPY went up from the previous lows at 132.71 and briefly touched the 100% Fibonacci.
On Wednesday, the precious metal traded mostly in the narrow range between monthly R2 and 61.8% Fibo around $1,285, while the latter level limited any gains proposed by bulls.
Since the support at 118 failed to withstand the selling pressure, USD/JPY is now exposed to a decline to 116.0/115.5, where the monthly S1 level is reinforced by the 38.2% Fibo.
GBP/USD pared some of the latest gains, but the pair is nonetheless in a good position to advance towards 1.53, namely the seven-month down-trend, as the support at 1.5150 stays intact.
Following two days of gains, EUR/USD pair decided to resume losing value and plunged considerably on Wednesday.
The AUD/USD pair swung about 125 pips today, yet, the bulls were stronger and brought the cross to trade higher.
The NZD/USD pair was little volatile today and the market participants were not able to move the price anywhere far away from the previous day close at 0.745.
The market bulls were not ready to let the CAD tumble versus its counterpart and the pair regained some part from the previous day loss.
Generally, the JPY received back half of the losses from the previous day by retreating down for about 60 pips.
On Tuesday, gold made an attempt to rebound considerably after losses that occurred back two days ago.
USD/JPY keeps trading between 119 and 117 for a seventh day in a row, even though the informational background is far from quiet.
Not only did GBP/USD break the weekly PP, it also jumped over a cluster of resistances at 1.5168/45 (weekly R1, monthly S3 and 20-day SMA).
A strong correction of the Euro to the upside continued back on Tuesday.
The NZD/USD pair eventually closed in red on Monday after trying to appreciate.
The USD/CAD cut previous gains as the pair almost slid to the 22 January daily low.
A lot of the USD pairs was seen depreciating today and this particular pair is not an exception.
The JPY advanced versus the EUR on Tuesday, since the pair hiked above the weekly PP at 133.53.
On the first day of this week the precious metal lost around $15 per ounce and crossed a number of major demand areas during trading.
USD/JPY managed to offset all the Friday's losses and gained a foothold above 118 once again.
Though we expected more weakness for the Sterling, the currency rebounded from 1.50 because of the new speculations regarding the rate hike in the UK.
EUR/USD rebounded during trading on Monday of this week, while the pair returned back above 1.12 level.
The NZD/USD pair went higher during the earliest Monday sessions, but lost the bullish momentum after failing to surpass the monthly S2 level at 0.747 and depreciated towards the 2011 March low.