In line with expectations, Friday's trading session the yellow metal closed above the 1,250 level, as it faced no sizable resistance barriers on its way.
After hitting the upper channel line on Thursday, the US Dollar continued its bearish march against the Yen.
Positions Today Yesterday % Change Longs 42% 42% 0.00% Shorts 58% 58% 0.00% Indicator 4H 1D 1W MACD
The Sterling has been appreciating against the US Dollar for consecutive three days.
Even though there were no data releases that could have affected the NZD/USD pair, it unexpectedly surged by 55 basis points in second half of the preceding trading day.
The USD/CAD expectedly slipped down to the combined support level formed by the weekly S1 at 1.2546 and the monthly S2 at 1.2552.
In line with expectations, yesterday the currency exchange rate resumed a steady movement to towards the weekly R2 at 0.7998.
An announcement of the European Minimum Bid Rate together with subsequent speech delivered by the ECB President Mario Draghi caused a lot of anxiety yesterday.
The yellow metal continues to surprise the bulls. The commodity price was reaching for the 1,250 mark on Friday morning.
Contrary to expectations, an impulse given by an exit from a rising wedge pattern was not strong enough to push the currency pair to a closest combined resistance level formed by the 200-hour SMA and the weekly PP at 113.09.
Despite the fact that a released information on the UK Retail Sales beat experts expectations, the Pound lost 0.6% in value against the American Dollar and fell below the weekly PP at 1.3008 as well as the 200-hour SMA near the 1.2968 level.
Yesterday, as Mario Draghi spoke, the common European currency skyrocketed against the rest of the markets. After the ECB press conference
Contrary to prognoses, after updating the six month record at the 0.7373 level, NZD/USD did not continue the surge towards the weekly R1 at 0.7411.
In line with expectations, the currency exchange rate has left a falling wedge formation in the upward direction, breaking though the 20- and 55-hour SMAs.
The end of the yesterday's trading session the currency pair spent in the sluggish surge that was smoothly guided by the 20-hour SMA from the bottom.
As it was projected yesterday, the downfall of the EUR/JPY was expectedly stopped between the 128.60 and 128.70 levels.
The bullion's price continues to move in accordance with the discovered patterns.
In line with expectations, the currency pair bounced off from a lower support line near the 111.596 mark and left a falling wedge in an upward direction, bypassing on the way the 20-, 55- and 100-hour SMAs.
Thursday's trading session the currency pair started in a sluggish horizontal movement, being squeezed between the 55- and 100-hour SMAs from the top and the weekly PP at 1.3008 from the bottom.
The common European currency has consolidated its gains against the US Dollar, as the currency exchange rate had retreated down to the 1.1510 mark on Thursday morning.
In line with expectations, the NZD/USD managed to recover after a 52-pip fall and continued to move upwards during the whole previous trading day.
The previous trading day did not bring any changes for the USD/CAD pair.
In accordance with technical indicators, the AUD/USD left all attempts to reach the weekly R2 at 0.7998 already in the middle of previous trading session.
The second half of Tuesday trading session showed that the EUR/JPY did succeed to overcome a barrier set up by the 200-hour SMA.