The metal continues to trade in the borders of the previously established channel up pattern.
During Thursday's trading session, the US Dollar was trading between the weekly PP and S1.
Following a massive leap upwards on Thursday morning, GBP/USD returned to test the weekly PP at 1.2926.
After the fall of the common European currency against the US Dollar on Thursday morning the pair had recovered some of the suffered losses on Friday morning.
Contrary to expectations, a recently formed downtrend did not sustain for long.
An announcement of the new Canadian overnight interest rate strengthened the Loonie by 210.5 basis points against the American Dollar.
An impulse given by a combination of the 20-, 55- and 100-hour SMAs was strong enough to drive the currency pair to the top without respite.
In the end of the yesterday's trading session, the common European currency fell to the combined support level set up by the weekly PP at 129.34 and the 200-hour SMA.
As Janet Yellen began giving her testimony on Wednesday, the yellow metal's price jumped.
The US Dollar was trading slightly above a support cluster formed by the weekly PP and the 200-hour SMA at 113.40 on Wednesday morning.
On Wednesday morning, GBP/USD plunged and subsequently surged in response to fundamentals.
The forecast of a surge of the Euro against the US Dollar has not fulfilled itself, as the currency exchange rate traded even below the 1.14 mark on Thursday morning.
In line with technical indicators, the Kiwi bounced off the bottom channel line and started to surge.
On Tuesday, the US Dollar continued to trade against its Canadian counterpart in an ascending triangle.
The second half of Tuesday AUD/USD spent in a limbo between the weekly PP and the 200-hour SMA from the top and the 20-, 55- and 100-hour SMAs from the bottom.
As it was expected, the EUR/JPY continued to move in a limbo between the rising wedge's upper trend-line from the top and the 20- and 55-hour SMAs from the bottom until it reached a combined resistance level formed by the weekly and monthly R1 at 130.68.
The forecasted scenario of a surge of the yellow metal has become reality.
Contrary to expectations, the US Dollar failed to overcome the 114.50 level on Tuesday.
The low volatility apparent on Tuesday morning shifted tremendously when the GBP/USD currency pair surged and tested the weekly PP at 1.2926.
The breakout out of the descending triangle pattern did not occur to the downside.
Contrary to expectations, an impulse given by the combined resistance level formed by the upper-channel line and the 20-, 55- and 100-hour SMAs was strong enough to throw the currency pair through the monthly PP at 0.7247, the bottom trend-line at 0.7239 and the weekly S1 at 0.7238 one by one.
In line with prognoses, the USD/CAD ended yesterday's trading session slightly below the weekly PP located at the 1.2918 level.
Movement of the AUD/USD in the first half of Tuesday indicates that the currency pair acted in accordance with one of the scenarios described yesterday.
The common European currency is continuing to surge against the Japanese Yen in a rising wedge.