As previously forecasted, the New Zealand Dollar surged on Tuesday against the US Dollar and met with resistance at 0.7347, where the weekly R1 is located at.
Even though the Euro declined against the Japanese Yen yesterday, the weekly pivot point managed to limit the losses, preventing a slump towards the 113.00 mark.
The Greenback managed to remain above the 100.00 major level on Tuesday, ultimately closing with an eight-pip loss.
The US Dollar was dragged down by a poor reading of the Manufacturing PMI on Tuesday, allowing the Sterling to take the upper hand and breach the monthly PP resistance level.
The yellow metal is in its fourth consecutive session of losses, as it continues to bounce around the 1,340 level.
The common European currency had been trading against the US Dollar in a channel upward pattern since July 4, and the pair broke out of the pattern on early Wednesday morning.
The US Dollar retreated mid-Tuesday from the previously gained heights on Monday against the Canadian Dollar.
The AUD/USD currency pair managed to pierce the 20-day SMA on Monday, therefore, to preserve the four-month up-trend.
The New Zealand Dollar is gaining ground against the US Dollar without the slightest problem on Tuesday, as the currency exchange rate started the day's trading session at 0.7271, and it had surged to 0.7330 by 11:30 GMT.
Monday ended with the European single currency completely erasing its bullish gap.
The yellow metal set a downward course on Friday, and the fall continues into Tuesday, as the metal was moving lower near the level of 1,338.40 by 5:00 GMT.
The Cable overperformed on Monday, having reached the 1.3150 level, rather than remaining under the 1.31 mark.
The Euro once more approaches the resistance put up by the monthly R2 at 1.1353 against the US Dollar, as the currency rate found support on Monday in the combined support cluster made up of the lower trend line and the weekly pivot point at 1.1281 and the monthly R1 at 1.1263.
Monday's decline caused the USD/JPY currency pair to almost completely erase the bullish gap.
The US Dollar ended a nine consecutive session streak of losses against the Canadian Dollar on Friday, as the currency exchange rate changed direction and continued to surge even by 12:00 GMT on Monday.
The Australian Dollar plunged against the US counterpart on Friday, with the four-month up-trend being put to the test.
On Friday the Euro managed to outperform the Japanese Yen, rather than weaken against it, but with the key resistance remaining intact.
The Kiwi fell on Monday against the US Dollar, as it started the week with a session opening a lot lower than the previous close.
The yellow metal is falling, as it started to lose its value on Friday, when the metal fell from the height of 1,352 to 1,340 level.
Having opened with a bullish gap today, the USD/JPY currency pair is now likely to be subject to weakness.
The British currency experienced a rather sharp decline on Friday, slumping back under the 1.31 major level, thus, failing to settle at a two-week high.
The common European currency began a retreat against the US Dollar on Friday, and the pair continues to move lower on Monday, as by 5:00 GMT it had reached below the newly formed, weekly PP at 1.1281.
The Kiwi started Friday's session higher against the US Dollar, as it opened the session at 0.7291 and touched the 0.73 mark at one moment.
The US Dollar paused its streak of losses against the Canadian Dollar on late Thursday.