The New Zealand Dollar is in a second consecutive session of gains against the US Dollar, as the Brexit shock dwindles in its aftermath.
On Tuesday risk-appetite returned to the markets, causing the Euro to post more gains against the Japanese Yen, this time completely erasing Monday's bearish gap.
The Greenback's bullish development against the Japanese Yen on Tuesday caused the broadening falling wedge pattern to be preserved.
As was anticipated, the Sterling managed to rebound on Tuesday, unable to fall below the post-Brexit's low of 1.3230.
Although, the market recovered on Tuesday from the Brexit induced shock last week, markets have returned to risk off sentiment on Wednesday, as, in the meantime, the yellow metal met the weekly pivot point at 1,307.95 and began to increase.
The European currency surged from 1.1023 to 1.1062 on Tuesday against the US Dollar, as the Euro is slowly recovering after the huge drop it experienced on the results of the UK referendum on EU membership.
As the markets recovered from the huge selloff started by the UK's referendum on membership in the European Union, the Loonie gained strength against the US Dollar on Tuesday.
The Euro edged higher on Monday, but failed to completely erase yesterday's bearish gap.
The New Zealand Dollar previously had seven consecutive sessions of gains against the US Dollar, which were wiped out by the two sessions following the UK referendum on whether to stay in or leave the European Union.
The Australian currency continued to post losses against its US counterpart, having fallen more than 80 pips yesterday.
The USD/JPY currency pair almost fully negated early Monday's bearish gap yesterday, managing to return within the borders of the broadening falling wedge pattern.
Monday ended with the Sterling sustaining another loss against the US Dollar, but with the 1.3230 level, namely the post-Brexit's low, limiting the losses.
After skyrocketing, as a safe investment, on UK referendum on European Union membership results, gold continued to surge on Monday.
After Brexit on Monday, the Euro started recovering against the US Dollar by appreciating from 1.1007 at the start of Monday's session to 1.1023 at the end of day's trading.
As the US Dollar strengthened against all other major currencies on UK European Union membership referendum results, the USD/CAD pair was no exception to the surge.
Britain's exit from Europe caused the commodity currencies to weaken, or rather the US Dollar to strengthen against them on Friday.
The New Zealand Dollar is among one of the many currencies, which suffered losses against the US Dollar, as the UK referendum on European Union membership results came in, and they declared an exit from the union.
With risk-on sentiment taking over the markets on Friday, the EUR/JPY currency pair dropped below the 114.00 mark, with volatility stretching out even beyond 110.00.
As the bullion surged on Brexit vote results, it saw huge volatility by even reaching the 1,358 level at a certain point.
The result of EU referendum polls caused the Sterling to plunge dramatically on Friday, reaching a 30-year low.
Brexit also caused the US Dollar to weaken against most major peers, triggering the USD/JPY sell-off down to the 99.00 mark.
After suffering huge losses on the Brexit vote results, the Euro has slightly recovered against the US Dollar on Monday, as the currency exchange rate moved from 1.1005 at the start of Monday's trading session, to 1.1040 by 7:00 GMT.
Gold spiked more than 100 dollars from the 100-day SMA at 1,250 amid the news from the UK, but the rally appears to have been stopped by the rising resistance trend-line.
Although the 23-month down-trend was pierced to the upside on Thursday, the ‘Brexit' poll results caused the Pound to plummet today, registering a 10% drop towards the lowest level in 30 years.