On Monday the European single currency edged higher against the Yen, retaking the 123.00 major level and breaching the immediate resistance in face of the weekly PP.
After testing the most immediate daily resistance line, which is represented by the weekly R1 at 1,287.68, the bullion was forced to erase these intraday gains amid growing risk appetite over the US equity session on Monday.
Even though the US Dollar edged higher against the Yen on Monday and even erased Friday's losses, the resistance trend-line of the falling wedge was not put to the test.
Demand, represented by the 100-day SMA, was sufficient yesterday to trigger a rebound, but with the 1.44 major level barely retaken.
Yesterday EUR/USD regained only a tiny percentage of Friday's losses, as data-free trading session ended with no distinctive leadership of either bulls or bears.
The New Zealand Dollar behaved in accordance with the forecast, as it weakened against the US Dollar, with volatility limited by the 0.6760 level.
The psychological resistance at 1.2962 prevented the US Dollar from posting larger gains against its Canadian counterpart on Friday.
As was expected, the 200-day SMA kept the AUD/USD currency pair from sustaining sharper losses on Friday.
On Friday the Euro slumped against the Yen slightly more than anticipated, with the expected 123.00 major level failing to limit the dips.
The monthly pivot point at 1,265.92 has not been confirmed for a second time in a one week on Friday.
The US Dollar failed to outperform the Yen on Friday, as the safe-haven status of the Japanese currency caused the pair to bounce back from the falling wedge's resistance line and close with a 40-pip slump.
A set of positive US fundamentals caused the British Pound to plunge against the US Dollar on Friday, with the 100-day SMA managing to limit the losses.
Positive streak of US data resulted in a drop from the monthly pivot point at 1.1376 on Friday.
The US Dollar remained completely unchanged against the Canadian counterpart, despite rather weak US fundamentals initially triggering a sell-off towards the 1.28 level yesterday.
The Australian Dollar managed to pierce the nearest support yesterday and almost reach the second target, represented by the monthly S2 at 0.7302.
The NZD/USD pair's performance was similar to the USD/CAD's, as it remained relatively unchanged over the past 24 hours, with exception of experiencing a four-pip rally.
Upon reaching the nearest resistance around 124.60, the EUR/JPY cross lost momentum and retreated from its intraday highs, ultimately closing with a 14-pip rally.
Bullion prices are quite volatile this week, as gains are quickly changed by massive sell-offs.
The bears have completely controlled the market on Thursday.
Even though the USD/JPY currency pair appreciated yesterday, the impetus provided was insufficient for the Buck to climb over the 109.00 mark.
The Sterling experienced substantial volatility on Thursday, but remained almost completely unchanged against the US Dollar, unable to stabilise above the immediate resistance in face of the 20-day SMA.
The Greenback took another step down yesterday, prolonging its recently acquired bearish trend against the Loonie.
The European single currency sustained a minor loss against the Japanese Yen on Wednesday, but with the monthly PP managing to hold the losses.
The New Zealand overperformed on Wednesday, as the exchange rate not only climbed over the 0.68 psychological level, but even pierced the immediate resistance in face of the monthly S1 and the 55-day SMA.