On Wednesday the most popular FX cross was testing the 1.08 area, which is reinforced by 55-day SMA at monthly pivot point.
The New Zealand Dollar behaved according to the forecast, as it weakened against its US counterpart yesterday, but with trade closing above the 0.65 level.
The USD/CAD managed to extend its gains for an additional day on Tuesday, with volatility even stretching out beyond the immediate resistance.
The Aussie was unable to fully recover from intraday losses on Tuesday, thus, failing to retake the 0.70 major level.
The support line remained intact yesterday, as the EUR/JPY barely changed over the day, edging only 15 pips lower.
A continuous move away from fixed income and safe-haven assets is putting more pressure on gold prices.
The monthly S2 was able to keep the USD/JPY from falling deeper yesterday, despite volatility reaching Tuesday's opening price.
The Sterling dropped to a fresh five-year low against the Buck on Tuesday, amid disappointment in the Manufacturing Production figures.
Yesterday neither bulls nor bears managed to gain control over the EUR/USD cross, meaning the exchange rate ended American session with almost no change in daily value.
The American Dollar outperformed its Canadian counterpart for the seventh consecutive day yesterday, climbing over the 1.42 major level.
Despite relatively strong volatility on Monday, the Australian Dollar behaved in accordance with expectations and ended the day with a rally, closing in front of the 0.70 level.
The NZD/USD currency pair remained relatively unchanged on Monday, edging only six pips higher, with volatility limited by the 100-day SMA from the upside.
The EUR/JPY currency pair experienced minor volatility on Monday, which in turn was limited by the immediate support and resistance clusters.
Bearish strength pushed the bullion substantially lower during the first trading session of this week.
The US Dollar retained some if its post-NFP strength and managed to outperform the Japanese Yen on Monday, negating Friday's losses.
The British currency failed to post significant gains on Monday, as supply at 1.4567 was solid, allowing the Cable to surge only 14 pips.
EUR/USD traded in a limited range on Monday amid lack of fundamental drivers throughout the day.
At the end of the previous week the New Zealand Dollar declined more than was anticipated, as it pierced through the target support cluster.
Friday's US NFP data helped the Greenback to recover from intraday losses and end the day in the green zone, making it a fifth consecutive rally.
The bearish momentum prevailed on Friday, eventually pushing the AUD/USD currency pair below the monthly S2 to 0.6950.
The European currency was unable to climb over the monthly S1 on Friday, which resulted in a retreat closer to the 128.00 level.
Last Friday the precious metal formed a long lower shadow candlestick, meaning the bears failed to hold to daily gains.
Despite a strong reading of the US Non-Farm Payrolls on Friday, the USD/JPY was unable to maintain trade in the green zone.
On Friday the GBP/USD currency pair pierced the 2015 low, falling to a fresh six-year low, amid strong US NFP figures.