Yesterday the bullion made an attempt to slump towards July low at 1,070.
The USD/JPY extended its correction for another day, despite distinctly bullish technical studies, which mostly proved to be unreliable this week.
In spite of the Cable dropping under the immediate support cluster in the early hours yesterday, the pair still ended the day on the green side, adding 23 pips.
EUR/USD jumped above July low at 1.0808 on Thursday, following moderately hawkish comments from ECB Executive Board member Benoit Coeure.
On Wednesday the New Zealand Dollar edged closer to the 0.66 major level, but ultimately stabilised under the 100-day SMA.
The Greenback declined against its Canadian counterpart for the third consecutive day yesterday.
The Australian Dollar erased its Tuesday's losses and made another step towards returning inside the triangle pattern.
The EUR/JPY currency pair remained relatively unchanged over Wednesday, having lost only four pips.
We continued to observe very calm trading of the precious metal yesterday.
The US Dollar dropped slightly below 123.00, but remained at a ten-month high.
Due to some disappointments in UK's fundamentals yesterday, the Cable failed at reaching its target of 1.5250, but managed to breach the immediate resistance, nonetheless.
As the most traded currency pair has been largely unchanged in value so far this week, we see the volume of trading declining as well.
The NZD/USD currency pair remained completely unchanged over the last 24 hours.
The USD/CAD experienced another small decline, with volatility limited near the 1.3240 level.
The AUD/USD unexpectedly suffered a small decline on Tuesday, but remained above the Monday's opening price.
The European currency edged lower against the Japanese Yen yesterday, as was anticipated, with trade closed just in front of the 132.00 major level.
We do not project substantial volatility for gold prices in the nearest future, after the metal stabilized and booked first gains in nine days on Monday.
The USD/JPY failed to reach the 122.80 mark, while the immediate resistance cluster prevented the pair from advancing.
The British Pound remained flat against the US Dollar on Tuesday, with the Cable rising only three pips higher.
EUR/USD has been broadly unchanged in value this week so far, owing to lack of any fundamental drivers.
The Kiwi came close to testing the 100-day SMA yesterday, but ultimately stabilised at the immediate resistance, namely the Bollinger band.
The US currency edged lower on Monday, closing trade under the 1.33 major level.
The Australian Dollar failed to reach the weekly PP, but appreciated against its US counterpart nonetheless.
Despite rather strong volatility to the upside, the EUR/JPY currency pair was pushed back by the weekly R1 and stabilised at 132.42.