Considering the absence of any significant supports nearby, the bearish tendency is expected to persist.
Friday was marked by a second day of considerable losses of the Euro versus US Dollar, as the pair fell even below the 1.1150 mark, thus furthermore reflecting the ECB's decision to start QE in the single currency area.
The NZD/USD pair slid majorly during this week as the NZD lost about 360 pips .
The AUD/USD pair dived to new lows on Friday, as the Dollar pressures its counterpart for the fifth consecutive day.
The USD/CAD met the April 2009 high at 1.246 before declining back.
The EUR/JPY is seen declining for the third consecutive day.
XAU/USD cross was rather volatile during the trading session back on Thursday, as market reacted to stimulus announcements of the European Central Bank.
As expected, USD/JPY confirmed the support at 118.
The Euro keeps dragging the Sterling lower, which has fallen through the weekly S1 and to the S2 level.
EUR/USD pair plummeted on Thursday, as the ECB unveiled a plan to buy 60 billion of securities monthly until September 2016, including government bonds.
The NZD/USD fluctuated 71 pips but closed mainly at the same level where the last daily close is, the 0.755, respectively.
The USD/CAD was little changed on Thursday as the market lost some portion of participants.
The AUD/USD declined first before breaking through the weekly S1 at 0.809.
The EUR/JPY tumbled about 200 pips lower from the previous day close and 136.983, forming a daily low at 134.541.
It seems that at the moment the yellow metal is remaining under a strong support from the monthly R2 and 61.8% Fibonacci retracement around $1,285.
A combination of the weekly PP and 23.6% Fibo managed to stop a sell-off.
Though the fundamental background was negative for the Pound, the currency did not wander away from the resistance at 1.5160/45 (weekly PP and monthly S3).
Since previous Friday, the EUR/USD pair has been hovering inside the narrow 50-pip range between two levels, namely 1.1550 and 1.16.
The NZD/USD tumbled even further, letting the NZD to depreciate versus its counterpart for about 73 pips.
The USD/CAD pair hiked another 200 pip higher from the previous close at 1.211.
The AUD/USD rebounded from the previous day close at 0.817 and met the Bollinger band at 0.824.
The EUR/JPY struggled to surpass the weekly PP at 137.229 and slid lower, close to the October 2014 low at 135.586.
As it was expected, XAU/USD's bulls managed to accumulate enough momentum in order to gain significant value during trading on Tuesday.
Though USD/JPY managed to settle above 118 yesterday, at the moment the currency pair is under strong selling pressure after a test of the monthly pivot point at 119.