The strong upside momentum that drove Gold on Friday morning reversed south near the 1,338.00 mark.
The bearish sentiment prevailed in the market on Friday.
Friday's trading session ended with a 39-pip loss for the GBP/USD exchange rate.
EUR/USD's reversal from the 1.2285 mark mid-Friday confirmed the formation of a new descending channel.
The NZD/USD pair's previous encounter of the medium ascending channel pattern's lower trend line resulted in a surge. A surge which attempted to break past the resistance levels near the 0.7320 mark twice.
As it was expected, the upper trend line of the dominant channel down pattern of the USD/CAD currency exchange rate held its ground and forced the currency pair into a retreat.
As the AUD/USD pair reached the previously set target of 0.8020 and lingered near it through the most part of the first half of Friday's trading session.
As it was expected on Thursday, the Euro has booked new high levels against the Japanese Yen. However, the desired high level of 136.50 was not touched.
After breaching a six-week ascending channel late on Wednesday, Gold should have moved away from its bottom boundary.
Even though the Greenback was tended southwards on Thursday, it remained stranded between the monthly S2 and the 200-, 55– and 100-hour SMAs for the whole session.
The Pound continues to appreciate against the US Dollar for the sixth consecutive session.
The common European currency was driven by strong upside momentum on Thursday.
An unexpected turn of events occurred in regards to the New Zealand Dollar against the US Dollar currency pair. Namely, the pair rebounded and gained new high levels before it was previously forecast.
In the 24 hours following the Bank of Canada's interest rate hike, the USD/CAD currency exchange rate seems to have resumed following the previously drawn long term patterns.
There are two notable developments on the AUD/USD currency exchange rate's charts.
On Wednesday, Dukascopy analysts described two possible scenarios for the EUR/JPY currency exchange rate. One of those scenarios has become reality.
The yellow metal is starting to weaken gradually against the US Dollar.
The US Dollar held strong against the Yen on Wednesday, thus ending the previous session with an 85-pip gain.
The Sterling spent the first half of Wednesday's trading session with no significant changes against the US Dollar due to the support of the 55-hour SMA.
The Euro's movement during the previous session reveals the strengthening of the bearish sentiment
The New Zealand Dollar has extended the decline against the US Dollar, and pressed for a larger review. Namely, the decline confirmed that the previous forecast was wrong.
To do the review of the USD/CAD currency exchange rate Dukascopy Analysts expected and first covered the Bank of Canada rate announcement.
The Australian Dollar has traded with increased volatility against the US Dollar since the last review. The reason was the pair's bouncing between two competing levels of significance.
By the middle of Wednesday's trading session the common European currency had revealed a new medium term channel down pattern against the Japanese Yen.