Although the USD/CAD faced no technical support in a large range, the currency exchange rate did not continue its decline in the past 24 hours.
During the last 24 hours, AUD/USD has had three major jumps all of which resulted from data releases.
The Euro's continuous depreciation against the Yen pressured the rate outside its minor channel up.
The yellow metal is continuing its decline, as the metal traded near the 1,260 mark on Thursday morning.
As was anticipated, the retest of the six-week down-trend caused the Buck to decline against the Yen yesterday, as poor US fundamentals and political ‘issues' overshadowed the Fed's hawkish tone.
Even though the GBP/USD currency pair experienced some volatility on Wednesday, trade still closed with the Cable remaining relatively unchanged.
The common European currency remains near previous session opening levels against the US Dollar. However, there is a huge arch observable on the hourly chart.
Worse-than-expected US data propelled the New Zealand Dollar to new heights against the Greenback.
The image on the USD/CAD has been zoomed out to put into perspective the free range, which is available for a decline.
The Aussie appreciated strongly against the Greenback in the morning session, resulting in a 52-pip jump.
EUR/JPY demonstrated strong upside momentum in the morning session.
It can not be seen on the hourly chart. However, the yellow metal has found support at the 1,260 mark.
The 200-hour SMA prevented the USD/JPY currency pair from appreciating yesterday, causing the Buck to remain relatively unchanged over the day.
In spite of bearish signs, the Sterling managed to appreciate against the US Dollar on Tuesday, successfully retaking the 1.27 level.
The common European currency gained enough strength from the support of the 38.20% Fibonacci retracement level to break the descending pattern, in which it traded against the US Dollar.
The New Zealand Dollar has managed to break through the resistance of the 23.60% Fibonacci retracement level, which is located at the 0.7221 mark, against the US Dollar.
The US Dollar has lost major ground against the Canadian Dollar, as by the middle of Tuesday's trading session the currency exchange rate was below the third weekly support level, which is located at the 1.3291 level.
The minor channel down in force since June 7 was not able to confine the bullish Aussie, as the Antipodean currency breached the upper channel boundary late Monday and surged up to the 0.7565 mark.
Reaching the lower Bollinger band late Monday, the Euro bounced off the given level and appreciated against the Yen up to 123.70.
The common European currency continued to trade against the US Dollar in the descending channel pattern, which formed as a result of the pair bouncing off the resistance of the long term pattern's upper trend line at the start of May.
The yellow metal no longer trades in the borders of any short or medium term pattern, as the commodity price has broken out of the short term descending channel in the previous 24 hours.
As was anticipated, the US Dollar edged lower against the Japanese Yen yesterday, but managed to remain relatively high above the key support—the monthly S1 at 109.22.
The GBP/USD currency pair experienced more weakness on Monday, causing the exchange rate to drop below the 1.27 handle.
The most recent full review of the NZD/USD currency exchange rate has given a lot of additional information into the pair's future.