The US Dollar's relatively sharp decline against the Japanese Yen yesterday caused the bearish trend to be reconfirmed.
The Sterling overperformed on Monday, having climbed over the 1.25 handle, even piercing the second resistance cluster at 1.2515.
During the early hours of Tuesday's trading session the common European currency began a decline against the US Dollar.
The New Zealand Dollar surged by the middle of Monday's trading session against the Greenback.
The US Dollar declined by the middle of Monday's trading session against the Canadian Dollar. During the move the pair managed to fall as low as the 1.3270 mark.
The AUD/USD currency pair remained relatively unchanged by the end of the inauguration day, putting the ascending channel's support line to the test.
Friday ended with the Euro outperforming the Japanese Yen for the third consecutive time, but the 123.00 major level remaining intact.
In the early hours of Monday's trading session the bullion surged to the 1,215 mark.
Surprisingly, but the USD/JPY currency pair barely experienced any volatility on Friday, having retained its position below the 115.00 handle.
The Pound managed to end trade in the green zone on Friday, with the upper trend-line of the seven-month descending channel pattern limiting the gains.
On early Monday morning the common European currency surged against the US Dollar, as the currency exchange rate reached the newly calculated first weekly resistance level at 1.0752.
The New Zealand Dollar behaved in accordance with expectations on Thursday, having reached the 0.72 major level.
A group of resistances prevented the USD/CAD currency pair from advancing too much on Thursday, but the Buck still managed to reclaim the 1.33 level.
The Aussie managed to almost completely erase Wednesday's losses yesterday, as the ascending channel's support line provided sufficient impetus for a rally.
The European single currency surprised with its performance on Thursday, as it managed to climb over the immediate resistance cluster, with trade closing at 122.48.
Gold gained some pips to the UD Dollar, following a volatile session the day before, when it posted what appears to be a high wave candle, which expresses confusion in the market.
The USD/JPY currency pair barely edged higher yesterday, therefore, preserved the bearish trend-line.
The GBP/USD currency pair confirmed yesterday's scenario, having climbed back above the 1.23 major level and even completely ignoring the immediate resistance at 1.2324.
EUR/USD opened green on Friday after the pair was denied access to levels below the 55-day SMA of 1.0608 two days before
Strengthened by Yellen's comments the US Dollar outperformed the New Zealand Dollar, causing the pair to almost completely erase all Tuesday's gains.
The Buck managed to recover from Tuesday's losses, adding more than 200 pips against the Canadian counterpart.
As was anticipated, the Australian Dollar underwent a correction on Wednesday, sliding back down towards the 0.75 level, where the 100-day SMA coincides with the 200-day one.
The EUR/JPY currency pair experienced a relatively strong rally on Wednesday, having touched the first level of the main resistance target.
The daily chart shows Gold being on a retracement of the broken upper boundary of the senior channel down pattern.