The US Dollar continued to move lower against the Canadian Dollar on Friday, as the currency exchange rate suffered major losses the previous session.
Thursday ended with the Australian Dollar experiencing a small recovery against the US counterpart, also managing to climb back over the weekly pivot point.
As was expected, the Euro experienced some issues on Thursday and, as a result, was unable to retake the 122.00 level.
The yellow metal's price had slightly surged on Friday morning, as the bullion had touched the 1,177.62 mark.
As was anticipated, the USD/JPY currency pair underwent a small corrective decline, but remained in a tight range between the immediate support and resistance levels.
The Sterling experienced a strong boost from news that UK might retain access to the European market despite ‘Brexit', allowing the 1.27 level to be reached on Thursday.
The common European currency surged against the Greenback on Friday morning, as it was on its way to the resistance put up by the January low level at 1.0709.
The New Zealand Dollar traded below the 0.71 mark against the US Dollar on mid-day during Thursday's trading session.
The US Dollar depreciated against the Canadian Dollar by mid-day on Thursday, as the currency exchange rate reached below the 1.34 level during the first half of the day's trading session.
Almost all AUD/USD pair's efforts to recover were in vain, as the Aussie slumped nearly 100 pips against the US counterpart yesterday, amid strong US fundamentals.
The EUR/JPY currency pair overperformed on Wednesday, having closed significantly higher than first anticipated.
Amid strong US fundamental figures on Wednesday, the American Dollar gained more than 200 pips against the Japanese Yen, thus, climbed over the 23.60% Fibo level, which caused the pair to exit its ascending channel pattern.
Yesterday the British currency one again successfully outperformed the US Dollar, having received a sufficient boost from a retest of the wedge's support line.
The common European currency surged on Thursday morning against the US Dollar, as the pair began the rate just at the weekly pivot point at 1.0589.
The fall of the yellow metal, which began on Wednesday, stopped on Thursday morning, as the bullion reached a ten month low level by touching the weekly S1 at 1,162.76.
The New Zealand faced a strong resistance cluster against the US Dollar by mid-day on Wednesday, as the currency exchange rate attempted and failed to break through.
The US Dollar depreciated against the Canadian Dollar by mid-Wednesday, as the information from the OPEC meeting indicated at an upcoming oil output cut.
Even though the AUD/USD currency pair experienced strong downside volatility yesterday, it still closed with the exchange rate remaining at the same level it opened at.
Although the European single currency appreciated against the Yen on Tuesday, gains were insufficient to fully negate Monday's losses, with the pair adding 85 pips.
NZD/JPY behaved according to technical signals and exited the three-year falling wedge to the upside, suggesting an end to the downtrend. The pair has now set a floor at 71.84, the four-year low. The latest bear trend resulted in a 26% depreciated New Zealand Dollar and has proved that it will not be ready for levels above 93.76 for quite
On Wednesday morning the yellow metal traded below the weekly pivot point, which is located at 1,191.86.
Although the US Dollar appreciated against the Yen on Tuesday, the pair surprisingly closed below the immediate resistance, namely the weekly pivot point.
Even a strong US GDP reading was insufficient for the Buck to post gains against the British Pound yesterday, while the wedge's trend-line successfully caused the Cable to rebound.
On early Wednesday morning the common European currency retreated after encountering resistance against the US Dollar.