After the sixth attempt the US Dollar breached the psychological 1.2650 support level, stabilising right on top of the 1.26 mark.
Although the Australian Dollar prolonged its short-term recovery yesterday, the AUD/USD currency pair now risks slumping beyond the 0.76 mark.
The European single currency managed to recover from its intraday low and end the day in the green zone against the Japanese Yen.
By the end of Tuesday the volume of trading has risen to a three-day peak, which supported the bulls in attacking the nearest resistance at 1,241/43.
Demand in face of the monthly S1 and the weekly PP around 110.50 was sufficient to prevent the USD/JPY currency pair from falling on Tuesday.
In the wake of deteriorating US fundamentals yesterday the British currency edged 100 pips higher against the Greenback, as the pair failed to maintain trade above the 1.46 major level.
The Euro was up over the trading session on Tuesday, with rallies underpinned by weaker than expected US statistics and upcoming rate statement of the Fed.
After slumping for three days in a row, the Kiwi managed to rebound from the ascending channel's support line yesterday, but with volatility limited by the 20-day SMA at 0.6881.
The USD/CAD chose the less likely scenario yesterday, as the pair remained relatively unchanged and inched closer towards the 1.27 mark.
On Monday, the AUD/USD currency pair edged higher, but failed to climb over the immediate resistance in face of the weekly PP.
The EUR/JPY cross remained relatively unchanged over the last 24 hours, having slumped only 15 pips.
Yellow metal acted decisively on Monday and provided the price with a robust enough increase, in order to close back above the vital 55-day SMA.
The US Dollar was unable to post gains against the Japanese Yen or pierce the 55-day SMA on Monday, resulting in a 63-pip loss over the day.
On Monday Pound's volatility was contained by the 1.44 major level from the downside and the resistance trend-line from the upside, while the day ended with a 10-pip rally.
EUR/USD established itself in a tight range between the 1.12 and 1.1280 marks, both represented by major demand and supply areas, respectively.
The New Zealand Dollar declined against its US counterpart for the third consecutive day last Friday, putting the newly-formed ascending channel's support line to the test.
The USD/CAD almost completely negated Thursday's gains on Friday, but was unable to reach the second support area or fall under the 1.26 mark, even though Canadian fundamentals provided a strong boost for the Loonie.
Last Friday the Aussie edged lower against the Buck for the third consecutive day, but managed to remain above the 0.77 major level.
News that the BoJ might soon implement negative loan rates significantly weakened the Japanese Yen on Friday, causing the EUR/JPY cross to reach the third resistance level—the 55-day SMA at 125.40.
A sharp drop of gold prices on Friday followed its inability to consolidate above the 1,263 resistance one day before.
The USD/JPY currency pair overperformed on Friday, as the Japanese Yen lost more than 200 pips against the Buck on the negative loan rate rumours.
Although the Sterling was unable to maintain trade near the target area of 1.4450 on Friday, trade still closed with the GBP/USD currency pair retaking the 1.44 major level, also erasing all intraweek losses.
Last Friday the EUR/USD pair traded down and closed at the 1.1220 mark, posting a more than 60-pip daily slump.
Even since the NZD/USD currency pair bounced back from the resistance trend-line this week, the bearish momentum overtook the market.