The Euro rebounded after it touched upon the formidable 1.0970/50 demand area.
The New Zealand Dollar closed trade with a 17-pip rally against its US counterpart on Wednesday, leaving the up-trend intact.
With the rebound of oil prices and disappointment in US fundamentals yesterday, the USD/CAD fell down to the 1.37 major level.
Due to the Yen weakening by the end of the day yesterday, the Euro managed to retreat from its intraday losses and close trade in the green zone with a five-pip jump.
As was anticipated, the AUD/USD currency pair managed to return above the support line, thus, remaining relatively unchanged.
Upon reaching the 111.00 yen, the US Dollar managed to regain the bullish momentum and close trade with a seven-pip rally yesterday.
On Wednesday the Cable suffered a rather serious decline for the third consecutive day this week, also crossing a strong support in face of the weekly S3 and the monthly S1.
The commodity keeps appreciating after establishing a strong base at 1,210 dollars (up-trend and monthly R3).
The pair stalled after it had broken through the 200-day moving average.
The US Dollar overperformed on Tuesday, as it not only erased Monday's losses against the Loonie, but also managed to pierce the immediate resistance.
Yesterday the Aussie retreated from its intraday high, as a decline in oil prices drove the commodity currencies lower.
The Aussie bounced off of the down-trend yesterday and plunged towards the second support area, erasing Monday's gains completely.
On BoJ Kuroda's remarks the EUR/JPY dropped to the 123.00 major level on Tuesday, but managed to stabilise at 123.50.
Although neither technical level was breached yesterday, the USD/JPY currency pair closed trade with a 79-pip loss.
The British Pound experienced another sell-off yesterday, exceeding Monday's loss by ten pips.
The precious metal is well-positioned to resume its January and early February rally.
EUR/USD retains potential to go lower from here. There are still 40-50 pips left until the probable turning point.
The NZ Dollar outperformed its US counterpart yesterday, as the pair edged higher towards the down-trend at 0.6710.
The resistance in face of the weekly PP at 1.3775 proved to be too difficult to breach, thus, the USD/CAD currency pair edged lower on Monday.
On Monday the Aussie extended its gains against the US currency, amid an increase in oil prices.
The European currency weakened against the Japanese Yen on Monday, with the exchange rate stabilising slightly beyond the Bollinger band, as was anticipated.
Although the USD/JPY inched higher on Monday, the immediate resistance in face of the weekly pivot point limited the volatility, while the pair closed in front of 113.00.
The Sterling dropped more than 200 pips against the US Dollar on Monday, as the odds of a Brexit increased.
Gold managed to find support at 1,210 (monthly R3), which testifies in favour of a rally after the present consolidation is over.