On Monday, GBP/USD managed to rebound 90 pips after declining throughout previous week.
On Monday, EUR/USD failed to rebound noticeably and added just 20 pips during trading, by reaching 1.0850 mark.
As anticipated, the Kiwi plunged against the US Dollar. The NZD/USD pair ignored the support cluster at 0.7449 and declined 115 pips overall.
Friday's forecasts came true. The Greenback rallied through all the resistances on its path, until the currency reached a Bollinger band at 1.2626, which stopped the Buck from advancing further.
AUD/USD plunged on the previous business day, although a bit further than first anticipated.
The cross declined for the fourth consecutive day last Friday. EUR/JPY easily pierced through the weekly S2 along with the monthly S1 and the Bollinger band before settling above the weekly S3 at 130.96.
Gold has been negatively affected by optimistic statistics from the US on Friday.
On Friday the USD/JPY pair rallied for the second consecutive day, until it reached the 11-week high at 120.82.
The Sterling has been under downward pressure during previous week, as the it slumped for the fifth day last Friday.
Strong expectations for successful QE from the side of the ECB had a major bearish impact on EUR/USD pair last Friday.
Yesterday the Kiwi bounced back after a two-day rally. The currency went through the weekly PP and the 20-day SMA, before ending the trading day at 0.7476.
On Thursday, the USD/CAD currency pair tested the weekly S1 resistance at 1.2518. The Greenback edged up over the day, but remained in the range between the 20-day SMA and weekly S1, settling at 1.2484.
As anticipated, AUD/USD plunged on Thursday, but was unable to erase Tuesday's gains.
As it turned out, a correction in the EUR/JPY did not take place, and the pair slid for the third consecutive day yesterday.
For a fourth consecutive day, a daily change in price of Gold does not exceed two important technical levels which are keeping the bullion in a narrow trading range.
USD/JPY rebounded yesterday, overshooting expectations and erasing the two-day losses.
On Thursday, the GBP/USD pair did not surprise with its behaviour, as it slumped again for the fourth consecutive day.
As estimated, downward pressure on the EUR/USD currency pair remained strong yesterday, caused by the ECB monetary policy meeting in Cyprus.
The New Zealand Dollar extended its gains for another day. However, the pair lacked the strength to reach the previously established resistance levels represented by the Bollinger band and the weekly R1.
On Wednesday, the USD/CAD pair slumped, as anticipated. The Greenback tested the two closest resistances, but was unable to breach them, as the US Dollar is following the sliding trendline.
On Wednesday, the Aussie tested the upper Bollinger band, but eventually settled just under the weekly PP at 0.7815. Compared to Wednesday, the AUD/USD pair barely climbed.
EUR/JPY pair declined for a second consecutive day after encountering resistance at 134.30.
XAU/USD cross showed no significant changes in course of the previous trading day as it remained hovering just around the major level of 1,200.
On Wednesday the USD/JPY pair continued to trade between the weekly PP an R1 levels.