GBP/USD rebounded a bit after a sharp fall on Thursday.
After a sharp drop amounted to 160 pips on Thursday, the shared currency stabilised a day later.
New Zealand Dollar got pressured by the US Dollar on Thursday, amid the US data having better figures than expected.
On Thursday, the USD/CAD pair rebounded, adding 80 pips. The Greenback settled between the weekly PP at 1.2484 and R1 at 1.2514.
After a two-day rally the Aussie reached the weekly R2, where it intersects the upper trendline, forcing the pair to bounce back
Surprisingly, the EUR/JPY cross declined sharply on Thursday. The single currency breached the 20-day SMA and even the 100% Fibo with the weekly S1.
Despite broad bullishness of the US Dollar on Thursday, the price of gold retained its upward momentum and hit as a result resistance at 1,215.68/1,211.90, created by the 100-day SMA and weekly PP.
As expected, USD/JPY failed to slump yesterday. Moreover, the pair rallied and met the weekly R1, before settling at a two-week high of 119.41.
On Thursday, GBP/USD tested a cluster of resistances around 1.5560 and declined earlier than anticipated.
The Euro depreciated faster than expected, effortlessly piercing through a supposedly tough support at 1.13. EUR/USD is now trading as low as 1.12, a level that can potentially hold the rate for a while, but is likely to be broken eventually.
As expected, the US Dollar slumped against its New Zealand counterpart.
Indeed, the Greenback slid in value against its Canadian counterpart, confirming support at 1.2405, represented by the weekly S1.
For a second day now the Aussie exceeded expectations. Not only did the Australian Dollar reach the anticipated targets, but also went beyond the initial resistance levels.
The EUR/JPY pair edged up yesterday and settled at 135.04, the weekly PP, which prevented the cross from advancing.
XAU/USD is currently extending Wednesday's rally from 1,200, but it may encounter fierce resistance between 1,215.80 and 1,211.90, where the weekly PP merges with the 100-day SMA.
On Wednesday the USD/JPY cross attempted to decline, but was unable to breach the 20-day SMA.
Sterling's performance exceeded expectations yesterday, as the GBP/USD currency pair edged closer to the weekly R2 level.
Despite immediate resistance at 1.1368, represented by the weekly PP, there is still some room left for the Euro to appreciate in the short term.
The New Zealand Dollar plunged against the US Dollar, confirming the mentioned support level, as it stopped the pair from falling further.
The US Dollar got beaten down after the Fed's Chief stated that interest rates would not be raised in 2015.
Surprisingly, the AUD/USD currency pair did bounce back even before reaching the Bollinger band at 0.7716.
EUR/JPY cross managed to breach the weekly PP, but failed to end the trading day above it.
The downward momentum gold has been developing since mid-January is having trouble pushing the price beyond 1,200.
The Buck rebounded, although the market reaction was not as strong as anticipated. USD/JPY bounced back through the weekly PP and settled at 118.71.