The Sterling was trading along the 55-hour SMA early on Wednesday.
EUR/USD was driven by slight upside risks on Wednesday.
The charted channel, which was drawn on Tuesday, on the NZD/USD hourly chart was once more confirmed when the lower trend line managed to force a rebound of the pair.
The previously expected decline in a narrow ranged pattern down to the 1.25 mark did not occur. The reason for that is the existence of a medium term descending pattern, which revealed itself during the last 24 hours.
The previously expected decline of the Australian Dollar against the US Dollar occurred on Wednesday morning. However, before the target area of 0.7750 was reached, the pair lingered horizontally for most part of Tuesday's trading.
The recently discovered now dominant channel up pattern on the EUR/JPY currency pair's charts has been once more confirmed. Moreover, the expected decline of Tuesday occurred exactly as forecast by our analysts.
The yellow metal has been trading below the 1,350.00 mark for the third consecutive session.
Tuesday was rather uneventful for the USD/JPY exchange rate, as it spend the majority of the session slightly below the 100– and 200-hour SMAs.
After hitting the upper boundary of a short-term channel and a trend-line at 1.4370, the Sterling began its decline towards the 1.43 mark.
On Tuesday, the common European currency once again failed to overcome the psychological 1.24 mark which has worked as a strong resistance this month.
The NZD/USD is another pair, which has fallen down due to the strength of the US Dollar. However, that is not the most important fact to note.
On Monday it was spotted that the US Dollar had no support levels left against the Canadian Dollar. The event resulted in a decline of the pair.
The situation on the AUD/USD charts after the breaking of various trend lines had not become clear in the second part of Tuesday's trading session.
On Monday Dukascopy analysts spotted what was initially though to be a junior pattern on the EUR/JPY currency exchange rate. That pattern has become the dominant one.
Gold entered a minor period of consolidation late on Friday, as a move below the 1,342.00 was restricted by the 55– and 100-hour SMAs.
Despite technical indicators flashing bullish signals, the US Dollar was driven by strong downside momentum on Monday.
The GBP/USD currency pair closed Monday's trading session with a solid 91-pip gain.
The Euro gained enough momentum to dash through the 55– and 100-hour SMAs and a short-term channel down early on Monday.
On Friday Dukascopy analysts expected a corrective move south to occur on the NZD/USD currency pair's charts. This has happened and the move has even extended itself more than expected.
The US Dollar has fallen below the last notable support of the Dukascopy technical analysis system against the Canadian Dollar.
The Australian Dollar has been acting immensely strange against the US Dollar since Friday.
The previous review of the EUR/JPY currency exchange rate concentrated on the fact that the currency pair had passed the resistance of the monthly pivot point at the 132.67 level.
XAU/USD did not introduce massive changes to its positioning during the previous session, as its movement was stranded by the 55-, 100– and 200-hour SMAs.
The US Dollar continued to appreciate against the Yen for the second consecutive session on Friday.