In early hours of this trading session the buck stopped the surge and bounced off from the 112.79 level.
Previous trading session the Pound ended with a 104-pip fall against the Dollar. The support was provided by the 100-hour SMA.
New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels.
After testing the weekly R1 at 0.7135, strong bearish sentiment took over the market as a result of which the New Zealand Dollar dashed through various support levels.
Apart from a notable hourly plunge mid-Wednesday, USD/CAD has spent the previous session rather calmly.
AUD/USD has shown no major changes to its overall price level during the previous session.
The common European currency was demonstrating high volatility against the Yen during the previous 24 hours.
The US Dollar started Tuesday's trading sessions with minor losses, as the pair was pressured southwards by the 55-hour SMA.
The Sterling continued to strengthen against the US Dollar on Tuesday, thus ending the day with an 81-pip gain.
During the early hours of Wednesday's trading session the yellow metal's price began a slight decline. The decline started after the metal reached above the 1,320 mark and setting a new record.
The common European currency has stopped its surge against the US Dollar. The event is providing an opportunity to review the situation on the charts.
The narrow uptrend that was apparent on the NZD/USD chart for three trading sessions was breached late on Friday.
Bearish pressures have dominated the pair since December 22.
The Australian Dollar continues to gradually appreciate against the US Dollar for the sixth consecutive session.
The last trading session of 2017 was dominated by the bullish sentiment.
Due to the increase of the US Dollar's weakness the yellow metal's price has continued to climb. Moreover, the continuation of the surge is set to continue.
currency pair's charts. The Euro has broken various resistance levels against the US Dollar.
Following a 40-pip plunge during the first half of Friday, the pair managed to recover some of its lost positions during the following hours.
Upside risks dominated GBP/USD during the last trading day of 2017.
The New Zealand Dollar continued to surge against the Buck also on Friday. The situation is quite similar to other US Dollar's pairs. However, there is a slight difference on the NZD/USD chart.
There is not much to mention in regards to the development on the USD/CAD currency pair's charts. The pair continues to decline in the previously marked channel down pattern, as the US Dollar continues to lose strength.
Although the US Dollar's weakness had continued on Friday on almost all of the financial instruments that involve the US currency, the AUD/USD pair was an exception.
Although the EUR/JPY currency pair was expected and even made an attempt to decline as it bounced off the resistance near the 135 mark, the currency exchange rate remained in the same rate on the last day of this year's trading.
Thursday's trading session did not introduce massive changes to the pair's movement, as bulls continued to dominate the yellow metal.