In accordance with expectations, a combined resistance formed by the 55-, 100- and 200-hour SMAs did not let the Pound to recover against the Dollar.
As it was expected, the Dollar continued to appreciate against the Euro and reached the bottom edge of medium-term descending channel yesterday.
The NZD/USD exchange rate remained stable on Monday, being located right below the 200-hour SMA and the monthly PP for the whole trading session.
The Greenback continues to appreciate against the Canadian Dollar in a slight upside movement.
As apparent on the chart, the 55-hour SMA was guiding the Aussie for the whole trading session on Monday, thus leaving the rate slightly above the monthly PP and the 61.8% Fibo late in the evening.
Contrary to expectations, the common European currency remained stable during EBC President Draghi's speech at 1300GMT on Monday.
In result of the previous trading session, the yellow metal managed to recover not less than 1.26% against the buck.
An increasing hawkish rhetoric between the United States and North Korea led to appreciation of the Yen by 63 basis points just in three hours.
Although initially the currency pair managed to climb above the weekly PP at 1.3536 that was backed up by the 55- and 100-hour SMAs, but later it failed to strengthen this position and continue the surge.
As it was expected, a combination of the 55-, 100- and 200-hour SMAs around the weekly PP, which is located at the 1.1948 level, did not allow the rate to surge any further.
The New Zealand Dollar was fluctuating between the weekly PP and the 200-hour SMA on Friday.
Following a massive surge during the second half of Friday's trading session, the US Dollar halted unexpectedly near the 1.2340 mark—a level slightly below the monthly S1 and the 50.0% Fibonacci retracement.
The strong upward momentum that dominated the Aussie on Friday morning was disrupted by the 55-hour SMA near the 0.7980 mark.
During the second half of Friday's session, the Euro was falling gradually against the Yen, thus closing the day at the 100-hour SMA.
In accordance with expectations, the surge of the gold price did not last for long, as the pair was turned around by the monthly PP located at the 1,300.00 level, which transformed from support into resistance.
Due to increasing hostile rhetoric between the US and North Korea about mutual destruction, the Yen got another momentum to try to return to the 111.38 level.
The speech delivered by Theresa May about post-Brexit relationship with the EU on Friday, indeed affected value of the Pound.
Although initially markets were positively anticipating the upcoming Draghi speech at Trinity College, but the subsequent reaction led to quite rapid recovery of the Dollar on Friday.
After breaching the lower boundary of a junior channel, the Kiwi entered a minor consolidation period which was caused by the rate's failure to breach the 100-hour SMA.
Thursday's trading session introduced no changes in the pair's direction, as USD/CAD remained between the monthly S1 and the weekly R2 for the whole session.
The previously-drawn narrow channel of AUD/USD was altered in order to include the daily peaks reached on September 8 and 20.
Despite failing to surpass 134.08 on four separate occasions, EUR/JPY managed to breach this mark mid-Thursday and set a new yearly high.
A suggestion expressed yesterday was basically confirmed. The yellow metal indeed continued to lose value against the buck.
In result of combination of technical factors and fundamental events, the currency pair made a turn around and broke though the bottom boundary of a previously dominant ascending channel.