This trading session can be characterized by strong upside and downside volatility but lack of strong market movers, demonstrating that neither bulls nor bears managed to take the upper hand.
The Euro continues to depreciate against the Yen for the second consecutive day.
On Thursday morning the yellow metal's price was in a retreat, as it had failed to break the resistance put up by the weekly R3, which is located at the 1,261.72 level.
The USD/JPY pair experienced a rather devastating blow on Wednesday, losing more than 200 pips amid continued political turmoil in the US.
For the third consecutive day this week the British Pound was able to outperform the US Dollar yesterday, approaching dangerously close to the 1.30 mark.
The EUR/USD currency pair seems to have encountered the resistance of a medium term ascending channel pattern, which broke through the previously active long term channel up.
After fluctuating mildly during Tuesday's trading session the New Zealand Dollar remained unchanged by the end of the day against the US Dollar.
During the first half of Wednesday's trading session the US Dollar fluctuated in the same range as on Tuesday against the Canadian Dollar.
The Aussie was not able to make good use of the weakened Greenback, as the pair is currently trading in the red area and targeting the nearest support formed by the monthly S1 at 0.7407.
Today, EUR/JPY met strong resistance at 125.38, setting the pair for a decrease towards the weekly R1 at 124.67.
The XAU/USD cross has been recovering since it touched the broadening rising wedge's support line one week ago.
As was anticipated, the USD/JPY currency pair found support near 112.90 yesterday, where the monthly R1 and the 100-day SMA rest.
Another day ended with the GBP/USD pair remaining relatively flat, with the bullish momentum prevailing only slightly, despite an upbeat UK inflation reading.
Tuesday ended with the EUR/USD currency pair breaching the ascending channel's resistance line with ease, opening the door for more bullish potential.
By the middle of Tuesday's trading the Greenback had continued to lose ground against the Loonie.
During the first half of Tuesday's trading session the New Zealand Dollar failed to move in a clear direction against the US Dollar, as the pair remained just above the weekly PP, which is located at the 0.6877 level.
Following the four-day period of appreciation, minor downside risks have overwhelmed the Aussie in this session.
Yesterday's close above the weekly R1 confirmed that the pair's consolidation period is over.
Although on Tuesday morning the yellow metal's price was lower than the scored heights during Monday's trading session, the bullion continued to score gains.
A relatively strong recovery yesterday was almost sufficient to erase Friday's losses completely, leaving the USD/JPY pair just few pips away from that day's opening price.
Monday ended with the Sterling once again being unable to post solid gains against the US Dollar, thus, prolonging its consolidation trend for another day.
The common European currency continued to surge against the US Dollar on Tuesday morning.
By the middle of the day's trading session on Monday the New Zealand Dollar had almost reached the resistance of the monthly PP, which is located at the 0.6925 level, against the US Dollar.
During the first half of Monday's trading session the US Dollar had retreated below the weekly S1 at 1.3649 and the 20-day SMA at 1.3622 against the Canadian Dollar.