Ever since the AUD/USD currency pair put the one-year down-trend to the test on Monday, weakness has been prevailing in the markets.
The European single currency managed to retain its positions above the 120.00 major level, thus, leaving the monthly pivot point intact.
During the early hours of Thursday's trading session the yellow metal was in a retreats, which was initiated by the end of Wednesday's trading.
As was anticipated, the US Dollar weakened against the Japanese Yen for the seventh day in a row yesterday, but with losses slightly exceeding expectations.
In spite of strong volatility, the Cable managed to remain relatively unchanged on Wednesday, retaining its position above the monthly PP.
On Thursday morning the common European currency against the Greenback remained below the combined resistance of the weekly R1 at 1.0814 level and the 38.20% Fibonacci retracement level at 1.0826.
By the middle of Wednesday's trading session the New Zealand Dollar depreciated against the US Dollar, as the currency exchange rate was heading lower with no close by support level near it.
During the first half of Wednesday's trading session the Greenback surged against the Canadian Dollar, as it broke the resistance put up by the weekly PP at 1.3374.
Tuesday ended with the Australian currency sliding back under the 0.77 level, which suggests the given pair could now embark on a bearish voyage once more.
There were no surprises in the EUR/JPY pair's performance on Tuesday, being that the exchange rate still managed to stabilise between the 55 and the 100-day SMA, despite initially experiencing strong upside volatility.
The yellow metal began Wednesday's trading above the weekly R1 at 1,242.38, which began to provide support by the end of Tuesday's trading.
Risk-aversion was driving the markets yesterday, causing the USD/JPY pair to drop for the sixth consecutive day.
The strong UK inflation data yesterday helped the British currency to strengthen further against the US Dollar, ultimately causing the nine-month down-trend to be pierced.
During the early hours of Wednesday's trading session the common European currency against the Greenback fluctuated just below the weekly R1, which is located at the 1.0814 level.
During the first half of Tuesday's trading session the New Zealand Dollar remained near the previous closing price of 0.7050 against the US Dollar.
By the middle of Tuesday's trading session the US Dollar against the Canadian Dollar remained above the support cluster near the 1.33 mark, which kept the rate from declining for the past four trading sessions.
The Australian Dollar behaved in accordance with expectations yesterday, being that it managed to edge higher, but was unable to breach the immediate resistance area.
Monday ended with the Euro weakening against the Yen again, but with no significant level getting pierced.
During the early hours of Tuesday's trading session the yellow metal's price declined and fell below the 1,230 mark.
Even though the USD/JPY pair remained relatively unchanged yesterday, a small bearish development was still sufficient for the exchange rate to stabilise below the ascending channel's support line.
On Monday, the GBP/USD currency pair experienced a small bearish correction, after having surged for three consecutive days last week.
On Tuesday morning the common European currency surged against the US Dollar and managed to break through the resistance put up by the monthly R1, which is located at the 1.0772 level.
By the middle of Monday's trading session the New Zealand Dollar had managed to surge above the 0.7070 level against the US Dollar and retreat below the 0.7050 mark.
During the first half of Monday's trading session the US Dollar depreciated against the Canadian Dollar, as the currency exchange rate was about to pass the support cluster below it, just above the 1.33 mark.