XAU/USD made a second attempt to close below the major support level of 1,154 yesterday, which is reinforced by the monthly and weekly S1.
The USD/JPY sustained heavy losses on Wednesday, much more than anticipated.
On Wednesday, the Cable fell for the second day in a row, but was unable to reach the 1.53 area.
Despite fears surrounding Greek bailout talks, EUR/USD climbed noticeably Wednesday, by crossing the nearest resistance represented by the 100-day SMA, currently at 1.1029.
On Tuesday, the New Zealand Dollar edged closer to the Bollinger band, which caused the Kiwi to bounce back and end the day with only minor losses.
On Tuesday, the USD/CAD reached a daily high of 1.2780, but settled still slightly lower at 1.2720, between the second and third resistances.
Although the AUD/USD managed to reach the 0.74 target yesterday, the trade still closed in front of the immediate support cluster.
The weekly PP caused the Euro to bounce back on Tuesday and sustain heavy losses.
The nearest reliable support for gold at 1,154 is unlikely to withstand the bearish pressure successfully, following a deep slump in the metal's value on Tuesday.
The weekly PP caused the US Dollar to fall back down, reaching the lower Bollinger band.
Sterling suffered serious losses Tuesday amid worse-than-expected fundamental data.
EUR/USD tested the nearest demand area around 1.0950 yesterday.
For the second time in a row there were no surprises in the EUR/JPY pair's behaviour.
Although the Aussie attempted to edge higher yesterday, the April low pushed the AUD/USD back down.
On Monday, the New Zealand Dollar slightly declined against the US currency.
The US Dollar's behaviour was just as foretold, as the it appreciated versus the Canadian currency.
XAU/USD was provided with bullish impetus in the early morning trading on Monday; however, gains were somewhat erased later during the day and gold slipped back below the 1,171 mark (weekly PP).
On Monday, the USD/JPY almost reached the 123.00 psychological level, but due to lack of the bullish momentum was pulled back.
Although the Sterling appreciated against the US Dollar yesterday, gains were limited by the monthly PP around 1.56.
EUR/USD's outlook tends to remain moderately bearish at the moment, despite attempts of the pair's to rebound yesterday.
At the end of last week, the Kiwi breached through the weekly S2 and continued to decline.
The American Dollar behaved in accordance with the forecast, as it appreciated against its Canadian counterpart.
There were no surprises in the Aussie's behaviour on Friday, as the AUD/USD pair suffered serious losses.
On Friday, the EUR/JPY cross behaved exactly according to the forecast.