It seems that the XAU/USD cross experiences no major issues, while crossing a dense cluster of technical levels in time when the impetus appears.
On the fourth attempt to cross the monthly PP the USD/JPY managed to regain the bullish momentum.
After a two-week rally the Cable was pressured down by a lot better-than-expected US fundamentals yesterday.
Despite optimism from the Greek debt negotiations, EUR/USD lost value on Monday, by falling back below the monthly R1 at 1.1360.
The NZD/USD did not surprise with its performance at the previous week's end.
The Greenback mostly behaved in accordance with the forecast, as it advanced against its Canadian counterpart at the end of last week.
Even though the AUD/USD currency pair reached a daily low of 0.7736 last Friday, the Aussie still closed trade in front of the 100-day SMA at 0.7770.
Last Friday, the Euro behaved according to the forecast, as it declined towards the support cluster at 139.20.
Following the strongest jump since mid-May on Thursday, the yellow metal turned flat just before the weekend.
Last Friday USD/JPY suffered more losses rather than edging higher.
Although GBP/USD reached weekly R2 from the downside on Friday, the trade still ended with the Cable edging slightly higher.
In spite of volatile movements on Friday, the Euro managed to remain just below the monthly R1 resistance line around 1.1360.
The Kiwi edged higher against its US counterpart on Thursday.
The USD/CAD experienced serious volatility to the downside yesterday, but the overall exchange rate remained relatively unchanged.
The Australian Dollar managed to rebound from the 0.77 support cluster and negate three-week losses.
The European currency resumed its trade within the borders of an ascending channel.
XAU/USD benefited significantly from the fundamental statistics in the US on Thursday, and several resistances failed to provide sufficient opposition to bulls.
The USD/JPY currency pair suffered losses on Thursday, with the exchange rate reaching the support cluster at 122.53.
The Cable experienced some volatility yesterday, but closed the trade edging higher.
After erasing the long-term downtrend line around 1.1340, the EUR/USD pair moved further to the upside and pierced through the next major resistance represented by the Jun 10 high at 1.1385.
The New Zealand Dollar behaved according to the forecast yesterday, as it pierced the support cluster around 0.69 and even tested the weekly S1 at 0.6876.
The US currency has been sliding down for the third consecutive week.
The Australian Dollar declined against the Greenback yesterday, but not as much as anticipated.
On Wednesday, the EUR/JPY currency pair slightly overperformed, as the weekly R1 failed to stop the rally.