On Wednesday, the EUR/USD currency pair posted no significant changes during the trading session.
The NZD/USD declined today amid the weekly gains and traded at the R1 level, 0.751.
The Canadian Dollar weakened versus its US counterpart and the pair rebounded from the weekly PP at 1.237.
The AUD/USD pair bulls lost some previous day gains as the market performed highly bearish today, pushing the price away from the 20– day SMA at 0.781.
The EUR/JPY pair's intraday bias remains neutral currently.
A major resistance for Gold provided by the weekly pivot point, 38.2% Fibo and 55-day SMA managed to send the metal considerably downwards on Tuesday.
Looking at the hourly chart, the pair rebounded at first, improving the situation after yesterday's evening downward movement.
Looking closer at the GBP/USD pair on an hourly chart, the cross is steadily declining towards a two-day low of 1.5343.
Despite uncertainty over economic future of Greece inside the European monetary union, the Euro gained rather strong value against the US Dollar on Tuesday.
The NZD/USD pair appreciated today, following the second week of appreciation.
The US Dollar managed to gain a little on Monday, however, the momentum did not continue today and the market bears cut some of the bullish gains.
The US Dollar managed to lose some value versus it Australian counterpart since the cross ticked higher on Tuesday, up to the 20– day SMA at 0.782.
The EUR/JPY pair is trading within a narrow up trend since the end of January and the price found a support level at weekly S1, 133.70, respecting the bottom trend line.
The USD/JPY cross is on the bullish path, with insignificant fluctuations on the way.
Even though on Monday the yellow metal succeeded in staying above a strong resistance area at 1,230, on Tuesday it has momentarily erased all gains of two previous days.
Despite slightly bullish technical indicators, GBP/USD keeps is on moving downwards.
On Monday, the EUR/USD currency pair declined in its value as the single currency was sent downwards by a major level at 1.14.
The NZD/USD continued the monthly appreciation and the new trading week started with a gap to the upside.
The Canadian dollar lost some value versus its US counterpart and at the time of writing was trading at the April 2009 high at 1.246.
The AUD/USD pair saved the price set on Friday, forming a doji candle pattern.
The EUR/JPY pair proceeds to trade within an up trend and the price slid below the weekly Pivot point at 135.24.
Following disappointing US fundamental statistics, Gold gained confident bullish momentum on Friday.
Demand at 119 turned out to be insufficient to prevent further depreciation of the US Dollar, and the currency is now headed toward 118.
Regardless of the unfavourable technical indicators, GBP/USD keeps moving north.