Despite the relatively uneventful trading since Tuesday, the Aussie plunged down to the 0.7970 mark mid-Thursday.
After reaching the 132.00 mark early on Wednesday, bears prevailed and send the pair for a decline down to the 131.20.
A release of update on the US PPI led to 0.97% appreciation of the buck against the yellow metal.
In line with expectations, the Dollar continued to advance against the Yen in a junior ascending channel, successfully crossing the upper boundary of a formed dominant formation.
As it was expected, a mismatch with experts' forecasts on the UK Average Hourly Earnings forced the pair to make a premature rebound and retreat towards the closest combined support level formed by the 100-hour SMA and the monthly R1 at 1.3208.
Due to release of negative data in the United States on Producer Price Index the currency exchange rate made suddenly dropped down to the monthly PP, which is located at the 1.1881 level.
Following a solid appreciation on Tuesday morning, NZD/USD formed a slight consolidation period in the 0.7320/0.7280 area.
The Greenback continued its gradual appreciation against the Canadian Dollar on Tuesday, thus breaching the 100–hour SMA and the upper channel boundary.
The 0.8050 mark proved to be strong resistance for AUD/USD on Tuesday, as the failure to move past this level resulted in a short-term movement sideways.
EUR/JPY was driven by strong upside momentum on Tuesday, even despite technical indicators pointing to a possible correction south.
Even though the pair managed to cross the weekly S1 at 1,329.68 yesterday, the pressure of the bears was not strong enough to push it to the bottom edge of a dominant ascending channel.
In result of the yesterday's advance, the currency exchange rate managed to cross practically all barriers on its way.
Due to release of satisfying data on the UK CPI, the Pound got an upside momentum that helped it to cross the monthly R1 at 1.3208 and then continue the surge.
In line with expectations, a resistance created by the 55- and 100-hour SMAs prevented the further advance of the Euro against the Greenback.
As previously expected, the Kiwi depreciated against the US Dollar until 0.7230 when a sudden two-hour surge starting at 0600GMT pushed the rate as high as the 0.7310 mark.
After reaching a two-year low, the US Dollar has been trading sideways for the third consecutive session, thus failing to surpass the 55-hour SMA for most of the time.
AUD/USD was stranded in a narrow range between the 55– and 100-hour SMAs on Monday.
The common European currency continued its surge against the Yen on Monday, being driven mainly by mitigated political risks over the globe.
In line with expectations, the US Dollar surged against the Yen on Monday, resulting in a 117-pip appreciation within one day.
The GBP/USD currency pair was characterised by a lack of volatility on Monday.
The bearish scenario came true on Monday for the yellow metal. The bullion's price fell below the 1,330 mark in the second half of the day's trading session.
The common European currency continued its decline against the US Dollar, as it was expected on Monday.
The massive surge up to the 0.7340 mark that was apparent on Friday was followed by a similar-scale decline.
The US Dollar managed to accelerate against its Canadian counterpart on Friday and consequently confirm a descending channel.