The US Dollar traded above the 1.3050 mark by mid-day on Wednesday against the Canadian Dollar, as it found support, as expected, near the 1.30 level.
On Wednesday the New Zealand Dollar was in a retreat against the US Dollar, as the currency exchange rate had touched the 0.7260 mark by the middle of the day's trading.
The AUD/USD currency pair ended the day in the green zone yesterday, putting the resistance trend-line at 0.76 to another test, resulting in an additional confirmation of the line.
The EUR/JPY cross was rather volatile on Tuesday, but trade still closed with just a six-pip rally.
Regardless of the fundamental nature of the EUR/GBP movements, the pair has shown some pronounced technical characteristics over the last couple of months and when it comes to the outlook for the nearest future, some overwhelming signals lead the trend- or rather speak out against current directional risks. Weekly Chart While the pair has been trading healthily inside of the pitchfork of
After reaching the 1,215 mark during Tuesday's trading session, the yellow metal began a retreat, which continued to last into Wednesday's trading.
The Greenback experienced another leg down yesterday, having once again lost nearly 100 pips against the Japanese Yen.
The GBP/USD pair managed to erase most of Monday's losses yesterday, but with the 1.26 mark once again providing sufficient resistance, preventing the Cable from edging further up.
During the early hours of Wednesday's trading session the common European currency was still in a retreat against the US Dollar.
The New Zealand Dollar managed to rally and surge against the US Dollar in the second half of Monday's trading session, and the surge continued into the first half of Tuesday's trading.
The US Dollar depreciated against the Canadian Dollar by the middle of Tuesday's trading session, and the currency exchange rate was positioned for additional losses.
The risk-off sentiment was the main driver on Monday, causing the European single currency to suffer relatively serious losses against the Japanese Yen, registering the largest decline in at least seven weeks.
The AUD/USD currency pair managed to avoid serious losses on Monday, despite experiencing rather strong downside volatility.
The yellow metal continues to surge, as political uncertainty increases demand for a safe haven investment.
Risk-aversion kept driving the markets yesterday, causing the US Dollar to lose nearly 100 pips against the Yen.
The British currency sustained further losses against the US Dollar on Monday, with the immediate demand area around 1.2515 failing to limit the losses.
On Tuesday morning the EUR/USD currency exchange rate remained rather flat just below the weekly PP, which is located at 1.0709.
The New Zealand Dollar continued its decline against the US Dollar during the first half of Monday's trading.
The US Dollar scored minor gains against the Canadian Dollar in the first half of Monday's trading session, as the currency exchange rate was squeezed in between levels of significance.
The Euro pushed further, successfully climbing over the 123.00 yen level on Friday, but still unable to touch the resistance line at 123.50.
The Aussie barely managed to post any gains on Friday, having added just 14 pips against the US counterpart.
EUR/PLN reached for 2011 highs of 4.5360, but fell short of momentum and managed to get as high as 4.5037 over the last year. The pair attacked the area twice and failed both times, forming a set of various patterns, but not a double top. Large-scale patterns are mostly bullish, while the daily chart shows that supply has taken over. Weekly
The yellow metal began the week higher due to US Dollar weakness. The fall in the Greenback during the weekend was caused by uncertainty caused by US politics.
In spite of a weaker US GDP reading on Friday, the Greenback still managed to outperform the Japanese Yen, successfully reclaiming the 115.00 level.