Following unexpected gains on Monday, Gold jumped out of the month-long pattern once again, proving it to become irrelevant for future movements.
Despite the USD/JPY pair being supported by a strong demand area, bears still managed to push the pair lower on Monday.
EUR/USD surprised with a second consecutive green candle Tuesday morning, after posting a one percent gain on Monday.
The British currency set off with a strong rally against the US Dollar this week, having not only retaken the 1.26 major level, but also having put the 1.27 mark to the test.
Even though the New Zealand Dollar edged lower against the US Dollar last Friday, its performance is quite similar to the Aussie's today.
The USD/CAD currency pair ended the previous week with a small decline, remaining below the 1.32 level.
For another day the Aussie remained relatively unchanged against its US counterpart on Friday, having lost only 11 pips.
Having reached the ascending channel's support line, the EUR/JPY cross managed to rebound on Friday, therefore, preserving the ascending channel pattern.
Gold returned inside of the channel down pattern it had exited the sessions before, and opened with a red candle Monday morning.
Friday ended with the Greenback posting solid gains versus the Japanese Yen, with the 115.00 level being easily overcome, as the 114.50 psychological resistance failed to limit the gains.
At the end of the previous week the British Pound continued to weaken against the US Dollar, but with the 1.2550 level still providing sufficient support and limiting downside volatility.
While still remaining its track towards the bottom boundary of the senior three-month channel, EUR/USD posted a green candle Monday morning.
The New Zealand Dollar remained relatively unchanged against the US Dollar on Thursday, having added only six pips over the day.
Another day ended with the Canadian Dollar posting gains against the US counterpart yesterday, with the immediate support cluster managing to limit the losses.
The AUD/USD currency pair remained within the borders of the weekly and the monthly PPs yesterday, having experienced another small decline.
The European single currency failed to post gains against the Japanese Yen on Thursday, as risk-aversion mood suddenly emerged.
Gold opened Friday's session facing the established level of significance at 1,169.10 which leaves little to the broken upper trend-line of the monthly channel.
The US Dollar surprised with its performance on Thursday, as it inched higher against the Japanese Yen unexpectedly.
For the third consecutive day the Sterling declined against the American Dollar on Thursday, despite initial signs suggesting a rally.
After posting a 2.5% red candle on Thursday, EUR/USD opened non-volatile and slightly reddish.
The RBNZ Governor's statement strengthened the New Zealand Dollar yesterday, allowing it to add 47 pips against the Greenback.
The Loonie strengthened against its US counterpart yesterday, completely ignoring the immediate support cluster.
The AUD/USD currency pair surprised with its performance on Wednesday, as it completely recovered from its intraday low and even erased Tuesday's losses.
Since the EUR/JPY cross failed to climb over the weekly R1 and remained relatively unchanged on Wednesday, there are doubts the given pair can successfully breach this level today.