The Kiwi surged higher against the US Dollar on Friday, as some analysts explained it with profit taking.
The US Dollar slightly depreciated in the first half of Friday's trading session against the Canadian Dollar, as the currency exchange rate mostly fluctuated between the weekly PP at 1.3500 and the old large scale pattern's upper trend line, which recently has been providing support to the pair.
The Aussie managed to edge higher against the US Dollar for the third day this week, but the immediate resistance area still proved to be too difficult to pierce.
On Thursday the European single currency once again appreciated against the Japanese Yen, therefore, breaching the three-year down-trend.
The USD/JPY currency pair behaved in accordance with expectations on Thursday, having successfully retaken the 113.00 level and leaving the immediate resistance area intact.
The common European currency appreciated on Friday morning against the Greenback, as the pair jumped above the 1.0550 level and aimed for the next resistance.
On early Friday morning the yellow metal fluctuated slightly lower during the first hours of trading.
The British currency barely managed to post gains against the US Dollar, but with the immediate support cluster proving its strength once again.
By mid-day on Thursday the NZD/USD exchange rate had dropped below the 0.7 level.
The US Dollar continued its surge against the Canadian Dollar on Thursday, and by mid-Thursday the rate faced the resistance put up by the weekly PP at 1.3500.
As was anticipated, the Aussie lost some value against the American Dollar, barely managing to pierce the immediate support.
Yesterday the Euro appreciated against the Japanese Yen slightly more than expected, having breached the ascending channel's resistance line and put the three-year down-trend to the test.
As our team has been forecasting for the whole past week, the yellow metal reached the 1,200 mark.
Wednesday was a rather productive day for the USD/JPY currency pair, being that it rallied more than 100 pips and, thus, preserved the ascending channel pattern.
In spite of extremely good US Durable and Core Durable Goods Orders readings, the Cable still managed to erase all intraday losses and end the day with a 21-pip surge yesterday.
The common European currency depreciated against the US Dollar on Thursday morning, as the currency exchange rate fluctuated above the 1.0520 mark.
The New Zealand Dollar retreated by mid-Wednesday against the US Dollar, as the currency exchange rate fell and traded just above the 200-day SMA.
The US Dollar appreciated against the Canadian Dollar by mid-Wednesday, as the currency exchange rate had bounced above the 1.3450 level by the middle of the day's trading session.
For the second day in a row the Australian Dollar outperformed the US Dollar, having also retaken the 0.74 major level.
Even though the European single currency appreciated against the Japanese Yen for another day yesterday, the immediate resistance area still limited those gains, preserving the ascending channel pattern.
EUR/SGD still trades inside of the nine-year channel down pattern, but gives signals of a reversal in the nearest future. Firstly, the pair has touched the upper trend-line of the channel three times over the last couple of years and has failed to slump back down towards the bottom trend-line for four years already. Secondly, the pair has just exited
On Wednesday morning the yellow metal traded just below the weekly PP, which is located at 1,214.32.
The American Dollar barely managed to post any gains yesterday, but, nonetheless, succeeded in climbing over the 111.00 psychological level.
On Tuesday the GBP/USD currency pair weakened once again, but this time with the support cluster around 1.24 limiting the losses.