The USD/CAD exchange rate surged mid-Thursday, as the Canadian Dollar continued to depreciate against the US Dollar in the aftermath of comments made by the Governor of Bank of Canada Poloz.
The Aussie edged higher for the sixth day in a row yesterday, easily retaking the 0.77 level, while meeting resistance only around the 0.7725 level.
The Yen managed to outperform the European single currency for the fifth consecutive day on Wednesday, being driven by a spark of risk-off sentiment.
The yellow metal was in the process of breaking through one more resistance cluster on Thursday morning.
A spark of risk-aversion caused the USD/JPY pair edge lower on Wednesday, thus, fully breaking the three-week up-trend.
The Cable remained relatively unchanged on Wednesday, unable to make its way above the 1.23 level, but with the immediate support cluster also limiting the losses.
The common European currency traded slightly lower against the Greenback on Thursday morning.
The New Zealand Dollar extended its gains against the Greenback on Wednesday, as the currency exchange rate faced almost no resistance at the beginning of the trading session.
The US Dollar continued to book losses against the Canadian Dollar, as the currency exchange rate fell for the fifth consecutive trading session by midday on Wednesday.
The boost received from the RBA Meeting Minutes caused the Australian Dollar to reach the first resistance area around 0.77 yesterday, but was insufficient to trigger a sharper rally.
Yesterday the European single currency erased all intraday gains and edged lower for the fourth consecutive day, finding support only in front of the 114.00 mark.
The yellow metal battled resistance on Wednesday morning, as it faced the first weekly resistance level at 1,261.62.
Relatively weak US inflation data yesterday caused the USD/JPY pair to negate all intraday gains and close trade with only a two-pip loss.
The common European currency had remained rather unchanged against the US Dollar on Wednesday morning.
The British currency received a boost from a good CPI reading yesterday, successfully climbing over the 1.23 mark.
The New Zealand Dollar traded higher by midday on Tuesday against the US Dollar, as the markets were expecting new fundamental data for clues on both the Greenback's and Kiwi's strength.
The US Dollar continued the breakout from the triangle against the Canadian Dollar, as the currency exchange rate had touched the 1.3055 mark by midday on Tuesday.
The Aussie managed to trim all intraday losses against the US counterpart yesterday, closing trade with just a four-pip gain.
The EUR/JPY currency pair behaved in accordance with the forecast yesterday, having edged below the 38.20% Fibo level.
Last week has possibly marked a new page for CAD/JPY by breaking the upper trend-line of the 21-month channel down. With 78.54 marking the pair's exit from the pattern, we see a retracement on the menu, possibly reaching the broken trend-line in December or early 2017. A reversal is suggested by the falling wedge on the daily chart as well,
The yellow metal is free from fluctuations above the 1,250 level, above which it had bounced up and down for the past week.
Monday ended with the Cable edging only 27 pips higher, but with risks still skewed to the downside.
Although the US Dollar edged lower against the Yen on Monday, the three-week bullish trend remained intact.
The common European currency moved higher against the Greenback on Tuesday morning, as the currency exchange rate attempted to even break through the resistance put up by the second monthly support level at 1.1026.