The US Dollar appears to be reluctant to fall below the 106.00 major level, as most losses keep getting erased once the exchange rate approaches the May low of 105.55.
Yesterday weak UK CPI data, as well as the concerns over the upcoming EU referendum, caused the GBP/USD currency pair to close with a 155-pip loss.
The bullion scored gains for the fifth consecutive trading session on Tuesday, as it ended day's trading at 1,285.93.
Ignoring Monday's gains, the European currency depreciated against the US Dollar on Tuesday and fell to the level of 1.12.
A decline of oil prices on Monday caused the Loonie to negate all gains and give the US Dollar the upper hand. The pair climbed back above the 1.28 level, making it the third consecutive rally.
As was anticipated, the AUD/USD currency pair remained stuck in a tight range, namely between the monthly PP from below and the 100-day SMA and the weekly PP from above.
The NZD/USD pair experienced another setback in its newly-arisen medium-term bearish trend, as it edged slightly higher on Monday.
The European single currency managed to recover from its intraday low against the Yen yesterday and, as a result, closed on top of the monthly S2.
The US Dollar edged lower against the Japanese Yen, as risk aversion was dominating the markets on Monday and, as a result, drove the pair almost to the 106.00 level.
On Monday profit-taking caused the GBP/USD currency pair to recover from its intraday low, but it was still unable to reclaim the 1.43 major level.
The yellow metal had been gaining strength for almost a solid week since June 7, and it seemed that the bullion is about to reach the 1,300 mark this week.
The Euro dropped to 1.1233 on Monday against the US Dollar. However, the currency exchange rate managed to recover and end the day' trading session at 1.1290.
The NZD/USD currency pair's slump on Friday caused the ascending channel pattern to be preserved, with its resistance line remaining intact.
The American Dollar was able to outperform the Canadian Loonie, as falling oil prices provided the pair with an opportunity to appreciate.
A decline in oil prices caused the Australian Dollar to edge lower against the US counterpart, but with the monthly PP once again providing substantial support.
Friday ended with the European currency slumping against the Japanese Yen, therefore, breaching the falling wedge pattern to the downside, rather than the upside.
The bullion continued its surge on Friday, as the yellow metal gained strength and the price changed from 1,268.61 to 1,272.83.
As was anticipated the USD/JPY currency pair kept gravitating towards the 107.00 major level on Friday, unable to close far away from that area and, as a result, remained relatively unchanged.
The Sterling was unable to preserve the ascending channel pattern last Friday, as it unexpectedly dropped more than 275 pips against the US Dollar, with the decline triggered by the ‘Brexit' polls, showing that majority was voting to leave the EU.
The Euro depreciated against the US Dollar on Thursday and Friday falling to the level of 1.125, which is almost halfway down to the level of 1.115, at which the currency exchange rate was before the disappointing US non-farm payrolls numbers came out and sent the pair upwards.
Despite the New Zealand Dollar opening with a bullish gap on Thursday, it was unable to climb significantly higher against the US Dollar, also unable to pierce the ascending channel's resistance line.
The USD/CAD has entered what looks like a consolidation period, as Thursday's recovery is considered to be a mere setback in the pair's bearish trend.
The Aussie appears to have reached the peak of its recovery in face of the 55-day SMA, as the AUD/USD pair lost the bullish momentum yesterday, having suffered a 42-pip decline.
As was expected, the EUR/JPY cross partially recovered from its intraday low yesterday, therefore, closed above the falling wedge's support line.