USD/CAD dropped after worse-than-expected US data on Monday. The US Dollar tested a group of supports around 1.2730, before settling at 1.2770.
On Monday, the Kiwi surged , as well as every major currency paired with the Buck, after the disappointing US fundamentals. The New Zealand Dollar attempted to erase last Friday's losses, but failed.
Yesterday the currency pair benefited from poor US fundamentals. AUD/USD added 18 pips, but resistance near 0.7650 turned out to be a formidable opponent, and the trading day ended with the price stopping at 0.7637.
The Euro started this week with a climb against the Yen. EUR/JPY rose beyond the monthly S3 and even tested the weekly PP at 128.71.
Broadly speaking, the yellow metal has been unchanged for a fifth consecutive day in a row.
Even though the US Dollar edged down against the Japanese Yen yesterday, the losses were insignificant.
The Sterling did not meet the expectations and climbed up instead of falling further on Monday, amid the poor US data.
On Monday, the Euro has partly erased losses it accumulated during Friday.
The New Zealand Dollar tumbled down on Friday, but not as much as expected. The pair failed to reach the closest support level and ended the trading day at 0.7336.
USD/CAD overperformed at the end of the previous week, as the Buck pierced through the nearest resistance levels.
At the end of the last week, the currency pair slumped more than anticipated; however, Thursday's gains were not completely extinguished.
EUR/JPY plunged last Friday, topping previous day's gains. The weekly S2 failed to provide the needed support and, as a result, the single currency fell deeper, towards the monthly S3.
Being supported by the 20-day SMA, the yellow metal managed to register its first increase in price in nine trading days on Friday.
On Friday, the US Dollar failed to erase Thursday's losses, as the Buck only slightly edged up during the last trading day of the week.
Last Friday, the GBP/USD pair dropped further down for the fourth consecutive day.
During last day of the previous working week, EUR/USD resumed its bearish trend and lost more than 100 pips during the trading session.
The Kiwi behaved according to the forecast yesterday. The currency climbed up versus the Greenback and even tested resistance around 0.7445.
The US Dollar tumbled against its Canadian counterpart on Thursday due to poor US Retail Sales figures. USD/CAD managed to erase Wednesday's gains and edged down a little bit more.
The Aussie managed to erase the losses for the previous two days during Thursday. The AUD/USD pair gained 111 pips, amid worse-than-expected US Retail Sales data release.
A slight rebound in the Euro took place yesterday. The initial resistance level at 128.44 was easily pierced, while the second level around 129.75 was not even reached.
The longest streak of losses for Gold in 17 years was set on March 12, 2015.
The Greenback failed to meet expectations, as it slid yesterday after poor US retail sales data.
On Thursday, the Sterling sedged down versus the Buck. Although the GBP/USD pair failed to reach the 2013 low, half of the road has been already covered, as the Sterling ended the trading day at 1.4882.
On Thursday, the Euro rebounded versus the US Dollar as the pair returned above 1.06 round level.