The first part of Thursday's trading session was spent with no changes to the overall price level for GBP/USD, as traders were cautious prior to the BOE policy statement scheduled for 1200GMT.
EUR/USD introduced no changes to its overall price level on Thursday, as it remained fluctuating between the 38.20% Fibo retracement and the monthly PP in the 1.2225/89 area.
The New Zealand Dollar continues losing ground against the US Dollar. The pair breached the weekly S2 at 0.7193 by the beginning of Thursday's trading session.
Bulls continue their dominance over the USD/CAD pair. After a short period of consolidation during Wednesday's trading session, the pair continued to rally and moved past the weekly R2 at 1.2559.
The previous expectations for the AUD/USD currency exchange rate has been fulfilled.
As expected, the common European currency continues to decline substantially against the Japanese Yen. The bearish movement is maintaining a smooth channel south.
Downside risks were dominating over the XAU/USD exchange rate on Thursday.
USD/JPY continues to trade in the same for the second consecutive day.
GBP/USD was trading in a calm manner slightly below the monthly PP and the weekly S1 on Wednesday morning.
As previosuly expected, the 55-hour SMA at 1.24 was an unbreakable resistance for EUR/USD which allowed bears to resume dictating the market direction.
The bearish movement continues to prevail against the NZD/USD since late January.
The USD/CAD pair continues to be maintain its movements in the previously described ascending channel.
As expected, the Australian Dollar continued to decline against the US Dollar.
The common European currency is gradually losing ground against its Japanese counterpart.
Gold began Tuesday's trading session in a calm manner, thus fluctuating between the 100– and 200-hour SMAs for several hours.
The US Dollar continued to trade in a short-term ascending channel against the Yen.
The Sterling was fluctuating in a narrow range between the monthly PP and the 38.20% Fibo retracement on Tuesday morning.
EUR/USD demonstrated high volatility in both directions during the previous session, as it was fluctuating within the bounds of 1.2335/1.2419.
The New Zealand Dollar has been depreciating in a descending channel against the US Dollar after it touched the upper boundary of a dominant channel on January 30.
The US Dollar continues its neat journey in the ascending channel against the Canadian Dollar.
The Australian Dollar continues to depreciate against the US Dollar. By the end of Monday's trading session, the pair formed a new low at 0.7836.
The common European currency showed some miraculous decline against the Japanese Yen during Monday's trading session.
After testing the bottom boundary of a two-month ascending channel late on Friday, Gold accelerated against the US Dollar, thus dashing through several important resistance areas, including the weekly PP and the 55– and 100-hour SMAs.
The US Dollar remained stable against the Yen on Monday until strong bearish momentum mid-session took over the market.