By the middle of Wednesday's trading session the US Dollar had reached a vital point against the Canadian Dollar.
Better-than-expected Australian q/q GDP early in the morning resulted in the Aussie surging 38 pips up to the 0.7539 mark.
The second half of Tuesday's trading session may be characterised by a consolidation phase, as EUR/JPY fluctuated around the 20-hour SMA and the weekly S1 at 123.39.
On Wednesday morning the yellow metal was in a decline down to the 1,290 mark.
The USD/JPY pair behaved in accordance with expectations yesterday, being that the monthly S1 at 109.22 was the level that managed to prevent the pair from edging lower.
The Cable experienced minor volatility on Tuesday, with the exchange rate mostly gravitating towards the monthly pivot point.
During the early hours of Wednesday's trading session the common European currency remained below the 1.13 mark against the US Dollar.
The only yesterday described pattern on the NZD/USD currency pair has already been broken.
As it can be seen on the chart, the US Dollar failed to score additional gains on Monday against the Canadian Dollar.
Contrary to expectations, AUD/USD did not halt near the 0.7480 level but continued to appreciate, forming a minor resistance area at the 0.7496 mark.
After reaching the 20-hour SMA at 124.42 in the first hours of today's trading session, EUR/JPY was guided by strong downside risks, resulting in the pair dashing through four support levels, namely, the 38.2% and 23.6% Fibo, the monthly PP at 123.90 and the weekly S1 at 123.39.
Positions Today Yesterday % Change Longs 50% 51% -2.00% Shorts 50% 49% 2.00% Indicator 4H 1D 1W MACD
Positions Today Yesterday % Change Longs 49% 47% 4.08% Shorts 51% 53% -3.92% Indicator 4H 1D 1W MACD
Positions Today Yesterday % Change Longs 52% 51% 1.92% Shorts 48% 49% -2.08% Indicator 4H 1D 1W MACD
Positions Today Yesterday % Change Longs 40% 40% 0.00% Shorts 60% 60% 0.00% Indicator 4H 1D 1W MACD
By the middle of Monday's trading the New Zealand Dollar had revealed additional information regarding its future moves against the US Dollar.
By having only one glance at the hourly chart of the USD/CAD currency exchange rate, it can be observed, that the currency pair is trading in an ascending channel pattern.
EUR/JPY has been trading in a downward-sloping wedge in force since mid-May.
AUD/USD is trading in a descending wedge pattern valid since early February.
The yellow metal traded above a significant level of support on Monday morning, as the commodity price was located above the 1,280 level.
The Buck's attempts to appreciate against the Yen at the end of the previous week were in vain, as downbeat US NFP data caused the given pair to erase all of that week's gains.
Friday ended with the Cable edging moderately higher, amid the disappointment brought by the US NFP data.
After scoring major gains against the US Dollar during the second half of Friday's trading session the common European currency had retreated on Monday morning.
On Friday the New Zealand Dollar managed to surge against the Greenback until it finally encountered a strong enough resistance level to put the ascent of the pair to a stop.