After falling majorly against the Canadian Dollar the US Dollar has found support in the lower trend line of the long term ascending channel on Thursday.
The Aussie was appreciating steadily against the US Dollar during the morning session before plunging as low as 0.7460.
The Euro started today's trading session with strong appreciation against the Yen.
As the FOMC Meeting Minutes did not change the opinion of the market participants in regards to US rate hikes this year, the bullion began to regain previously lost ground.
On Thursday morning the common European currency was continuing the surge against the US Dollar.
The US Dollar weakened against the Yen on Wednesday, but managed to avoid serious losses by closing at 111.50.
Even though the Cable failed to behave in accordance with expectations yesterday, the consolidation trend still remained intact.
During the first half of Wednesday's session the Kiwi had marked a green candle against the US Dollar.
By the middle of Wednesday's trading session the market expectations for the FOMC Meeting Minutes could also be seen on the USD/CAD currency exchange rate.
The strong upside momentum affecting AUS/USD on Tuesday's session did not persist, demonstrating the equal buyer/seller proportion in the market.
The lack of strong market movers in the morning session has resulted in the European common currency trading in a low range, thus being stranded between the weekly PP at 124.36 and a resistance cluster formed by the upper Bollinger band and the weekly R1 circa 126.16.
The yellow metal's price remains above the 1,250 mark, as the strong support cluster just below that level holds its ground.
The USD/JPY pair edged higher yesterday, but managed to overperform, as it breached the immediate resistance area.
The GBP/USD currency pair weakened on Tuesday, resulting in the consolidation trend's preservation.
After a retreat back below the 1.12 mark during the second half of Tuesday's trading session the EUR/USD currency exchange rate has retreated below a significant resistance.
The recent movements on the NZD/USD pair are most likely fundamental.
By the middle of Tuesday's trading session the US Dollar continued to lose value against the Loonie, as the pair fell below a significant support level.
The Aussie continues to trade higher against the Greenback, demonstrating that the channel down in force since mid-March is no longer valid.
The first half of this session was characterized by EUR/JPY being at equilibrium.
During the early hours of Tuesday's trading session the yellow metal's price fluctuated near the 1,260 mark without a clear direction.
The USD/JPY pair has been trading rather calmly since last week's sharp decline, managing to retain its positions above the 111.00 major level.
Monday ended with the Sterling remaining completely unchanged against the US Dollar, with the pair attempting to return into its consolidation trend's borders.
After the fundamental move of the Euro against the US Dollar, which broke the medium term ascending channel pattern, the currency exchange rate continued to trade near the 1.1250 mark on Tuesday morning.
Since January 31 the NZD/USD currency exchange rate has been going lower by being pushed by a resistance put up by a long term down-trend line.