The US Dollar had slowed down its surge against the Canadian Dollar by the middle of Wednesday's trading session.
The weakening commodity prices and strong Greenback are pushing the Aussie towards its 3-month low near 0.7478.
The substantial price increase on Tuesday's trading session was stopped by the 23.6% Fibo.
The yellow metal's price has reached the second weekly support, which is located at the 1,263.56 level.
Yesterday the Buck slightly exceeded expectations, as it managed to appreciate beyond the 111.00 level against the Japanese Yen.
On Tuesday, the Cable behaved in accordance with expectations, having appreciating, but with the 1.2850 psychological level limiting the intraday gains.
On Wednesday morning the common European currency had reached the 1.0950 mark against the US Dollar.
By the middle of Tuesday's trading session the New Zealand Dollar had lost all gained ground since April 11 against the US Dollar.
Due to fundamental reasons the Greenback was reaching for the 1.36 mark against the Canadian Dollar during the first half of Tuesday's trading session.
Despite having strong downside volatility, the Aussie managed to close above the 20-day SMA on Monday.
The confidence in the European common currency continues to increase, as EUR/JPY managed to dash through the 55-day SMA, the weekly R2, the 38.2% Fibo and the monthly PP in the first half of today's trading session.
During the early hours of Tuesday's trading session the yellow metal's price declined.
The Greenback underwent a corrective decline on Monday, but the losses against the Yen slightly exceeded expectations, as trade closed below the 110.00 major level.
As was anticipated, the Sterling began the week on the back foot, having lost 45 pips against the US Dollar yesterday.
The common European currency remained almost unchanged on Tuesday morning against the US Dollar, as the currency exchange rate traded near the 1.0860 mark.
During the first half of Monday's trading session the Kiwi was in a retreat against the US Dollar.
By the middle of Monday's trading session the US Dollar remained almost unchanged against the Canadian Dollar below the 1.35 level.
Uncertainty in the commodity market has had negative effect on the Australian Dollar.
The encouraging results of French election on Sunday increased confidence in the Euro, as the pair's opening price was set at the 100-day SMA
On Monday morning the yellow metal was recovering after the low opening and fall caused by the French presidential election.
The USD/JPY currency pair remained relatively unchanged on Friday, retaining its position above the 109.00 mark.
Downbeat UK Retail Sales were unable to relieve the British Pound of its strength, as it erased all intraday losses and held its positions above the 1.28 against the US Dollar on Friday.
Due to the French election induced certainty in the Euro the EUR/USD currency exchange rate began the week at 1.0923, which is almost 200 base points higher than the Friday's closing price.
By the middle of Friday's trading session the NZD/USD currency exchange rate remained close by to the 0.70 level, where it began the session.