Mostly positive US fundamentals caused the AUD/USD currency pair to fall towards the nearest support area yesterday, where the Bollinger band coincides with the monthly S1.
On Wednesday the EUR/JPY pair managed to reach the expected target, but trimmed most of its gains, as the immediate resistance was too tough to pierce.
Bearish traders attempted to prolong a correction as lower as possible yesterday, but they met a tough support in face of the weekly pivot point at 1,272.92.
Upbeat US Services PMI data caused the Greenback to outperform the Japanese Yen on Wednesday, but with the exchange rate unable to move over the 107.00 psychological level.
Despite a weak reading of the US ADP Non-Farm Employment Change yesterday, the Cable still edged lower, but managed to close on top of the 1.45 major level.
Yesterday's trading conditions were light, even despite broad presence of important US statistics including the first insight into labour market's performance in April.
The New Zealand Dollar plunged against the American one on Tuesday, driven not only by falling oil prices, but also by rising unemployment rate in New Zealand.
Yesterday's sharp decline of oil prices caused the Canadian Dollar to experience a substantial sell-off, allowing the US Dollar to reach the highest level in almost two weeks.
The unexpected RBA's interest rate cut yesterday caused the Australian Dollar to severely weaken against its US counterpart and even breach the rising wedge pattern to the downside.
The Euro remained relatively unchanged against the Japanese currency on Tuesday, failing to fall back towards the 122.00 major level.
The bullion failed to set another 15-month record yesterday, after American session was largely marked by the Greenback's rebound.
The USD/JPY currency pair remained relatively unchanged for the second day yesterday, having inched only 17 pips higher.
The British Pound retreated from its intraday gain on Tuesday, weakened by the UK Manufacturing PMI, with price ultimately closing with a 138-pip loss.
First part of Tuesday was distinctly bullish for the Euro, as this currency skyrocketed to another multi-month high above the 1.16 mark.
Due to a poor reading of the US Manufacturing PMI, the New Zealand Dollar outperformed the American Dollar, having added almost 45 pips yesterday.
The US Dollar continued to decline against the Canadian currency for the fifth consecutive time yesterday, but managed to remain above the 1.25 mark.
The AUD/USD currency pair managed to preserve the rising wedge pattern yesterday, as the exchange rate surged above the immediate resistance cluster.
Not only did the European single currency appreciate against the Japanese Yen on Monday, but also erased Friday's losses completely.
The winning streak of gold futures tried to extend as far as 1,304 on Monday, but the bears regained momentum by the end of US trading and closed the spot below the vital 1,300 mark.
Even though the Greenback managed to edge higher against the Yen yesterday, thus, confirming the bullish recovery, but gains accounted for only 20 pips.
On Monday the Sterling managed to prolong its bullish momentum and post rather solid gains against the US Dollar.
Weakness of the Dollar transferred to the new working week, as another piece of soft North American data pushed EUR/USD beyond 1.15.
The Greenback remained completely unchanged against its Canadian counterpart at the end of the previous week, although the 1.25 was put to the test.
The EUR/JPY currency pair edged lower for the second time on Friday, having plunged under the 122.00 major level.