The Kiwi rebounded on Tuesday, but failed to erase Monday's loss. As the weekly PP has proven itself as a weak level, the NZD/USD pair easily pierced through it and settled at 0.7547.
Yesterday the USD/CAD pair plunged, as a supply area created by the trendline and weekly PP proved to be strong enough to turn the pair around.
The Aussie made up for poor performace on Monday, as the currency climbed even higher than expected. The AUD/USD pair went through the monthly PP and 20-day SMA, before it settled just under the weekly PP at 0.7819.
The pair erased Monday's gains and edged slightly lower. The EUR/JPY cross stumbled down to 133.80 after encountering a cluster of resistances around 134.32, thus the support level at 133.20 was left untouched.
Despite strong Gold price's fluctuations on Tuesday, the metal registered only a marginal daily change.
USD/JPY pair bounced back on Tuesday after a three-day rally.
Sterling keeps surprising with its behaviour, as the currency edged down again on Tuesday.
For a fourth consecutive day EUR/USD is posting no considerable daily changes in its value.
In spite of bullish signs, the NZD/USD started the trading week with a plunge. The Kiwi opened trade at 0.7552 and went through the weekly PP level, which failed to stop the pair.
The US Dollar's behaviour was quite predictable, as it performed exactly according to the forecast. USD/CAD grew on Monday, but met resistance as it reached the trendline at 1.2535.
The AUD/USD pair continues to trade withing the borders of the downtrend channel. Yesterday the Aussie plunged, ignoring the 20-day SMA and monthly PP.
On Monday the Euro appreciated against the Japanese Yen for the second day in a row.
On Monday, two simple moving averages (20 and 100-day) came together in order to push the precious metal considerably to the downside.
The Greenback appreciated versus the Japanese Yen yesterday.
Indeed, the GBP/USD pair declined over Monday, but not as much as expected.
EUR/USD stays broadly stable for a third day in a row.
Last Friday New Zealand Dollar rebounded, but, as anticipated, was unable to pierce the weekly R1. Eventually, the NZD/USD pair settled at 0.7558.
After a formidable rebound, the USD/CAD pair slightly dropped. The Greenback also appears to have entered a downtrend against its Canadian counterpart.
Following a sharp fall on Thursday, the Aussie managed to gain some value last Friday. However, AUD/USD edged up only nine pips before it met resistance.
After a rather sharp decline the Euro managed to regain some ground, but was unable to breach the weekly S1 at 133.86.
It seems that a major round level of 1,200 succeeded in providing Gold with considerable bullish momentum.
USD/JPY extended its gains last Friday, but added only 17 pips.
GBP/USD rebounded a bit after a sharp fall on Thursday.
After a sharp drop amounted to 160 pips on Thursday, the shared currency stabilised a day later.