Since previous Friday, the EUR/USD pair has been hovering inside the narrow 50-pip range between two levels, namely 1.1550 and 1.16.
The NZD/USD tumbled even further, letting the NZD to depreciate versus its counterpart for about 73 pips.
The USD/CAD pair hiked another 200 pip higher from the previous close at 1.211.
The AUD/USD rebounded from the previous day close at 0.817 and met the Bollinger band at 0.824.
The EUR/JPY struggled to surpass the weekly PP at 137.229 and slid lower, close to the October 2014 low at 135.586.
As it was expected, XAU/USD's bulls managed to accumulate enough momentum in order to gain significant value during trading on Tuesday.
Though USD/JPY managed to settle above 118 yesterday, at the moment the currency pair is under strong selling pressure after a test of the monthly pivot point at 119.
GBP/USD quickly erased Monday's losses as soon as it touched upon the weekly S1 at 1.5050.
For a fourth day in a row the EUR/USD pair is swinging between gains and losses, waiting for some impetus to come and push the cross in some direction.
The NZD/USD pair dived 100 pips lover during the day.
The USD/CAD pair surpassed the major resistance levels, breaking even the weekly R1 at 1.208 for a moment.
The AUD/USD broke the weekly PP support at 0.819 and continued its way down, trading neat the 20– day SMA at 0.815.
The EUR/JPY respected Tuesdays' white candle and let the Euro to appreciate versus its counterpart.
On Monday, gold continued to be rather well supported by the long-term downtrend line which takes its beginning point in July 2014.
Although the resistance at 118 was seen as capable of preventing a rally, USD/JPY is currently eroding the resistance created by the 55-day SMA,
Having breached the monthly S3, the Cable keeps slowly grinding lower, and it may soon reach 1.50.
EUR/USD has finally added some value after major losses that took place during several consecutive days in a row.
The NZD/USD pair shot higher in earlier Monday sessions but lost 33 pip during the day.
The USD/CAD pair touched the weekly PP at 1.194 and rebounded a little from the level, up to the last Friday open.
Monday sessions showed mild trading moves of only about 50 pips of volatility.
The EUR/JPY started the new week by slipping lower from the last weeks' close at 136.076.
On Friday, XAU/USD cross surged noticeably for a second consecutive day in a row, as the price of metal added around $20 per ounce to approach monthly R2 and close the trading session at $1,280.
Though the US Dollar strengthened on Friday, the currency does not seem ready to push through the supply at 118, represented by the weekly pivot point and 55-day SMA.
GBP/USD has once again broken the farthest monthly support at 1.5145, implying the bias is to the downside.