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.
A considerable plunge of the EUR/USD pair continued back on Friday.
The NZD/USD pair bears moved the market to the downside, below the 55– day SMA at 0.779 level.
The USD/CAD pair ticked 81 pips higher from the previous close, but slid back to trade near the weekly R2 at 1.198.
Friday trades pressured the AUD/USD lower from the previous day close at 0.822.
The EUR/JPY managed to mildly cover some previous losses by rebounding from the weekly S3 at 135.029.
The yesterday's unexpected action of the SNB to decrease a deposit rate further to -0.75% and give up the franc's cap drove Gold considerably to the north.
USD/JPY has reached an important level that, if violated, can lead to a sharp move south.
As it turned out, the Pound failed to extend the rally from the monthly S3 and instead negated most of the Wednesday's gains.
Following a decision of the Swiss National Bank to abandon the 1.20 limit of EUR/CHF, the EUR/USD pair crashed noticeably on Thursday to reach the lowest level in nine years.
The pair regained all the previous losses, letting the NZD to depreciate versus the US counterpart up to the 100– day SMA at 0.789 at the daily chart.
The bullish market participants are constantly trying to bring the USD/CAD pair lower.
The market shoved at leas some move today, moving the pair for 145 pip above the last close.
The pair met another support at the weekly S3 at 135.02 level.
For the second consecutive day Gold is showing almost the same tendency in terms of overall movements of the price.
USD/JPY settled beneath the 23.6% Fibo and 55-day SMA yesterday, suggesting the US Dollar is likely to weaken more before the bulls regain control of the market.
Having gained a solid foothold above the monthly S3, the Sterling carried on with the bullish correction, winning more than 70 pips against the Dollar.
Even though the overall daily change was rather small, EUR/USD pair showed one of the biggest volatilities at least during last seven days.
It looks like Wednesday was rather quiet for most of the case since the pair closed at the same level from the previous day at 0.768.
The USD/CAD pair fluctuated a little during the Wednesday, however, stayed generally unchanged from the last day close at 1.1956.