The Euro was driven by upside risks on Monday.
As it was expected, the New Zealand Dollar extended its gains until it reached the weekly resistance level against the US Dollar.
Friday's trading session confirmed that the US Dollar is gradually losing strength against the Canadian Dollar. The 55—hour SMA has restricted the pair from making further gains.
Upside movement prevailed during Friday's trading session and thus sent the Australian Dollar rallying against the US Dollar.
The 55– hour simple moving average is preventing the EUR/JPY pair from making further gains as the common European currency continues to trade in a channel down against the Japanese Yen.
The 55-hour SMA was pressuring XAU/USD from the upside for the whole session on Friday.
The US Dollar was fluctuating considerably against the Yen during the previous trading session.
Friday's morning session was spent relatively calm for GBP/USD, as it was restricted from both sides by the 55– and 100-hour SMAs.
The common European currency remained stable against the Greenback on Friday, as it was confined within the bounds of the 32.20% Fibo retracement and the monthly PP at 1.2225 and 1.2289, respectively.
Even though the New Zealand Dollar has increased its trading range against the US Dollar during the previous trading session, the pair failed to make any substantial movement.
The US Dollar has been trading in a channel up against the Canadian Dollar since February 2. After testing its upper boundary on February 6, the pair entered a period of consolidation and has been trading in low volatility.
The Australian Dollar has been confined by a channel down against the USD Dollar since late January.
A strong support cluster near the 132.92 mark, which is made up of the combination of the monthly and the weekly pivot points stopped the decline for the EUR/JPY pair.
As previously expected, the yellow metal was driven by upside risks on Thursday.
USD/JPY spent Thursday's morning in between the bounds of the weekly PP and the 100-hour SMA.
The first part of Thursday's trading session was spent with no changes to the overall price level for GBP/USD, as traders were cautious prior to the BOE policy statement scheduled for 1200GMT.
EUR/USD introduced no changes to its overall price level on Thursday, as it remained fluctuating between the 38.20% Fibo retracement and the monthly PP in the 1.2225/89 area.
The New Zealand Dollar continues losing ground against the US Dollar. The pair breached the weekly S2 at 0.7193 by the beginning of Thursday's trading session.
Bulls continue their dominance over the USD/CAD pair. After a short period of consolidation during Wednesday's trading session, the pair continued to rally and moved past the weekly R2 at 1.2559.
The previous expectations for the AUD/USD currency exchange rate has been fulfilled.
As expected, the common European currency continues to decline substantially against the Japanese Yen. The bearish movement is maintaining a smooth channel south.
Downside risks were dominating over the XAU/USD exchange rate on Thursday.
USD/JPY continues to trade in the same for the second consecutive day.
GBP/USD was trading in a calm manner slightly below the monthly PP and the weekly S1 on Wednesday morning.