Even though the US Dollar tried to recover some of its lost positions against the Loonie during the second part of Monday, bears continued to push the pair lower.
The Australian Dollar breached a three-month descending channel on Monday.
EUR/JPY was trading sideways just below the 134.00 mark during the first half of Monday.
As it was anticipated, yesterday's trading session the exchange rate spent in a flat movement between support and resistance zones located at the 1,270 and 1,275 marks.
As it was suggested yesterday, the currency exchange rate made a fully-fledged breakout from a rising wedge formation after encountering strong resistance posed by the 50% Fibonacci retracement level at 113.00.
In general, previous trading session the currency rate spent moving downwards, as expected. Apart from rebound from the two month maximum at 1.3550, the drop was driven by anxiety over affirming vote on tax bill as well as new report that no agreement on Brexit has been reached yet.
Despite positive sentiment related to successful vote on tax bill by the US Senate, the pair both started and ended the day near the 1.1870 mark.
After testing the 0.6820 mark early on Friday, the prevailing upside risks pushed the New Zealand Dollar for a 78-pip appreciation against the US Dollar.
The massive plunge which was caused by the Canadian GDP and employment data releases mid-Friday was followed by a subsequent movement downwards.
The steady movement sideways which was apparent in the market last week was disrupted mid-Friday when the Australian Dollar surged up to the weekly R1 at 0.7625.
The common European currency was dominated primarily by bears on Friday.
In full accordance with expectations, in first half of the previous trading session the buck continued to trade against the gold in a limbo between the 1,270.50 and 1,276.70 marks that were located just above the lower trend-line of a large dominant ascending channel.
An announcement made by General Flynn that led to rapid sell-off of the buck against all major currencies perfectly matched with a breaking point of a readjusted rising wedge formation.
As it appears from hourly chart, the 1.3550 mark signified the two month maximum that the cable could not surpass.
On Friday, the pair fluctuated quite intensively amid contradicting reports that the US Senate is ready to vote for tax reform, while General Flynn pledged guilty to lying to the FBI.
The general direction of the New Zealand Dollar during the previous session was tended south.
As apparent on the chart, bears were dominating the market during the past 24 hours.
The second half of Thursday's session was relatively calm for the Australian Dollar, as the pair was fluctuating near the lower boundary of a two-week channel.
The common European currency was driven by substantial upside risks on Thursday, as it appreciated 121 pips during the given session.
Formation of a minor pennant pattern, indeed, pushed the further downwards. However, the bottom edge of a junior ascending channel was expected to withhold the pressure.
Unfortunately, neither existence of a rising wedge formation, nor the weekly R1 or the 50% Fibonacci retracement level stopped the rate from breaking to the top.
In accordance with expectations, in first half of previous trading session the cable made a minor pull back to 1.3440 and then resumed the surge.
In line with expectations, in first half of previous trading session the pair slipped to the bottom and, after finding support at the 200-hour SMA that was located slightly above the lower trend-line of a junior ascending channel, resumed an active surge.
Following a reversal from the weekly R1, NZD/USD began moving lower and consequently breached a two-week ascending channel.