XAU/USD was not an exception for the strong appreciation of the US Dollar in the wake of solid employment data.
Friday morning was characterised by a lack of distinctive movement for the USD/JPY pair, as the rate remained in a relatively small range.
The GBP/USD currency pair started Friday's session rather calmly, being supported by the 200-hour SMA near 1.32.
Following the massive plunge mid-Friday, EUR/USD breached two patterns simultaneously, namely, an ascending wedge and a longer-term channel up.
Positions Today Yesterday % Change Longs 28% 28% 0.00% Shorts 72% 72% 0.00% Indicator 4H 1D 1W MACD
As the US employment data set was released the US Dollar jumped against the Canadian Dollar. However, by previously judging the technical charts, the move was already expected.
The Australian Dollar was making one attempt after another to pierce the weekly pivot points resistance against the US Dollar at the 0.7977 level.
As it was expected, the common European currency passed the junior support of the previously active ascending channel pattern against the Japanese Yen.
Yesterday the pair, indeed, made an attempt to return into preceding ascending channel.
Unfortunately for the Greenback, none of the US macroeconomic data released yesterday did not justify analysts' expectations.
In line with expectations, an announcement of the UK Official Bank Rate and the following Governor Carney's press-conference have heavily affected value of the given currency pair.
Second half of the previous trading session the currency exchange rate spent in an expected advance towards the closest resistance level formed by the weekly R2 at 1.1878.
The NZD/USD currency exchange rate continues to move as expected, in general. The issue it that the speculated lower trend line of the medium term descending pattern was passed on Thursday morning.
The previous forecast for the USD/CAD pair has not come into reality. The pair has broken the upper trend line of the long term ascending channel pattern during the early hours of Thursday's trading session.
The patterns of the AUD/USD currency pair, whose existence was speculated on Wednesday, have fully revealed themselves on Thursday.
As the Euro bounced off the long term ascending channel pattern's upper trend line against the Japanese Yen, it began a decline, which stopped at the middle of Thursday's trading session.
In the second half of Wednesday the Greenback appreciated against all major currencies, including the gold.
Yesterday the currency pair failed to soar towards the weekly PP at 111.15.
In late Wednesday, the currency exchange rate made an attempt to break from a supposed head and shoulders pattern.
In line with expectations, during the previous trading session the currency exchange rate managed to soar to the weekly R2 at 1.1878 and made a subsequent rebound from it.
As described yesterday, the New Zealand Dollar began its descent against the US Dollar down to the combined support of the weekly S1 and monthly PP after breaking out of the medium term ascending channel.
The USD/CAD currency exchange rate broke out of the triangle pattern soon after the analysis was published by the Duakscopy Research team.
After the breaking of the ascending channel pattern the Australian Dollar continued to fall against the US Dollar.
The common European currency recently encountered a dominant resistance line against the Japanese Yen.