The US Dollar managed to outperform the British currency, but failed to carry out the anticipated retest of the support cluster around 1.2420.
During the second half of Wednesday's trading session the NZD/USD currency exchange rate passed the support of the weekly S1 at 0.6969 and declined.
The Greenback showed some volatility against the Canadian Dollar during the first half of Thursday's trading session.
The lack of strong market movers has stranded AUD/USD between the weekly S1 at 0.7585 and the 200-day SMA at 0.7554.
EUR/JPY has traded both in the green and red areas today. However, the downside volatility favours the euro bears, indicating that a move southward within this trading session is possible.
The USD/JPY currency pair weakened for the fourth time in a row yesterday, unable to maintain trade in the green zone.
During the early hours of Thursday's trading session the yellow metal's price made another attempt to break higher.
On Thursday morning the common European currency traded against the US Dollar below the resistance cluster, which it faced previously.
Even though the ADP data surprised to the upside yesterday, the FOMC Minutes weighed on the US Dollar, allowing the Pound to erase most of Tuesday's losses.
While the markets expected the fundamental news from the United States, during the first half of Wednesday's trading session the New Zealand Dollar remained flat against the US Dollar.
By the middle of Wednesday's trading session the US Dollar had suffered minor losses against the Canadian Dollar, as the currency exchange rate found support in the weekly R1 at 1.3396 level.
Not being able to breach the 200-day SMA on Tuesday's trading session, AUD/USD has now reversed its southward movement.
EUR/JPY has managed to reverse direction today, thus slightly recovering its losses after the seven-day slump.
During the early hours of Wednesday's trading session the common European currency attempted to break the resistance against the US Dollar put up by the monthly pivot point at the 1.0685 level.
The Cable weakened for the second day in a row yesterday, finding support in front of the tough demand area, represented by the weekly S1, the monthly PP, the 55 and the 100-day SMAs.
The US Dollar weakened against the Yen on Tuesday, marking a third consecutive decline.
On Wednesday morning the yellow metal's price remained almost unchanged at the 1,255 mark.
EUR/JPY continues to extend its losses during today's trading session, demonstrating that risk-averse investors are hedging against possible downward risks pressuring the Euro.
The Aussie has experienced a sharp movement downwards today, extending its losses for the fourth consecutive day.
Commodities continued to weigh on the Loonie, which allowed the US Dollar to climb 66 pips higher.
The NZD/USD currency pair remained relatively unchanged on Monday, which allowed it to retest the descending channel's upper border.
Despite the early reading, Gold managed to show a solid 392 green pips on the daily chart, suggesting that bullish momentum prevails, but the resistance cluster at 1,256.77/1,257.69 is most likely to limit upside potential due to the multiple tests that have failed at the area before.
Monday ended with the US Dollar edging lower against the Japanese Yen, paving its way towards the descending channel's lower border, rather than the upper.
"The dollar got some support last week from month-end buying and came off its lows, but overall its heaviness remains unchanged." – Daiwa Securities (based on Reuters) Pair's Outlook The British currency's performance yesterday fell in line with expectations, being that the Pound reconfirmed the down-trend and closed trade between 1.2490 and 1.2480. Another bearish development today is expected, this time