The NZD/USD currency exchange rate continued to once more retreat from the ascending channel pattern's upper trend line during Tuesday'' trading session.
The US Dollar was almost frozen against all other currencies, including the Canadian Dollar, as the currency exchange rate was only four pips higher than the opening price by mid-Tuesday.
The Australian Dollar overperformed on Monday, having successfully retaken the 0.77 level and encountering resistance only at the 0.7730 area.
The European currency experienced strong upside volatility on Monday, but ultimately closed trade just seven pips below the expected level of 115.40.
The yellow metal was in a rebound on Tuesday morning, as the bullion found support in a strong cluster near the 1,280 level.
Even though the US Dollar inched higher against the Yen on Monday, the immediate resistance area remained untouched.
On Monday the British currency weakened against the US Dollar, finding support at the 1.24 major level.
The common European currency slightly fluctuated but did not move anywhere against the US Dollar on Tuesday morning, as the currency exchange rate stayed just below the 1.1050 level.
The NZD/USD exchange rate had fallen and touched the monthly R1 at 0.7298 by mid-Monday.
In contradiction to other currency exchange rates, in which the US Dollar is involved in, the USD/CAD did not start the new week with a stronger US Dollar.
The Aussie's bullish trend experienced a small setback on Friday, being that the commodity currency lost ten pips against the American Dollar that day.
The Euro overperformed on Friday, having risen higher than anticipated, with trade closing at 114.90 yen.
The yellow metal's price declined on early Monday morning, as the bullion started the session a lot lower than the previous close.
The USD/JPY currency pair inched higher on Friday, despite a poor reading of the US NFP, thus, retaking the 103.00 level.
The British Pound prolonged its rally against the US Dollar on Friday, establishing a new four-week high of 1.2557.
The common European currency slightly appreciated against the US Dollar on Monday morning.
The New Zealand Dollar fell and approached the weekly R1 at 0.7298 against the US Dollar by mid-day on Friday.
The US Dollar surged against the Canadian Dollar on Friday, as the rate had touched the 1.3450 level by mid-day.
Yesterday for the fourth consecutive day this week the Aussie outperformed the US Dollar.
The European currency continued to decline against the Japanese Yen on Thursday, but was still unable to close below the immediate support cluster.
GBP/CAD contained its movements neatly inside of a channel down for the last year, but has recently shown some upside potential, adjusting the bottom trend-line to fit a falling wedge. The downtrend got a decent confirmation at 2.0954 where a double top expressed built up bearish momentum with a breach of the neckline at 1.8205. The pair then sent a
The yellow metal was in a full on retreat on Friday morning, as it had erased all of Thursday's gains.
Even though the American Dollar weakened against the Japanese Yen on Thursday, the strong support circa 102.75 managed to limit the losses; however, the 103.00 threshold was still crossed yesterday.
Due to the upbeat UK statement and the High Court's decision yesterday, the British Pound received a solid boost, adding more than 150 pips against the US Dollar.