Despite poor ADP data on Wednesday, the US Dollar still managed to outperform the Japanese Yen, with the immediate resistance cluster limiting the gains.
A rather weak reading of ADP data yesterday caused the GBP/USD currency pair to erase all intraday losses and even inch slightly higher.
The yellow metal continued to lose value on Thursday morning, as the metal had moved to the 1,365 level.
The common European currency had remained almost unchanged against the US Dollar on Thursday morning, as the currency pair was at 1.12 on early morning.
The Kiwi depreciated for the third consecutive session against the Greenback by mid-Wednesday.
The US Dollar continued to surge against the Canadian Dollar on Wednesday, as the currency exchange rate moved to trade above the 1.32 mark.
Unexpected hawkish news from Fed officials caused the AUD/USD currency pair to erased most of gains, acquired during the last two weeks.
On Tuesday the Euro soared against the Japanese Yen, reaching the three-month down-trend.
The yellow metal edged higher on Wednesday morning and reached a resistance cluster located around the level of 1,275.
Some hawkish comments from the Fed caused the Greenback to add more than 120 pips against the Yen yesterday, nearly managing to retake the 103.00 mark.
For the second day yesterday the British currency weakened significantly more than anticipated, completely breaching the post-Brexit consolidation trend, as even the support cluster around the July low of 1.2798 was unable to limit the losses.
The Euro surged on Wednesday morning against the Greenback, as the currency exchange rate erased the losses of previous sessions and attempted to break the resistance cluster, which pressured it lower before.
The New Zealand Dollar was almost flat by midday on Tuesday against the US Dollar, as the currency exchange rate kept trading in a limbo around the weekly pivot point, which is located at 0.7282.
The Greenback surged against the Loonie by mid-day on Tuesday, as the currency exchange rate managed to pass the weekly PP at 1.3153, and it had surged by around 40 pips by the middle of the day.
The AUD/USD pair continued to appreciate on Monday, but was unable to even reach the 0.77 psychological level.
The Euro edged up against the Yen for the fourth consecutive time yesterday, meeting resistance at 114.00.
The yellow metal continued to fall on Tuesday morning, as it went into the seventh consecutive session of losses.
On Monday the American Dollar managed to outperform the Japanese Yen for the fifth consecutive time, once again approaching the nine-month down-trend.
The British currency slumped against the US Dollar on Monday rather unexpectedly, as a March deadline was set for implementing ‘Brexit' yesterday.
The common European currency fell below the 1.12 mark on Tuesday morning against the Greenback.
AUD/USD faces a critical move this week when a close above or below the five-year channel upper trend-line will determine the faith of the Aussie as one of the patterns is bound to break. The junior channel guiding the pair towards the upper trend-line of the senior channel is likely to be erased from the picture in case the senior
The Kiwi remained almost flat against the Greenback on Monday.
The US Dollar has moved out of the rising wedge pattern against the Canadian Dollar, as a new short term pattern seems to be forming in the borders of the large scale rising wedge pattern.
The Australian currency managed to recover from all the losses, experienced on Friday, therefore, completely breaking the three-year down-trend.