The European currency booked gains on Wednesday against the US Dollar, as it rebounded off the first weekly support at 1.1192.
The US Dollar has been appreciating against the Canadian one since last Thursday, steadily making its way towards the 55-day SMA.
The AUD/USD inched lower on Tuesday, as the immediate resistance weighed on the pair, causing the immediate support to be pierced.
The New Zealand Dollar continued to edge lower against the US counterpart on Tuesday, having fallen below the 0.70 major level.
As was anticipated, the European currency slumped against the Japanese Yen on Tuesday, with volatility stretching out to the target level, namely the monthly S3 at 118.48.
The US Dollar appears to be reluctant to fall below the 106.00 major level, as most losses keep getting erased once the exchange rate approaches the May low of 105.55.
Yesterday weak UK CPI data, as well as the concerns over the upcoming EU referendum, caused the GBP/USD currency pair to close with a 155-pip loss.
The bullion scored gains for the fifth consecutive trading session on Tuesday, as it ended day's trading at 1,285.93.
Ignoring Monday's gains, the European currency depreciated against the US Dollar on Tuesday and fell to the level of 1.12.
A decline of oil prices on Monday caused the Loonie to negate all gains and give the US Dollar the upper hand. The pair climbed back above the 1.28 level, making it the third consecutive rally.
As was anticipated, the AUD/USD currency pair remained stuck in a tight range, namely between the monthly PP from below and the 100-day SMA and the weekly PP from above.
The NZD/USD pair experienced another setback in its newly-arisen medium-term bearish trend, as it edged slightly higher on Monday.
The European single currency managed to recover from its intraday low against the Yen yesterday and, as a result, closed on top of the monthly S2.
The US Dollar edged lower against the Japanese Yen, as risk aversion was dominating the markets on Monday and, as a result, drove the pair almost to the 106.00 level.
On Monday profit-taking caused the GBP/USD currency pair to recover from its intraday low, but it was still unable to reclaim the 1.43 major level.
The yellow metal had been gaining strength for almost a solid week since June 7, and it seemed that the bullion is about to reach the 1,300 mark this week.
The Euro dropped to 1.1233 on Monday against the US Dollar. However, the currency exchange rate managed to recover and end the day' trading session at 1.1290.
The NZD/USD currency pair's slump on Friday caused the ascending channel pattern to be preserved, with its resistance line remaining intact.
The American Dollar was able to outperform the Canadian Loonie, as falling oil prices provided the pair with an opportunity to appreciate.
A decline in oil prices caused the Australian Dollar to edge lower against the US counterpart, but with the monthly PP once again providing substantial support.
Friday ended with the European currency slumping against the Japanese Yen, therefore, breaching the falling wedge pattern to the downside, rather than the upside.
The bullion continued its surge on Friday, as the yellow metal gained strength and the price changed from 1,268.61 to 1,272.83.
As was anticipated the USD/JPY currency pair kept gravitating towards the 107.00 major level on Friday, unable to close far away from that area and, as a result, remained relatively unchanged.
The Sterling was unable to preserve the ascending channel pattern last Friday, as it unexpectedly dropped more than 275 pips against the US Dollar, with the decline triggered by the ‘Brexit' polls, showing that majority was voting to leave the EU.