The US Dollar managed to edge higher against the Yen on Monday, with the immediate resistance in face of the weekly PP somewhat limiting the volatility and causing the pair to close only at 120.40.
The Sterling slightly exceeded expectations yesterday, as the corrective decline stretched beyond the immediate support.
For a second day the most traded FX cross remains largely stuck in between the weekly pivot point and weekly R1 at 1.0975.
The Kiwi has been appreciating against the US Dollar ever since it bounced back from the up-trend in November.
The Greenback failed to continue outperforming its Canadian counterpart, as the breached of the support in face of the monthly R3 set the USD/CAD on a downsliding journey.
Even though the AUD/USD ended last week with a rally, it is unlikely to be able to extend those gains today.
The EUR/JPY currency pair started the week with a surge, almost completely erasing the previous week's losses.
In the run up to Christmas holidays gold recovered past 20-day SMA to close at 1,075.
As was anticipated, the USD/JPY dropped lower through the end of the previous week, after the head of BoJ stated that further QQE in Japan is unlikely.
The British currency ended last week with another rally, rebounding from intraday low and, thus, erasing all previous week's losses.
During the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume.
The yellow metal made no confident attempts to violate the July low and 20-day SMA on Wednesday.
The US Dollar suffered another loss against the Yen yesterday, due to another set of poor fundamental data.
Although the GBP/USD currency pair appreciated on Wednesday, the immediate resistance in face of the monthly S1 somewhat managed to prevent the price from returning inside the pattern's borders.
EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday.
The NZ Dollar appreciated for the third consecutive day yesterday, completely erasing last week's gains, but failing to stabilise above the weekly R1.
Despite poor readings of the US fundamentals yesterday, the immediate support managed to hold the losses at 1.3916, therefore, extending the USD/CAD consolidation trend for another day.
The Aussie outperformed its US counterpart on Tuesday, amid weak US fundamental data results.
The European currency managed to pierce the immediate resistance yesterday, but failed to reach the second target, namely the 55-day SMA.
The bullion ticked down in course of the trading session on Tuesday, after posting a confident rally on Friday and Monday.
Although the USD/JPY declined on Tuesday, the immediate support in face of the monthly S1 was able to hold the losses.
The Cable ignored rather weak US fundamentals yesterday, as bears took over the market after the UK Public Sector Borrowing results were published.
Another bullish trading session was registered by the most traded FX cross on Tuesday.
As technical studies suggested, the New Zealand Dollar extended its Friday's rally.