Bears attempted to commence a sell-off of the Euro against the Dollar on Monday, by pushing the cross below 1.13.
There are plenty of reasons to be bullish USD/CAD right now.
NZD/USD hesitates to move far below 0.63, but eventually the bears are expected to overpower bulls and push the price lower.
While the technical studies are mixed in all the time-frames, AUD/USD keeps moving within the bearish channel (since May).
There is a high chance the ‘sell' signals given by the technical indicators on Friday are going to prove to be correct.
Gold has been inching lower since the beginning of this month; however, volatility and the pace of decline stood at quite low levels.
The current situation in USD/JPY does not seem to warrant a long position.
GBP/USD continues to struggle to resume recovery.
EUR/USD erased one additional resistance on Friday, by penetrating the 23.6% Fibonacci retracement of the 2014-15 downtrend.
The New Zealand Dollar refused to drop below 0.6260 for the fourth consecutive day yesterday, as the NZD/USD rebounded and touched the immediate resistance at 0.6340.
As anticipated, the USD/CAD currency pair suffered a setback on Thursday, declining 50 pips over the day.
The Australian Dollar rebounded from the monthly S1 on Thursday, amid a lot better-than-expected employment change data.
The Euro advanced against the Japanese currency, not only piercing the immediate resistance, but also negating the previous week's losses.
The yellow metal failed to consolidate below the weekly S1 at 1,108 on Thursday and therefore was forced to come back above this important mark.
The Greenback's attempts to pierce the resistance cluster around 121.00 were in vain, as rather poor fundamental data limited the USD/JPY currency pair's upside potential.
As anticipated, the Cable appreciated on Thursday, in spite of the BoE's policy remaining unchanged.
EUR/USD has been rising for a fifth consecutive day in the morning on Friday, after the currency pair posted substantial gains on Thursday.
There New Zealand Dollar brought no surprises on Wednesday, as the NZD/USD currency slumped again after testing the 0.64 level.
The USD/CAD rebounded upon reaching the support cluster at 1.3150, causing the rally to exceed expectations.
The Aussie surprised with its decline on Wednesday, edging closer to the April 2009 low once again.
The poor Japanese Core Machinery Orders helped the EUR/JPY cross extend its rally for the third consecutive day yesterday; however, the pair remained below the major level of 135.00.
Stronger US Dollar and comments about possible additional market support in China pushed the safe-haven asset considerably to the south on Wednesday.
The tough resistance cluster around 121.00 held its ground, although the USD/JPY did reach the highest point of the cluster, namely the 200-day SMA.
On Wednesday, the Cable turned around in front of 1.54 and even pierced the immediate support in face of the weekly R1.