Bears dominated during the trading session on Wednesday; however, bulls managed to regain enough strength to push EUR/USD's price back above the weekly pivot point, 20-day SMA and the 1.12 mark.
The weekly PP gave in yesterday, allowing the NZD/USD currency pair to reach the monthly pivot point at 0.6375.
The US Dollar behaved according to the forecast yesterday, as it declined 97 pips against its Canadian counterpart.
The commodity currency, namely the Aussie, appreciated against its US counterpart, piercing the weekly PP and negating last Friday's losses.
The European currency overperformed on Tuesday, as not only the immediate resistance was pierced, but also the resistance cluster around 134.30.
While both bulls and bears are awaiting important fundamental data on Wednesday, they decided to pause in the first two days of the week.
Although the 119.00 level was tested again, the USD/JPY still appreciated on Tuesday, amid a rebound of the investor sentiment.
The Sterling recovered from the July low yesterday and not only pierced the 200-day SMA, but also the second resistance level in face of the weekly R1.
EUR/USD gained around 50 pips on Tuesday and closed above the nearest resistance, namely the weekly pivot point and 20-day SMA at 1.1191.
The NZD/USD dropped only 21 pips on Monday, with volatility stretching out only to 0.6244.
The USD/CAD currency pair behaved in accordance with the forecast yesterday.
The Aussie remained relatively unchanged against the US Dollar on Monday, as the pair added only 11 pips.
Even though the European currency outperformed the Japanese Yen on Monday, the pair still failed to climb above the July low of 133.29.
Despite some attempts to move above the 55-day SMA or below the 1,120 mark, the bullion remained flat on a daily basis and neither bulls nor bears gained control over the market.
The Greenback refused to stay under the 119.00 major level yesterday, adding 28 pips against the Japanese Yen on Monday.
The Cable managed to recover on Monday, erasing Friday's losses and stabilising just above the weekly pivot point.
EUR/USD is attempting to appreciate above the weekly PP/20-day SMA around 1.12, following weak Chinese trade balance data.
The Kiwi erased all weekly gains last week, as it pierced the 0.63 psychological level and settling in front of the lower Bollinger band at 0.6280.
The Greenback appreciated against its Canadian counterpart on Friday, failing to breach the major level of 1.33.
Despite a strong cluster providing substantial support, the Aussie still declined beyond 0.6920, reaching 0.6907.
The European currency declined to on Monday, piercing the July low and reaching a fresh four-month low, as was anticipated.
Gold was swinging between gains and losses on Friday.
The USD/JPY currency pair dropped below 120.00 last Friday, reaching a fresh weekly low.
The Cable suffered more losses on Friday, not only piercing the weekly S1, but also the monthly one, only to find support at 1.5164, namely the lower Bollinger band.