On Thursday, the GBP/USD pair did not surprise with its behaviour, as it slumped again for the fourth consecutive day.
As estimated, downward pressure on the EUR/USD currency pair remained strong yesterday, caused by the ECB monetary policy meeting in Cyprus.
The New Zealand Dollar extended its gains for another day. However, the pair lacked the strength to reach the previously established resistance levels represented by the Bollinger band and the weekly R1.
On Wednesday, the USD/CAD pair slumped, as anticipated. The Greenback tested the two closest resistances, but was unable to breach them, as the US Dollar is following the sliding trendline.
On Wednesday, the Aussie tested the upper Bollinger band, but eventually settled just under the weekly PP at 0.7815. Compared to Wednesday, the AUD/USD pair barely climbed.
EUR/JPY pair declined for a second consecutive day after encountering resistance at 134.30.
XAU/USD cross showed no significant changes in course of the previous trading day as it remained hovering just around the major level of 1,200.
On Wednesday the USD/JPY pair continued to trade between the weekly PP an R1 levels.
As the UK Services PMI was worse than expected, and later through the day the US data showed strong figures, the Pound came under strong selling pressure, and the currency depreciated dramatically.
After a considerable drop yesterday, EUR/USD continues declining on Thursday morning as well.
The Kiwi rebounded on Tuesday, but failed to erase Monday's loss. As the weekly PP has proven itself as a weak level, the NZD/USD pair easily pierced through it and settled at 0.7547.
Yesterday the USD/CAD pair plunged, as a supply area created by the trendline and weekly PP proved to be strong enough to turn the pair around.
The Aussie made up for poor performace on Monday, as the currency climbed even higher than expected. The AUD/USD pair went through the monthly PP and 20-day SMA, before it settled just under the weekly PP at 0.7819.
The pair erased Monday's gains and edged slightly lower. The EUR/JPY cross stumbled down to 133.80 after encountering a cluster of resistances around 134.32, thus the support level at 133.20 was left untouched.
Despite strong Gold price's fluctuations on Tuesday, the metal registered only a marginal daily change.
USD/JPY pair bounced back on Tuesday after a three-day rally.
Sterling keeps surprising with its behaviour, as the currency edged down again on Tuesday.
For a fourth consecutive day EUR/USD is posting no considerable daily changes in its value.
In spite of bullish signs, the NZD/USD started the trading week with a plunge. The Kiwi opened trade at 0.7552 and went through the weekly PP level, which failed to stop the pair.
The US Dollar's behaviour was quite predictable, as it performed exactly according to the forecast. USD/CAD grew on Monday, but met resistance as it reached the trendline at 1.2535.
The AUD/USD pair continues to trade withing the borders of the downtrend channel. Yesterday the Aussie plunged, ignoring the 20-day SMA and monthly PP.
On Monday the Euro appreciated against the Japanese Yen for the second day in a row.
On Monday, two simple moving averages (20 and 100-day) came together in order to push the precious metal considerably to the downside.
The Greenback appreciated versus the Japanese Yen yesterday.