Indeed, the GBP/USD pair declined over Monday, but not as much as expected.
EUR/USD stays broadly stable for a third day in a row.
Last Friday New Zealand Dollar rebounded, but, as anticipated, was unable to pierce the weekly R1. Eventually, the NZD/USD pair settled at 0.7558.
After a formidable rebound, the USD/CAD pair slightly dropped. The Greenback also appears to have entered a downtrend against its Canadian counterpart.
Following a sharp fall on Thursday, the Aussie managed to gain some value last Friday. However, AUD/USD edged up only nine pips before it met resistance.
After a rather sharp decline the Euro managed to regain some ground, but was unable to breach the weekly S1 at 133.86.
It seems that a major round level of 1,200 succeeded in providing Gold with considerable bullish momentum.
USD/JPY extended its gains last Friday, but added only 17 pips.
GBP/USD rebounded a bit after a sharp fall on Thursday.
After a sharp drop amounted to 160 pips on Thursday, the shared currency stabilised a day later.
New Zealand Dollar got pressured by the US Dollar on Thursday, amid the US data having better figures than expected.
On Thursday, the USD/CAD pair rebounded, adding 80 pips. The Greenback settled between the weekly PP at 1.2484 and R1 at 1.2514.
After a two-day rally the Aussie reached the weekly R2, where it intersects the upper trendline, forcing the pair to bounce back
Surprisingly, the EUR/JPY cross declined sharply on Thursday. The single currency breached the 20-day SMA and even the 100% Fibo with the weekly S1.
Despite broad bullishness of the US Dollar on Thursday, the price of gold retained its upward momentum and hit as a result resistance at 1,215.68/1,211.90, created by the 100-day SMA and weekly PP.
As expected, USD/JPY failed to slump yesterday. Moreover, the pair rallied and met the weekly R1, before settling at a two-week high of 119.41.
On Thursday, GBP/USD tested a cluster of resistances around 1.5560 and declined earlier than anticipated.
The Euro depreciated faster than expected, effortlessly piercing through a supposedly tough support at 1.13. EUR/USD is now trading as low as 1.12, a level that can potentially hold the rate for a while, but is likely to be broken eventually.
As expected, the US Dollar slumped against its New Zealand counterpart.
Indeed, the Greenback slid in value against its Canadian counterpart, confirming support at 1.2405, represented by the weekly S1.
For a second day now the Aussie exceeded expectations. Not only did the Australian Dollar reach the anticipated targets, but also went beyond the initial resistance levels.
The EUR/JPY pair edged up yesterday and settled at 135.04, the weekly PP, which prevented the cross from advancing.
XAU/USD is currently extending Wednesday's rally from 1,200, but it may encounter fierce resistance between 1,215.80 and 1,211.90, where the weekly PP merges with the 100-day SMA.
On Wednesday the USD/JPY cross attempted to decline, but was unable to breach the 20-day SMA.