USD/JPY opened the week with a large downside gap (60 pips), but it has already been closed, and thus an extension of a rally is unlikely.
GBP/USD is currently trading in the middle of a short-term bearish channel and is moving towards the lower boundary of the pattern at 1.4930.
Back on Friday, EUR/USD pair was only little changed during trading as the single currency remained under increased bearish pressure.
The NZD/USD went lower to test the weekly S2, which is the next support level.
The USD performed as a gainer in the USD/CAD pair during the whole week.
The AUD/USD declined a little from the last update. The cross slid 30 pip from the previous day close at 0.776, forming a daily low at 0.773.
The EUR/JPY closed the week in red, eventually. The pair fluctuated tightly under the 100% Fibonacci level at 134.14 and tested the level three times during the week.
The most significant decline of XAU/USD cross since December 15 took place on Thursday of this week.
USD/JPY keeps fluctuating around 118, as it still lacks momentum.
The support at 1.5150, mainly represented by the monthly S3, failed to underpin the Cable amid yesterday's fundamentals and allowed the currency pair to plunge down to 1.5050, namely the weekly PP.
On Thursday, the common currency rebounded slightly and partly erased losses that were gained back two days ago.
The NZD/USD retreated from the weekly S1 at 0.732 and fell about 82 pip lower.
The USD/CAD bulls threw the pair well higher above the weekly R1 at 1.260, forming the daily high at 1.267.
The AUD/USD pair dived to new lows today, breaking below the weekly S1 at 0.778.
The EUR/JPY went up from the previous lows at 132.71 and briefly touched the 100% Fibonacci.
On Wednesday, the precious metal traded mostly in the narrow range between monthly R2 and 61.8% Fibo around $1,285, while the latter level limited any gains proposed by bulls.
Since the support at 118 failed to withstand the selling pressure, USD/JPY is now exposed to a decline to 116.0/115.5, where the monthly S1 level is reinforced by the 38.2% Fibo.
GBP/USD pared some of the latest gains, but the pair is nonetheless in a good position to advance towards 1.53, namely the seven-month down-trend, as the support at 1.5150 stays intact.
Following two days of gains, EUR/USD pair decided to resume losing value and plunged considerably on Wednesday.
The AUD/USD pair swung about 125 pips today, yet, the bulls were stronger and brought the cross to trade higher.
The NZD/USD pair was little volatile today and the market participants were not able to move the price anywhere far away from the previous day close at 0.745.
The market bulls were not ready to let the CAD tumble versus its counterpart and the pair regained some part from the previous day loss.
Generally, the JPY received back half of the losses from the previous day by retreating down for about 60 pips.
On Tuesday, gold made an attempt to rebound considerably after losses that occurred back two days ago.