GBP/USD has plummeted below the weekly S1 at 1.5586 and is hovering around this year's lows.
On Wednesday, the EUR/USD experienced notable changes during the trading session, especially following hawkish news from the Fed on future interest rates.
The Kiwi/Dollar continue to hover between the daily and monthly PP at 0.7754/0.7832, as it has done for the whole week.
After the jump in price on Monday, the USD/CAD has calmed down and it is trading around the weekly R1 and monthly R2 at 1.1651/35.
The AUD/USD cross has dropped below the 0.82 level that served as a support level for awhile.
Obviously, nothing much has changed since yesterday, as the pair continues to trade between the monthly PP at 145.77 and the weekly S1 at 146.44.
On Tuesday, the price of Gold was very volatile. During some points of time the bullion managed to climb even above the weekly pivot point, which is located at $1,215.
After a brief dip below the weekly S1 and monthly PP at 116.92/75 yesterday, USD/JPY rebounded above the support levels.
The pair continue to hold its positions above the 1.57 level; however, at the same time its seems to be somewhat stuck between the weekly and monthly PPs.
Most traded currency cross on the FX market rebounded considerably on Tuesday, as the Euro surged above the monthly PP.
The weekly PP at 0.7754 has given the pair necessary bullish bias to rebound above the 0.78 mark today.
Even though the USD/CAD has gained strongly over the past months, the overall bias still remains in the positive territory.
The Aussie's down-trend has been halted by the support at 0.82; however, a similar occurrence was witnessed around the 0.83 level; therefore, it does not especially mean that the retreat has ended.
The 18-nation currency has prolonged its decline today, it fell to as low as the major level at 145; although, it managed to recover above the monthly PP at 145.76.
On Monday, Gold declined significantly and even breached the important support at $1,205.
USD/JPY has extended its correction to 117 level and shortly the pair will face the weekly S1 and monthly PP at 116.91/75 that could halt the decline.
The GBP/USD cross has failed to surpass the monthly PP at 1.5755 repeatedly and that has dragged the pair below the weekly PP that is located at 1.5672.
EUR/USD cross was pretty much unchanged during the first day of the new week, even though it managed to rise above the significant resistance line, represented by the monthly pivot point at 1.2468.
NZD/USD has lost its bullishness, after nearing the 0.79 level on Wednesday, as it dropped below the weekly PP at 0.7754 today.
The US Dollar continue its dominance against its Canadian counterpart. Today the pair has reached the bullish channel's upper trend-line and also the strongest level this year around the 1.16 mark.
The Aussie cannot find a reliable and strong enough support to stop the selling of the pair, as of today the pair fell to a new low this year at 0.8205.
After falling below the major level at 147, the EUR/JPY received a bullish impetus that let the pair to test the weekly PP at 148.12.
The price of Gold changed only marginally on Friday, as the bullion decreased to trade around $1,220 per ounce.
For the recent days the pair has been fluctuating around the 118/119 levels and seems well-supported by the 118 level.