The yellow metal has been strengthening steadily against the Greenback following a reversal from the 1,322.00 mark late on Monday.
USD/JPY managed to remain steady during the previous session, thus showing that the strong upside momentum that prevailed earlier this week has allayed.
Following a four-day decline against the US Dollar, the Sterling managed to recover some of its lost positions on Tuesday.
The common European currency failed to move below the 1.22 mark due to the strong support of the 100-day SMA.
The support level, which was reached on the NZD/USD charts on Monday, was passed at midnight between Monday's and Tuesday's trading session on a GMT time frame.
The US Dollar has finally stopped its massive appreciation against the Canadian Dollar. Due to that reason a full review of the technical situation was conducted at mid-day on Tuesday.
It can be observed on the hourly chart of the AUD/USD pair that the narrow ranged descending pattern has been broken.
On Monday it was expected that the common European currency will begin a decline against the Japanese Yen once the pair reaches the resistance cluster near the 132.50 mark.
The overall strength of the US Dollar put downward pressure on XAU/USD on Monday, thus allowing to extend the pair's losses for the third consecutive session.
The US Dollar accelerated significantly against the Japanese Yen on Monday, thus closing the session with a 93-pip gain.
Despite flashing bullish signals on Monday morning, the Sterling managed to maintain its downward-sloping movement throughout the day.
The Euro remained under the bearish pressure on Monday.
By the middle of Monday's trading session the NZD/USD currency exchange rate had reached the vital support levels near the 0.7150 mark. Coincidentally at that level a dominant support line was located together with the freshly calculated first weekly support level.
The US Dollar has continued to gain even more ground against the Canadian Dollar. The reason for the surge is double sided.
As the US Dollar has kept appreciating the AUD/USD is no exception to the phenomenon. On Monday it could be seen that the rate was going down in a junior, narrow descending pattern.
The common European currency passed the long term support against the Japanese Yen almost as soon, as such a move was speculated on Friday. Since then the rate has fluctuated even above the previous support and made two attempts to surge.
Bears were the main driving force of the XAU/USD exchange rate for the second consecutive session on Friday as a result of which the pair closed the day slightly above the bottom boundary of a medium-term and the 23.60% Fibonacci retracement.
The US Dollar continued its fourth day of appreciation against the Yen on Friday.
Despite the massive plunge on Thursday, the Sterling failed to accelerate against the US Dollar during the following day.
Strong downside potential drove EUR/USD considerably lower on Friday.
The picture of the broken pattern on the NZD/USD hourly chart for the traders, who shorted the pair already on Monday is a picture of joy.
Another data release has caused the USD/CAD to jump. Namely, the release of the Canadian CPI and Retail Sales caused a jump of almost 50 base points.
The Australian Dollar has plummeted during the last 24 hours against the US Dollar as a brick. Initially it was thought that a strong support cluster near the 0.7780 mark will hold the ground.
The common European currency has retraced from the previous high levels against the Japanese Yen. In fact the rate had reached the lower trend line of a long term ascending channel pattern.