The Greenback remained stable against the Yen on Thursday, as it failed to overcome the constraints of the 200-hour SMA and a seven-day resistance at 109.69.
The British Sterling was driven by upside risks on Thursday, thus being able to appreciate 75 pips against the US Dollar.
Thursday's session was market by strong upside momentum that allowed the common European currency to appreciate 96 pips against the Greenback.
Following a long period of surge during the previous trading session, bears has managed to take over the movement.
After reaching a new low at 1.2254, the US Dollar to managed to regain some of its lost points against the Canadian Dollar by the end of Wednesday's trading session.
The AUD/USD pair finally stopped its ascending movement. By the end of Wednesday's trading session, bears took control of the pair and a breakout occurred through the lower boundary.
As expected, the bullish movement continues to be dominating the EUR/JPY pair.
Following a three-day period of decline, Gold managed to recover some of its lost positions on Wednesday.
The USD/JPY was characterised by low volatility on Wednesday morning which was caused by the failure of bulls to overcome the 55– and 100-hour SMAs for several hours.
The Pound remained stable against the US Dollar during the previous session.
Minor upside risks dominated the market during the first part of Wednesday.
Following a strong period of decline during the last trading sessions, bulls have managed to take control of the market.
The previously described situation on Tuesday, January 30 did not come into reality. The strong support level was passed, and the USD/CAD keeps moving south.
The AUD/USD pair continues to be maintaining its movements in the previously described ascending channel.
The common European currency continues its bullish path
Even though the yellow metal managed to shoot up during the first half of Tuesday, the combined resistance of the 55-hour SMA, the weekly PP and the bottom boundary of the breached two-month channel up proved to be an unbreakable barrier which sent the pair down to 1,336.80.
USD/JPY has remained steady for the last three trading sessions.
Upside risks prevailed in the market on Tuesday, thus allowing GBP/USD to end the session with a 74-pip advance.
EUR/USD spent the Tuesday morning in between the bounds of the 100– and 200-hour SMAs.
Following a period of decline, the NZD/USD pair had managed to regain some of it lost points by the middle of Tuesday's trading session.
The decline of the US Dollar against other major currencies continues.
The Aussie continues its smooth journey in the ascending channel.
The common European currency has managed to regain some of its losses during the early hours of Tuesday's trading session.
The yellow metal has maintained its gradual movement southwards as of mid-Friday.