During the last 24 hours, the rate managed to reach the weekly R1 and the upper channel boundary at 0.8020 and fall back down to the 55-hour SMA.
Even though EUR/JPY demonstrated willingness to surpass the monthly PP mid-Tuesday, the prevailing bearish sentiment pushed the rate down to the weekly S1.
The way the yellow metal moved yesterday gives us an important clue for the further analysis. First, the buck failed to drag the pair down through the 55-hour SMA.
As it was expected, the currency rate continued to plunge in a falling wedge pattern, trying to reach the weekly S1 at 108.80.
Shortly after a release of information on the UK Services PMI the Pound got a strong upside momentum and in the upcoming seven hours advanced by 0.8% against the Greenback.
By the end of the previous trading day the currency pair had expectedly made a breakout from a short-term symmetrical triangle.
After showing no distinctive movement on Monday, NZD/USD accelerated the following day and shot past the 55– and 100-hour SMAs.
The US Dollar remained stable against the Canadian Dollar in the second half of Monday's trading session.
The second half of Monday's trading session passed in a calm manner, as the price remained in the same narrow area for the whole period.
The pair's movement on Monday did not provide major changes to the overall price level.
In line with expectations, a resistance set up by the weekly PP at 1,339.42 together with the upper edge of a medium-term ascending channel neutralized the further surge of the bullion.
Yesterday the Greenback made a few attempts to break to the top through a combination of the weekly and monthly PP, but failed.
The first half of the previous trading day the currency pair, indeed, spent in a limbo between two combined support and resistance barriers.
Most of the previous trading day the currency pair spent in a horizontal movement, being squeezed between the weekly PP at 1.1918 and the monthly PP at 1.1881.
The strong momentum mid-Friday was contradicted by the same bearish impact, thus leaving NZD/USD with almost no gains.
Despite showing some signs of a possibly recovery mid-Friday, sluggish US data pushed the rate down to the weekly S1.
Weak US fundamentals mid-Friday resulted in a 24-pip hourly surge for AUD/USD.
Global geopolitical tensions during the weekend weighted heavily on the EUR/JPY currency pair, as risk-averse traders transferred their money into the Yen.
A release of the US employment data last Friday predictably stopped the gold from losing value against the buck.
Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula.
In result of release of data on the UK Manufacturing PMI, the Pound gained a short upside moment that helped it to leave a short-term descending channel to the top.
Despite that all three American employment indicators that were released on Friday did not justify experts' forecasts, the Greenback continued to appreciate against the Euro and even managed to break through the bottom trend-line of a medium-term ascending channel.
NZD/USD continues to respect the boundaries of a medium-term descending channel.
Despite repeated efforts to surpass the weekly R2 at 1.2660, better-than-expected Canadian GDP released mid-Thursday swiped away any hopes for the rate to move above the 1.2650 mark.