The market was indecisive on Tuesday due to lack of strong movers.
On Wednesday morning the common European currency was regaining some of its losses against the US Dollar, as the currency exchange rate traded just below the 1.09 mark.
As it was forecasted, the New Zealand Dollar did not manage to break the resistance put up by the 20-day SMA against the US Dollar near the 0.6950 level.
At the middle of Tuesday's trading session the US Dollar was located at the 1.3720 mark against the Canadian Dollar, and it seemed that the currency exchange rate was set for additional gains.
Strong downside pressures have pushed the Aussie through the bottom channel line and the lower Bollinger band at 0.7375 and 0.7364, respectively.
The outcome of the French presidential election interfered with the Euro's six-day gain, closing in the red area yesterday.
During the early hours of Tuesday's trading session the yellow metal's price remained above the 1,225 mark, as the bullion found support in the 100-day SMA.
Not only did the USD/JPY pair manage to recover from its intraday low yesterday, but even establish a new seven-week high of 113.30.
On Monday, the GBP/USD currency pair behaved in accordance with expectations, having edged slightly lower, with the weekly PP limiting the intraday losses
On Tuesday morning the common European currency continued to depreciate against the US Dollar, as the currency exchange rate passed the support of the weekly S1, which is located at the 1.0916 level.
By the middle of Monday's trading session the New Zealand Dollar had surged against the US Dollar, scoring additional gains, compared to Friday's trading.
During the first half of Monday's trading session the Greenback had surged against the Loonie. However, the gains were insignificant, compared with the fall of the second half of Friday's trading session.
Even though the AUD/USD currency pair inched higher on Friday, a close below the 0.74 major level is still expected to occur today.
Friday ended with a sixth consecutive rally of Euro versus the Yen, but with the monthly R1 providing sufficient resistance, thus, limiting the gains.
After a low opening and touching the 1,221.50 level on Monday morning the yellow metal regained its losses in the early hours of the day's trading session.
Strong US fundamentals helped the USD/JPY pair to completely recover from its intraday low on Friday and even edge 29 pips higher, retesting the descending channel's resistance line.
On Monday morning the common European currency was in a retreat against the US Dollar, as it touched the support provided by the weekly PP, which is located at the 1.0958 level.
Having outperformed the US Dollar, the British Pound approached the 1.30 major level on Friday, but with supply around this area remaining relatively strong.
During the first half of Friday's trading the New Zealand Dollar surged against the US Dollar, as it had found support during Thursday's trading in the lower Bollinger band at the 0.6840 level.
By the middle of Friday's trading session the US Dollar remained below the 1.38 level against the Canadian Dollar.
AUD/USD continues to trade lower for the third consecutive day, suggesting that no change in direction could be expected in this trading session.
The Euro is depreciating against the Yen today, resulting from the price entering the overbought area.
A confirmation of the previously established bounce off the senior channel down pattern on the daily chart came on Friday morning as the pair continued its way towards areas below further away from any upside risks.
GBP/USD opened red on the daily chart Thursday morning, setting a downside target at 1.2829 in sight.