The Greenback was unable to outperform the Japanese currency yesterday, which resulted in a failure to preserve the descending channel pattern.
The common European currency has reached the resistance put up by the weekly R2 at 1.0729 against the US Dollar.
On Tuesday the New Zealand Dollar traded against the US Dollar between two levels of significance above the 0.70 level.
During the first half of Tuesday's trading session the USD/CAD currency exchange rate quickly found support in the 38.20% Fibonacci retracement level and began a surge.
The cautious April minutes from the Reserve Bank of Australia seems to weight heavily on the Aussie, erasing its previous gains against the Greenback.
The Euro closed with gains on Monday and it seems that the upward potential may persist today, as well.
After hitting a five month high level the gold price began a period of consolidation, which became a decline due to fundamental events.
Despite initial sharp downside volatility, the US Dollar managed to end the day in the green zone yesterday, adding 14 pips against the Japanese Yen.
Monday ended with the British Pound outperforming the US Dollar, which resulted in the six-month bearish trend-line getting pierced.
On Tuesday morning the common European currency fluctuated against the US Dollar just above the 23.60% Fibonacci retracement level, which is located at the 1.0639 level.
The New Zealand Dollar has fulfilled the recent hypothesis of its movements against the US Dollar.
During the first half of Monday's trading session the US Dollar declined against the Canadian Dollar.
The Aussie has been recovering against the US Dollar almost through all of the previous week, also retaining this bullish momentum today.
Having breached the falling wedge's support line on Friday, the EUR/JPY cross got exposed to more weakness.
As it was forecasted, the yellow metal began Monday's trading session higher and surged above the 1,295 level.
The US Dollar weakened against the Japanese Yen again on Friday, amid soft US fundamentals weighing on the Greenback.
Poor US fundamentals on Friday allowed the British Pound to erase most of Thursday's losses against the US Dollar, causing the six-month down-trend to be put to the test again today.
On Monday morning the common European currency began the day against the US Dollar by facing a combined resistance cluster of the weekly PP at 1.0621 and the 100-day SMA at 1.0627.
By the middle of Friday's trading the New Zealand Dollar remained at the opening price of 0.7000 against the US Dollar.
During the first half of Friday's trading session the US Dollar traded against the Canadian Dollar above a previously described and significant cluster of levels of significance.
After its rally yesterday, AUD/USD continues to appreciate against the Greenback for the third consecutive day.
Contrary to expectations, EUR/JPY managed to breach the bottom trend-line of the longer-term broadening wedge as well as the monthly S2 at 115.81.
On Friday morning the yellow metal's price remained unchanged, as it was not traded due to Easter Holidays.
Rather mixed fundamental data on Thursday caused the US Dollar not only to avoid losses, but also to refrain from posting any substantial gains.