As the title suggests, by the middle of Tuesday's trading session the US Dollar had surged against the Canadian Dollar by one percent, as the currency exchange rate had touched the 1.3213 level.
The commodity currency slightly weakened against the US Dollar yesterday, as it appears to have reached its peak at the end of the previous week during its two-month rally.
The EUR/JPY cross began the weak on a rather negative note, having lost more than 120 pips on Monday.
On Tuesday morning the yellow metal's price declined, and the decline in the price can be explained by using not only technical but also fundamental analysis.
The Japanese Yen managed to outperform the American Dollar on Monday, ultimately adding 76 pips during the day, with the immediate demand area limiting the losses.
The GBP/USD currency pair weakened for the third consecutive time on Monday, but managed to remain above the immediate support cluster.
During the early hours of Tuesday's trading session the common European currency fell below the 1.07 mark against the US Dollar, and there were no signs of the fall stopping.
During the first half of Monday's trading session the New Zealand Dollar remained firmly above the 0.73 mark against the US Dollar.
With the start of a new week, the US Dollar slightly surged against the Loonie.
Relatively poor US fundamental data helped the Australian Dollar to recover from its intraday losses against the US counterpart on Friday, with the pair ultimately closing with a 30-pip rally.
The Euro appears to be having trouble with upside momentum, being that during the previous week the given cross remained relatively unchanged when attempting to strengthen.
CAD/HKD extended a 35.6% dip over the last six years and posted an ultimate low of 5.3170 in early 2016. The pair has established an inconsistent channel down with altered trend-lines, spilling confusion into the picture due to the potential break above the original ones.Monthly Chart: Due to the changing nature of the channel lines, we do not attribute a high
The Cable closed with a 40-pip loss on Friday, as mixed US fundamentals were unable to cause a breach in the tough demand cluster around 1.2450.
Following repeated attempts to claim the upper boundary of the senior ascending channel, EUR/USD failed at the area once more and established the area as a major supply level, meaning that it is unlikely that the pair will push through 1.0796 anytime soon.
Gold showed solid demand with a surge above the 1,219.20 level, which is strengthened by the 100-hour SMA and the upper Bollinger Band, and taking into account the significance of the area, a consolidative movement should follow on shorter time-frames.
A strong US NFP reading on Friday was insufficient for the USD/JPY pair to remain elevated, as weak secondary data weighed on the Buck and caused the support area circa 112.60/50 to be retested.
During the first half of Friday's trading session the Kiwi remained between the two levels of significance, between which it had bounced for the whole week, against the US Dollar.
The US Dollar remained almost unchanged against the Canadian Dollar by the middle of Friday's trading session.
Thursday ended with the Aussie adding over 70 pips against the US counterpart, breaching two immediate resistance levels.
The EUR/JPY currency pair closed with a 62-pip loss yesterday, thus, unable to remain above the possible psychological support of 121.60/50.
During the early hours of Friday's trading session the yellow metal remained near the 1,215 mark, as it struggled to find support after the previous fall.
There were no surprises in the USD/JPY pair's performance yesterday, as the 112.60 psychological support remained intact in spite of the Yen taking the upper hand.
Thursday ended with the Cable falling significantly below the anticipated 1.26 level.
Due to falling below the weekly R1 at 1.0761 against the US Dollar, the common European currency began Friday's trading session just below that level.