The Sterling surprised with its performance on Wednesday, having successfully climbed over the 1.26 major level, thus, taking another significant step closer to the main target.
On Thursday morning the common European currency remained below the weekly R1 at 1.0752 against the US Dollar.
The New Zealand Dollar was in its third consecutive session of gains against the US Dollar on Wednesday.
The US Dollar continued to retreat against the Loonie on Wednesday, as by the middle of the day the currency exchange rate had reached below the 1.31 mark.
Fortunately for the Australian Dollar, the US counterpart lacked the strength to post significant gains against it on Tuesday.
The European single currency appreciated 78 pips against the Japanese Yen, successfully climbing over the 122.00 handle yesterday.
EUR/AUD recovered following an extensive downfall over the period of 2009-2012. The pair at first sketched a rising wedge, just to break it and target the 23.60% Fibonacci retracement and dash through some of the major pitchfork levels. The current uptrend set a ground at 1.1732 and is working on abandoning it for good, and regardless of the bearish nature
The yellow metal dropped back to the 1,200 level, which had not been seen since Friday.
Strong US fundamental data helped the Greenback negate most of Monday's losses yesterday, but with the four-week down-trend remaining intact.
Tuesday ended relatively pleasant for the British currency, being that it managed to erase most of intraday losses yesterday.
The common European currency continues to depreciate against the US Dollar, as the rate is in its bounce off from the upper trend line of the medium term ascending channel pattern.
During the first half of Tuesday's trading the Kiwi saw almost equal volatility to both sides, but remained almost flat against the Greenback near the 0.7230 mark.
By the middle of Tuesday's trading session the US Dollar had surged and touched the 1.33 level against the Canadian Dollar.
The Aussie found itself in a rather tricky situation today. On one hand, the AUD/USD currency pair is supported by the ascending channel's lower boundary, which should cause another rally today as on Monday.
Monday ended with the EUR/JPY pair edging lower and, as expected, with the immediate support failing to limit the losses, but with the second one succeeding.
As forecasted before, the yellow metal surged back up to the resistance cluster, which surrounds the 1,220 mark, and bounced off it.
The US Dollar's relatively sharp decline against the Japanese Yen yesterday caused the bearish trend to be reconfirmed.
The Sterling overperformed on Monday, having climbed over the 1.25 handle, even piercing the second resistance cluster at 1.2515.
During the early hours of Tuesday's trading session the common European currency began a decline against the US Dollar.
The New Zealand Dollar surged by the middle of Monday's trading session against the Greenback.
The US Dollar declined by the middle of Monday's trading session against the Canadian Dollar. During the move the pair managed to fall as low as the 1.3270 mark.
The AUD/USD currency pair remained relatively unchanged by the end of the inauguration day, putting the ascending channel's support line to the test.
Friday ended with the Euro outperforming the Japanese Yen for the third consecutive time, but the 123.00 major level remaining intact.
In the early hours of Monday's trading session the bullion surged to the 1,215 mark.