As was anticipated, the USD/JPY pair's volatility was limited by the 110.50 level yesterday, but the exchange rate still closed lower, namely on top of the 55-day SMA.
The British Pound once again managed to outperform the US Dollar, reaching the 1.47 major level yesterday, where the Bollinger band coincides with the 22-month down-trend.
EUR/USD consolidated under the 100-day SMA on Wednesday, thereby pushing our short-term outlook further downwards.
For the second day in a row the New Zealand Dollar was unable to climb over the weekly PP, thus, the exchange rate edged lower yesterday.
As was anticipated, the US Dollar weakened against its Canadian counterpart on Tuesday, but managed to remain elevated above the 1.31 mark.
They AUD/USD currency pair almost completely fell in line with expectations, as the exchange rate closed at the 0.7182 level, rather than the expected 0.7177.
The Euro barely changed against the Japanese Yen on Tuesday, having edged only four pips lower.
The bullion posted the most bearish trading session since March 23 yesterday, by losing about $22 from its day's open price.
The US Dollar managed to appreciate against the Japanese Yen yesterday, almost completely negating Monday's losses, with trade closing at the 110.00 mark.
The Sterling overperformed on Tuesday, as it surged over the 1.46 level and closed at 1.4635.
By losing 80 pips or about 0.7%, the EUR/USD currency pair dropped the most in four days on Tuesday and closed the session below the 100-day SMA and weekly S1 at 1.1140.
The New Zealand Dollar's performance yesterday was identical to the Aussie's, as only a small loss took place.
Despite the American Dollar outperforming its Canadian counterpart for the fifth time in a row yesterday, the USD/CAD's bullish potential appears to be fading.
For the third consecutive time yesterday the Aussie remained relatively unchanged against the US Dollar, having edged only a few pips lower.
Risk aversion drove the EUR/JPY lower on Monday, with the pair suffering a larger than a 90-pip loss.
Over four trading days through Monday of this week the precious metal has fallen by about 2.5% of its value and the sell-off continues to take place today.
The risk-off sentiment drove the USD/JPY currency pair lower on Monday, having put the rising wedge's support line to the test.
The Cable was rather volatile on Monday, but ended the day in the red zone with a 21-pip loss.
While the bulls have attempted to send the EUR/USD pair above 1.1240 on Monday, their bearish peers tried to close it below 1.1190 amid hike-supportive speeches of Fed officials.
The New Zealand currency inched higher last Friday, with the immediate resistance in face of the weekly PP preventing the exchange rate from rising further.
Even though the US Dollar appreciated only 20 pips against the Canadian Dollar on Friday, the 1.31 target was still reached, as expected.
The previous week ended with the Aussie remaining flat against the US counterpart for the second day in a row.
The EUR/JPY currency pair behaved in accordance with expectations on Friday, as the exchange rate edged higher, erasing all weekly losses, but unable to climb over the monthly PP.
Friday was the second day in a row when gold prices failed to slide below the 55-day moving average line, currently placed at 1,249.95.