Although the Sterling was outperforming the US Dollar through most of the previous week, on Friday approximately a half of intraweek gains were erased, with the pair falling more than 100 pips and stabilising in front of the 1.45 mark.
For the first time in four days the EUR/USD pair rebounded on Friday of the last week, while the gains are being extended on Monday.
On Thursday the NZD/USD currency pair remained relatively unchanged, having edged only four pips higher.
Although the US Dollar managed to outperform the Canadian Dollar yesterday, the exchange rate failed to stabilise above the 1.31 major level.
A decline in oil prices drove the Aussie lower against the Buck yesterday, but a poor reading of the Philly Fed Manufacturing Index caused the pair to almost completely erase the intraday losses.
Even though the Euro declined against the Yen on Thursday, the weekly PP managed to keep the cross elevated.
Gold prices continued to diminish on Thursday, as the weekly S1 at 1,257.01 was successfully confirmed.
The USD/JPY currency pair underwent a corrective decline on Thursday, but was unable to breach any significant technical level.
The Pound failed to post significant gains against the US Dollar on Thursday, despite the immediate resistance in face of the weekly R2 being retaken.
Even by sliding only 12 pips on Thursday, the EUR/USD currency pair has set a tone for deeper losses in the foreseeable future and prolonged its drop for a third straight day.
The Kiwi sustained rather sharp losses on Wednesday, also falling below the 0.6760 mark, the level that kept the NZ Dollar elevated for six weeks.
The US Dollar climbed over the 1.2962 psychological resistance, even managing to retake the 1.30 major level yesterday.
With the FOMC stating that a June rate hike is still on the table, the Greenback was able to outperform the Australian counterpart, pushing the pair towards the third support level, namely the weekly S1 at 0.7217.
For the second consecutive day the Euro remained relatively unchanged against the Japanese Yen, having appreciated only ten pips.
Yesterday the precious metal performed a substantial sell-off on the back of growing American Dollar.
As was first anticipated, hawkish FOMC Meeting Minutes triggered another USD/JPY rally yesterday, which led to the breakout from the falling wedge pattern.
Still being driven by political factors, namely the upcoming EU referendum, the Sterling managed to advance more than 130 pips against the US Dollar yesterday.
The Federal Reserve's expectations on hike interest rates in June caused the Dollar's rally on Wednesday.
The New Zealand Dollar edged up against the US counterpart yesterday, but failed to post significant gains.
Although the US Dollar experienced substantial volatility on Tuesday, the given pair remained relatively unchanged and only managed to climb over the immediate resistance in face of the weekly PP.
The AUD/USD currency pair was able to only pierce the immediate resistance and close trade at 0.7325.
The EUR/JPY pair was unable to maintain trade above the 124.00 mark on Tuesday, as the immediate resistance cluster proved to be impenetrable.
Three consecutive days of gains resulted in the testing of the weekly R1 back on Monday, but yesterday gold has been relatively quiet in its movements.
Despite substantial upside volatility, the US Dollar was unable to stabilise above the resistance line of the falling wedge pattern.