Just like EUR/JPY, AUD/USD is struggling to get past a major resistance area created by the monthly R1 and 200-day SMA.
EUR/JPY crashed into the major resistance level, which may well prevent further appreciation of the Euro.
The overall outlook on NZD/USD is bearish, being that the currency couple has recently confirmed resistance at 0.77 (200-day SMA), and there is a high possibility of the US Dollar strengthening in the rest of the pairs.
Since mid-March the exchange rate has fallen from 1.28 to 1.20.
The American Dollar has been showing weakness for the past five trading days.
Regardless of nearly all the indicators pointing up, the trading range of USD/JPY keeps narrowing.
As anticipated, supply at 1.58 was enough to stop the Sterling on Friday.
EUR/USD traded in a broad range between 1.1330 and 1.1470 on Friday.
The New Zealand suffered losses yesterday, as technical studies suggested.
As the USD/CAD reached the 200-day SMA, the pair bounced right back all the way to 1.20.
The Aussie suffered minor losses against the Greenback yesterday.
The Euro slightly underperformed yesterday, as it failed to close above the 136 level.
After rising above the 200-day SMA yesterday, the yellow metal attempted to jump even higher, by violating the weekly R3 at 1,221.
Despite expectations, the US Dollar managed to appreciate against the Yen yesterday.
Yet again the Sterling underperformed, but still managed to edge up against the US Dollar.
By piercing through the weekly R1 at 1.1373, the EUR/USD currency pair has approached the long-term downtrend line, which has been active since May of the previous year.
Although the NZD/USD pair's volatility stretched out to 0.7363, ultimately, the NZ Dollar spiked substantially.
The USD/CAD currency pair declined yesterday, making half way to the 1.19 level.
On Wednesday, the Aussie skyrocketed against the US Dollar, reaching the highest level in almost four months.
The Euro managed to climb for another day on Wednesday, as it went over the 135 level.
As a reaction to disappointing US fundamentals, the precious metal grew noticeably on Wednesday, by registering its fastest daily gain in almost three weeks.
On Wednesday, the US Dollar suffered heavy losses against the Yen.
The Cable climbed up the ladder for the third consecutive day this week.
EUR/USD climbed significantly on Wednesday, reflecting continuous US Dollar's weakness.