For a fourth consecutive day EUR/USD is posting no considerable daily changes in its value.
In spite of bullish signs, the NZD/USD started the trading week with a plunge. The Kiwi opened trade at 0.7552 and went through the weekly PP level, which failed to stop the pair.
The US Dollar's behaviour was quite predictable, as it performed exactly according to the forecast. USD/CAD grew on Monday, but met resistance as it reached the trendline at 1.2535.
The AUD/USD pair continues to trade withing the borders of the downtrend channel. Yesterday the Aussie plunged, ignoring the 20-day SMA and monthly PP.
On Monday the Euro appreciated against the Japanese Yen for the second day in a row.
On Monday, two simple moving averages (20 and 100-day) came together in order to push the precious metal considerably to the downside.
The Greenback appreciated versus the Japanese Yen yesterday.
Indeed, the GBP/USD pair declined over Monday, but not as much as expected.
EUR/USD stays broadly stable for a third day in a row.
Last Friday New Zealand Dollar rebounded, but, as anticipated, was unable to pierce the weekly R1. Eventually, the NZD/USD pair settled at 0.7558.
After a formidable rebound, the USD/CAD pair slightly dropped. The Greenback also appears to have entered a downtrend against its Canadian counterpart.
Following a sharp fall on Thursday, the Aussie managed to gain some value last Friday. However, AUD/USD edged up only nine pips before it met resistance.
After a rather sharp decline the Euro managed to regain some ground, but was unable to breach the weekly S1 at 133.86.
It seems that a major round level of 1,200 succeeded in providing Gold with considerable bullish momentum.
USD/JPY extended its gains last Friday, but added only 17 pips.
GBP/USD rebounded a bit after a sharp fall on Thursday.
After a sharp drop amounted to 160 pips on Thursday, the shared currency stabilised a day later.
New Zealand Dollar got pressured by the US Dollar on Thursday, amid the US data having better figures than expected.
On Thursday, the USD/CAD pair rebounded, adding 80 pips. The Greenback settled between the weekly PP at 1.2484 and R1 at 1.2514.
After a two-day rally the Aussie reached the weekly R2, where it intersects the upper trendline, forcing the pair to bounce back
Surprisingly, the EUR/JPY cross declined sharply on Thursday. The single currency breached the 20-day SMA and even the 100% Fibo with the weekly S1.
Despite broad bullishness of the US Dollar on Thursday, the price of gold retained its upward momentum and hit as a result resistance at 1,215.68/1,211.90, created by the 100-day SMA and weekly PP.
As expected, USD/JPY failed to slump yesterday. Moreover, the pair rallied and met the weekly R1, before settling at a two-week high of 119.41.
On Thursday, GBP/USD tested a cluster of resistances around 1.5560 and declined earlier than anticipated.