The pair started the day with a move higher from previous close at the 0.8163 level. In spite of surpassing the weekly S1 at 0.8183, the AUD failed to hold the gains versus its US counterpart and slid back to trade at lower prices.
While the pair continues to trade in a neutral territory, the daily candle failed to hold its position above the weekly S1 at 146.44 and dipped to the downside, after touching the 4-hour resistance level at 146.93.
On Thursday, Gold increased in price and was able to jump above the monthly R1, reaching the daily high around $1,214.
The USD/JPY cross has not changed much since yesterday, as it continues to challenge the weekly PP at 119.38.
Since the last time of writing the pair has managed to reverse the sharp drop that took place late on Wednesday and currently it is hovering around the weekly PP at 1.5672.
EUR/USD pair continued to trade under the bearish pressure, as they pushed the cross below 1.23.
NZD/USD is doing considerably better than yesterday, after the retreat was halted by the monthly S1 at 0.7687.
Since Monday's jump, when the USD/CAD cross reached a new high this year at 1.1675, it has moved only downwards.
After yesterday's drop below the 0.82 mark, the pair has recovered today and it trades around the weekly S1 at 0.8183.
This far in the week the only notable move was witnessed on Monday, when the pair plummeted around 150 pips.
On Tuesday, the price of Gold was very volatile.
The cross received a bullish impetus around the weekly S1 at 116.91 that let the pair to touch the 119 level.
GBP/USD has plummeted below the weekly S1 at 1.5586 and is hovering around this year's lows.
On Wednesday, the EUR/USD experienced notable changes during the trading session, especially following hawkish news from the Fed on future interest rates.
The Kiwi/Dollar continue to hover between the daily and monthly PP at 0.7754/0.7832, as it has done for the whole week.
After the jump in price on Monday, the USD/CAD has calmed down and it is trading around the weekly R1 and monthly R2 at 1.1651/35.
The AUD/USD cross has dropped below the 0.82 level that served as a support level for awhile.
Obviously, nothing much has changed since yesterday, as the pair continues to trade between the monthly PP at 145.77 and the weekly S1 at 146.44.
On Tuesday, the price of Gold was very volatile. During some points of time the bullion managed to climb even above the weekly pivot point, which is located at $1,215.
After a brief dip below the weekly S1 and monthly PP at 116.92/75 yesterday, USD/JPY rebounded above the support levels.
The pair continue to hold its positions above the 1.57 level; however, at the same time its seems to be somewhat stuck between the weekly and monthly PPs.
Most traded currency cross on the FX market rebounded considerably on Tuesday, as the Euro surged above the monthly PP.
The weekly PP at 0.7754 has given the pair necessary bullish bias to rebound above the 0.78 mark today.
Even though the USD/CAD has gained strongly over the past months, the overall bias still remains in the positive territory.