Bearish pressures have dominated the pair since December 22.
The Australian Dollar continues to gradually appreciate against the US Dollar for the sixth consecutive session.
The last trading session of 2017 was dominated by the bullish sentiment.
Due to the increase of the US Dollar's weakness the yellow metal's price has continued to climb. Moreover, the continuation of the surge is set to continue.
currency pair's charts. The Euro has broken various resistance levels against the US Dollar.
Following a 40-pip plunge during the first half of Friday, the pair managed to recover some of its lost positions during the following hours.
Upside risks dominated GBP/USD during the last trading day of 2017.
The New Zealand Dollar continued to surge against the Buck also on Friday. The situation is quite similar to other US Dollar's pairs. However, there is a slight difference on the NZD/USD chart.
There is not much to mention in regards to the development on the USD/CAD currency pair's charts. The pair continues to decline in the previously marked channel down pattern, as the US Dollar continues to lose strength.
Although the US Dollar's weakness had continued on Friday on almost all of the financial instruments that involve the US currency, the AUD/USD pair was an exception.
Although the EUR/JPY currency pair was expected and even made an attempt to decline as it bounced off the resistance near the 135 mark, the currency exchange rate remained in the same rate on the last day of this year's trading.
Thursday's trading session did not introduce massive changes to the pair's movement, as bulls continued to dominate the yellow metal.
After bouncing off the 61.8% Fibo retracement at 1.1887 late on Wednesday, the broadly-base weakness of the US Dollar allowed the Euro to close Thursday's trading session with a 55-pip gain.
The strong momentum south that was driving the US Dollar early on Thursday stopped when the rate reached the monthly PP at 112.70.
Thursday's trading session was rather uneventful for British Sterling, as it remained fluctuating between the weekly R1 and the 1.3460 mark for the whole session.
The US Dollar has weakened against major currencies in this session, and the New Zealand Dollar is not an exception.
Despite attempts to reverse near the weekly S2 at 1.2645 on Wednesday, outside pressures continued affect the US Dollar negatively.
Upside risks continue to push the Australian Dollar even higher against its American counter for the fifth consecutive session.
The common European currency managed to reach a new peak mid-Wednesday when it made a reversal from the 134.94 mark.
As most financial instruments that are denominated against the US Dollar, gold prices have surged
The common European currency has gained ground against the US Dollar. The currency exchange rate on Thursday morning was approaching the 1.1940 mark.
The US Dollar extended its losses against the Japanese Yen for the fourth consecutive session.
The Sterling has strengthened against the US Dollar during the past two trading sessions.
Bullish pressures have allowed the New Zealand Dollar to appreciate against the Greenback during the previous 24 hours.