Following the massive plunge in the wake of combined data release from the US and Canada at 1230GMT on Friday, the US Dollar made a slight recovery up to the 1.2780 mark.
The Aussie was driven by strong downside risks on Friday that sent AUD/USD for a fall down to 0.7640.
EUR/JPY was stranded between the 100– and 200-hour SMAs on Friday.
As it was expected, formation of a symmetrical triangle pattern embodied anticipation of release of the American data on Friday.
A release of data that beat analysts' expectations not only signified a breakout from symmetrical triangle pattern but also provided a necessary impulse to reach the maximum of July 2017 located at the 114.50 level.
Initially, the Pound tried to restore some and even used a momentum provided by release of better than expected UK Services PMI to climb to the 1.3107 mark.
A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels.
The 55-, 100– and 200-hour SMAs have been leading the Kiwi's movement during the past three sessions.
The 1.2910/1.2815 trading range that had confined the rate since October 27 once again proved to be a strong barrier on Thursday.
AUD/USD was trading between the weekly and monthly PPs for most of the session on Thursday.
The movement of the European common currency during the past session has been guided by the 200-hour SMA, as the pair was unable to move away from the given moving average.
In result of the previous trading session, the exchange rate has formed symmetrical triangle pattern. A combination of the 55-, 100- and 200-hour SMAs in conjunction with the weekly PP located at 1,274.00 suggests that the pair most probably is going to make a breakout in the upward direction.
Contrary to expectations, none of the yesterday's events, including disclosure of some insights about the new tax reform, created an impulse strong enough to force the pair to make a breakout from the rectangle pattern.
A long awaited decision to raise the interest rate led to 110 points depreciation of the Sterling against the Dollar.
The US President Donald Trump named Governor Powell as the new Fed Chair yesterday. However, markets showed little response to this decision, as it was widely expected.
After bouncing off the upper boundary of the junior channel, the New Zealand Dollar was testing the 200-hour SMA and the weekly PP near 0.69 for several hours but nevertheless failed to edge lower.
The US Dollar has maintained the same trading range against the Loonie, thus being located in the 1.2910/1.2815 area for the fifth consecutive session.
The Australian Dollar was stranded above the 55– and 100-hour SMAs on Wednesday, thus trading between the 0.7670 and 0.7690 marks.
EUR/JPY remained stranded between the 100-hour SMA and the weekly and monthly PPs for the whole session on Wednesday.
The Fed Monetary Policy Statement, indicating on the upcoming interest rate hike, led to short-term appreciation of the yellow metal against the buck.
As the FOMC Meeting did not bring any unexpected news, the surge of the rate was limited. In other words, the pair once was stopped by resistance barrier at the 114.24 level.
In result of release of various American fundamental data, the cable stopped the surge and returned back to the 1.3250 mark, from which it made a rebound in the beginning of this trading session.
Contrary to expectations, none of the yesterday's fundamental events led to notable price movements.
The Kiwi was limited by the 55– and 100-hour SMAs for most of the session on Tuesday.