As apparent on the chart, the sluggish Canadian GDP data release mid-Tuesday pushed the pair back in the channel up which was breached earlier in the session.
Following a reversal from the upper boundary of the junior descending channel early on Tuesday, the Aussie was expected to move south towards its lower boundary.
The common European currency was dominated by upside risks on Tuesday in the result of which it surged up to the bottom boundary of the previously-breached ascending channel near 132.80.
In line with expectations, until release of the US macroeconomic data the pair was moving relatively steady.
As it was expected, a release of positive consumer sentiment data elevated the pair to the 113.70 mark, which represented an approximate location of different moving averages.
Although the US economy showed convincing signs of growth, the Pound continued to rapidly appreciate against the Dollar yesterday.
Despite a release of various macroeconomic data yesterday, including the Euro Zone CPI and CB Consumer Confidence, the pair did not make any sharp moves and continued to move horizontally between the 100- and 55-hour SMAs.
The Kiwi was set for a minor appreciation against the US Dollar on Monday; however, sluggish fundamentals increased downside pressures on the Antipodean currency which fell 25 pips within the first hour today.
The US Dollar did not introduce any changes to its general price level, as it remained below the 55-hour SMA for the second consecutive session.
As apparent on the chart, AUD/USD reached the upper boundary of the minor descending channel early on Tuesday.
The common European currency edged slightly lower on Tuesday and consequently breached the trading range that had confined the pair for the last six weeks.
The gold prices continued to rise on Monday, following reports about the 1.3% PCE Price Index release as well as rumours that President Trump will chose Governor Powell to replace the current Fed Chair Janet Yellen.
On Tuesday, the Bank of Japan left the interest rate, target inflation and core inflation forecast unchanged.
The first arrests made in result of Robert Mueller's investigation as well as anticipation of the upcoming interest rate hike helped the pair to prematurely break through a massive resistance set up by three moving averages plus the weekly PP at 1.3160.
In line with expectations, the Euro continued to successfully recover against the Dollar until it met the first line of defence set up by the monthly S1 at 1.1658.
Even though the Kiwi has maintained its general movement southwards, downward pressure seems to have allayed, thus paving a way for a minor appreciation on Friday.
After reaching a new three-month high at 1.2910, bears took the initiative and dominated the market during the last trading hours on Friday.
Following a minor period of consolidation of Friday, the Aussie picked up speed and managed to reach the 55-hour SMA circa 0.7680.
EUR/JPY remained steady within the first half of Friday, and it seemed that the same lack of direction would prevail until the end of the day.
From technical perspective, the pair had all means to reach the bottom trend-line of a dominant ascending channel.
New trading week the currency rate stared in a limbo between the 200-hour SMA from the bottom and a combination of the weekly PP, the 55- and 100-hour SMAs from the top.
Friday's trading session was significant for two reasons. On the one hand, the cable managed to break through the lower trend-line of the senior ascending channel.
In result of the previous trading session, the currency exchange rate slipped through the updated 23.6% Fibonacci retracement level at 1.1679 and, in essence, made a rebound from the bottom trend-line of a dominant descending channel.
NZD/USD was stranded between the 55-hour SMA and the weekly S1 on Thursday.