Despite the release of better that expected American income data, the Greenback failed to exploit this fundamental background and eventually depreciated against the Pound.
In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern.
As the US fundamental data sets were released on Friday, the NZD/USD pair began to plummet.
The US Dollar bounced around against the Canadian Dollar at the middle of Friday's trading session. The reason for such fluctuations was the fact that the US and Canadian unemployment data sets were released simultaneously.
After passing the rather strong support against the US Dollar, the Australian Dollar has continued to decline in the last 24 hours.
The decline of the common European currency on Thursday against the Japanese Yen continued exactly as expected.
In accordance with expectations, the yellow metal managed to restore some lost positions against the buck yesterday.
In first half of the day the pair continued to move, as expected. However, a speech delivered by Governor Powell created a favourable impulse for the buck and elevated it against the Yen by 0.36% just in couple of hours.
In line with expectations, traders used the 55-hour SMA as a benchmark to push the rate in the southern direction.
In result of the previous trading session, the currency exchange rate made a rebound from a combined resistance set up by the 200-hour SMA and the upper edge of a junior descending channel.
After failing to breach the 100-hour SMA near 0.72 on Wednesday, the bearish sentiment prevailed and sent the pair down to the weekly S1 once again.
The Greenback remained stable against the Canadian Dollar, as the momentum sideways which began early on Wednesday continued to prevail in this session, as well.
Thursday's trading session did not introduce any changes to the overall price level, as AUD/USD remained slightly below the 200-hour SMA for the whole session.
Contrary to expectations, the common European currency was able to gain strength and surpass the 55– and 100-hour SMAs on Thursday.
A release of better than expected data on the US non-manufacturing activity initially caused a great anxiety in the markets.
In line with expectations, the currency rate reached and made a successful rebound from the bottom trend-line of a senior ascending channel.
The British Pound is continuing to trade lose value against the American Dollar in a one-month-long descending channel.
In general, the pair continued to move horizontally between the 200-day SMA and the 100% Fibonacci retracement level, as expected.
The New Zealand Dollar remained near the weekly S1 at 0.7159 during the most of Tuesday's session.
After reaching the 1.2540 mark early on Tuesday, bearish sentiment dominated the market for the whole trading session.
Even though the Aussie was stranded below the 55-hour SMA for three trading session, bulls found strength and pushed the given currency above this resistance area.
EUR/JPY was stranded between the 55-, 100– and 200-hour SMAs mid-Tuesday.
Because of the speech that is expected to be delivered by the Fed Chair Janet Yellen at a banking conference in St. Louis, the gold traders not only managed to pull the pair from the weekly S1 lying at the 1,266.63 level but also to push it from a junior descending channel.
As it was expected, after a rapid short-term surge the pair stopped at the 113.21 level and then began to move to the bottom, breaking from a dominant ascending channel.