During the last trading session, the US Dollar managed to recover some losses against the Yen, as political tensions in the Korean peninsula eased.
Despite forming a triple bottom, the Pound failed to surge against the US Dollar on Monday.
As it was expected, beginning of the new week the NZD/USD pair spent in a relatively horizontal and steady movement.
In accordance with one of the scenarios expressed on Friday, the USD/CAD currency pair found support at the 1.2674 level.
Contrary to expectations, an impulse created by a release of data on the US CPI last Friday was strong enough to drive the currency rate to the 0.7916 level, where it was eventually stopped by the 200-hour SMA.
An early hours of Monday's trading session revealed that the EUR/JPY currency pair has successfully used an upside moment that was created by a release of data on the US CPI last Friday to surge not only to the 129.46 level, but climb even a little bit higher.
As forecasted, the price of the yellow metal reached the 1,290 mark on Friday.
The recent surge of the Euro against the US Dollar to the 1.1850 mark has forced a review of the situation of the pair.
The US Dollar was relatively flat against the Yen on Friday, thus remaining in the 109.00/20 area for the whole session.
GBP/USD halted at the 1.2960 mark on Friday, thus forming a triple bottom.
The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310.
As it was expected, the USD/CAD currency rate bounced off from the 100-hour SMA near 1.2677 and once again surged to the weekly R1 at 1.2738, and even managed to bypass it for couple of hours.
In line with expectations, the AUD/USD currency pair left a descending triangle formation in the downward direction.
In accordance with expectations, the Euro continued to depreciate against the Japanese Yen until the currency pair reached a support set up by the March 2016 high at the 128.18 level.
The yellow metal's price has broken past the 1,280 mark, which managed to hold off the metal for a couple of hours.
The previous long term support line continued to provide resistance to the currency exchange rate in the previous trading session, as it stopped a rebound of the EUR/USD pair.
Downside risks prevailed on Thursday, thus resulting in a 114-pip plunge in one day.
GBP/USD remained between the weekly S1 and the 100-hour SMA on Thursday, thus providing two additional confirmations of a descending triangle.
The way the currency pair moved yesterday slightly exceeded general expectations. After jumping from the weekly S2 at 0.7310, the rate, indeed, reached the 0.7348 mark.
In accordance with prognoses, the currency pair bounced off from a combination of the 55-hour SMA and the bottom trend-line of an ascending channel, and used this impulse to jump to the desired weekly R1 at 1.2738.
As it was expected, the surge of the Aussie once again was stopped by the 55-hour SMA near 0.7901.
In line with expectations, the Euro used the monthly S1 at 128.80 as a trampoline to surge to the weekly S1 at 129.45.
It can be observed on the hourly chart for the yellow metal that the bullion broke out of the descending channel pattern to the upside.
The Euro traded near the previously active long term ascending channel pattern's lower trend line on Wednesday against the US Dollar.