Despite having strong downside volatility, the Aussie managed to close above the 20-day SMA on Monday.
The confidence in the European common currency continues to increase, as EUR/JPY managed to dash through the 55-day SMA, the weekly R2, the 38.2% Fibo and the monthly PP in the first half of today's trading session.
During the early hours of Tuesday's trading session the yellow metal's price declined.
The Greenback underwent a corrective decline on Monday, but the losses against the Yen slightly exceeded expectations, as trade closed below the 110.00 major level.
As was anticipated, the Sterling began the week on the back foot, having lost 45 pips against the US Dollar yesterday.
The common European currency remained almost unchanged on Tuesday morning against the US Dollar, as the currency exchange rate traded near the 1.0860 mark.
During the first half of Monday's trading session the Kiwi was in a retreat against the US Dollar.
By the middle of Monday's trading session the US Dollar remained almost unchanged against the Canadian Dollar below the 1.35 level.
Uncertainty in the commodity market has had negative effect on the Australian Dollar.
The encouraging results of French election on Sunday increased confidence in the Euro, as the pair's opening price was set at the 100-day SMA
On Monday morning the yellow metal was recovering after the low opening and fall caused by the French presidential election.
The USD/JPY currency pair remained relatively unchanged on Friday, retaining its position above the 109.00 mark.
Downbeat UK Retail Sales were unable to relieve the British Pound of its strength, as it erased all intraday losses and held its positions above the 1.28 against the US Dollar on Friday.
Due to the French election induced certainty in the Euro the EUR/USD currency exchange rate began the week at 1.0923, which is almost 200 base points higher than the Friday's closing price.
By the middle of Friday's trading session the NZD/USD currency exchange rate remained close by to the 0.70 level, where it began the session.
During the first half of Friday's trading session the Greenback retreated against the Loonie.
During the early hours of today's trading session, AUD/USD was trading below the 100-day SMA.
Not being able to overcome the resistance cluster formed by the weekly R1 and the monthly S1 circa 117.22, EUR/JPY tumbled during the first hours of today's trading session.
During the early hours of Friday's trading session the yellow metal continued to trade above the 61.80% Fibonacci retracement level, which is located at the 1,278.73 level.
The Buck strengthened on Thursday, adding just under 50 pips against the Yen, thus, prolonging the descending channel pattern.
A failure to edge lower on Thursday suggested that the Cable has entered a period of consolidation and is likely to remain within its current trading range today, namely between 1.2750 and 1.29.
On Friday morning the common European currency against the US Dollar traded once more below the weekly R2, which is located at the 1.0729 level.
During the first half of Thursday's trading session the New Zealand Dollar fluctuated against the Greenback in the range of two previous trading sessions.
By the middle of Thursday's trading session the US Dollar remained almost unchanged against the Canadian Dollar.