The Greenback managed to appreciate against the Japanese Yen yesterday, with trade closing in front of the 113.00 major level—right in the middle of the immediate resistance cluster.
The Sterling experienced another leg down on Tuesday, falling under 1.31 major level.
The yellow metal is slightly recovering on Wednesday, as it plunged and reached below the 1,310 level on Tuesday.
The common European currency rebounded against the support provided by the weekly S1 at 1.1132, and it is surging on Wednesday morning, as the rate faces no resistance up to the level of 1.1203, where the 20-day SMA is located at.
On Tuesday, the Kiwi remained volatile against the US Dollar around the same level as on Monday, as the currency exchange rate bounced up and down near the 0.7250 level.
The US Dollar continued to surge against the Canadian Dollar by the middle of Tuesday, as the rate was struggling with resistance put up by the monthly pivot point at 1.3043.
Despite strong downside volatility yesterday, demand, represented by the immediate support cluster, was sufficient to keep the AUD/USD currency pair elevated.
The EUR/JPY currency pair remained relatively flat yesterday, having erased all intraday gains and settled with a 16-pip loss, thus, leaving the 114.00 major level intact.
2016 kicked off with an attempt at seven-year lows, and the pair established decent support at the 70 cent mark in the monthly chart, which implies that it has limited downward potential if March 2009 lows are not broken. However, that might just be the case as the weekly channel shows no signs of weakness. The Aussie encountered a dynamic
The yellow metal opened Tuesday's trading session higher than the previous Monday's close, as the metal traded above the 1,320 level on Tuesday morning.
On Monday the USD/JPY currency pair remained relatively unchanged, but still edged below the 102.00 major level.
The common European currency is threading lower against the US Dollar, as the rate has retreated below the Monday's opening price of 1.1174.
Even though the British currency failed to outperform the American Dollar on Monday, it lost only 13 pips that day, managing to retain its position above the 1.31 mark.
The Kiwi initially surged against the US Dollar, as Janet Yellen began to speak.
The US Dollar continues to score gains against the Canadian Dollar on Monday, as it surged on Janet Yellen's announcement that the US Federal Reserve is most likely to raise rates.
Being driven by Fed head's comments, the AUD/USD currency pair erased all intraday gains on Friday and ended the day with a 52-pip decline, finding support only in front of the monthly PP.
The European single currency overperformed on Friday, having surged beyond the 114.00 psychological level against the Japanese Yen.
The Greenback strengthened across the board on Friday, triggered by Fed Yellen's surprisingly hawkish statement that day.
The GBP/USD currency pair retreated from its intraday gains on Friday and ended the day with a 53-pip loss, amid Fed Yellen's statement that there might be two rate hikes by year's end.
The yellow metal moved below the 1,320 mark on Monday morning, as the metal is in its seventh consecutive session of decline. During this session, the commodity formed a downward aimed channel pattern, which indicated that the rate is set to reach at least the monthly S1 at 1,315.53 during today's trading session.
The common European currency depreciated against the US Dollar on Friday, as chairwoman of the Federal Reserve, Janet Yellen indicated at two not only one rate the central bank's rate hikes until the end of this year.
The overall outlook on the pair is bearish, as the rate trades under the 10-month trend-line that was initiated back in Q4 of 2015. Recently, the sell-off has intensified, as the price has distanced itself from the resistance line with the help of the Brexit vote.Nevertheless, there are signs that the pair might recover considerably over the upcoming months. Four-hour
The US Dollar is falling against the Canadian Dollar, as the 100-day simple moving average, which was located at 1.2926 mid-Friday, finally pressured the currency exchange rate to fall.
Thursday ended with the Aussie erasing most of its intraday gains, thus, with the pair unable to preserve the up-trend.