The NZD/USD pair's performance was similar to the USD/CAD's, as it remained relatively unchanged over the past 24 hours, with exception of experiencing a four-pip rally.
Upon reaching the nearest resistance around 124.60, the EUR/JPY cross lost momentum and retreated from its intraday highs, ultimately closing with a 14-pip rally.
Bullion prices are quite volatile this week, as gains are quickly changed by massive sell-offs.
The bears have completely controlled the market on Thursday.
Even though the USD/JPY currency pair appreciated yesterday, the impetus provided was insufficient for the Buck to climb over the 109.00 mark.
The Sterling experienced substantial volatility on Thursday, but remained almost completely unchanged against the US Dollar, unable to stabilise above the immediate resistance in face of the 20-day SMA.
The Greenback took another step down yesterday, prolonging its recently acquired bearish trend against the Loonie.
The European single currency sustained a minor loss against the Japanese Yen on Wednesday, but with the monthly PP managing to hold the losses.
The New Zealand overperformed on Wednesday, as the exchange rate not only climbed over the 0.68 psychological level, but even pierced the immediate resistance in face of the monthly S1 and the 55-day SMA.
The Aussie barely managed to outperform its US counterpart, with the pair appreciating only 14 pips on Wednesday.
Despite large-scaled rally of gold futures on Wednesday, the bullion is being pushed back to the downside in the early morning of Thursday.
Risk aversion drove the USD/JPY lower on Wednesday, with the pair almost completely erasing Tuesday's gains and the monthly PP limiting the losses.
The Cable remained relatively unchanged against the US Dollar on Wednesday, having edged only seven pips higher
Provided with heavy bid momentum at 1.1375, yesterday the EUR/USD currency pair commenced a major rebound above the 1.14 mark and closed the session to the upside for the first time in seven days.
On Tuesday the Kiwi reached a five-week low, but managed to recover and close trade on top of the immediate support cluster, having experienced only a 13-pip drop against the Buck.
Upon putting the 1.30 major level to the test, the USD/CAD currency pair appears to have lost the bullish momentum and is slowly, but steadily, moving downward.
Yesterday demand in face of the monthly S2 caused the Aussie to recover against the US Dollar and erase Monday's losses completely.
The EUR/JPY cross managed to climb higher for the second consecutive day, having reached the second resistance area around 124.40.
Outlook for gold prices is remaining moderately bullish, as long as the spot is holding the most immediate support line represented by the 20-day SMA at 1,262.44.
On Tuesday the US Dollar edged higher against the Yen, prolonging its bullish momentum after a sharp 500-pip slump two weeks ago.
The British Pound rebounded from the 1.44 mark on Tuesday, having climbed over the immediate resistance cluster.
EUR/USD ended the sixth consecutive trading session with a moderate loss, but the spot is still being provided with bullish momentum coming from the 20-day SMA and March-April uptrend at 1.1372.
Yesterday the Greenback was unable to largely outperform the Loonie, as the pair was unable to maintain trade above the 1.30 mark, as the supply area at 1.3013 pushed it lower.
The AUD/USD currency pair suffered a 40-pip loss on Monday, but unable to drop under the 0.73 psychological level, as it is bolstered by the monthly S2.