The Aussie edged lower against its US counterpart yesterday, after the US Existing Home Sales data surprised with a stronger figure.
The Euro rebounded from its intraday low yesterday ahead of today's ECB meeting, ultimately remaining relatively unchanged against the Yen, as trade closed with an only five-pip rally.
Yesterday the yellow metal was growing as high as 1,258 or above the first weekly resistance line.
Fears of the BoJ intervention keep driving the Japanese currency lower this week, with another USD/JPY rally taking place on Wednesday.
The Cable dropped slightly under the weekly R1 on Wednesday, confirming the bearish scenario.
Bullish intentions of the Euro failed near the 1.1390 mark on Wednesday.
Tuesday's rally caused the New Zealand Dollar to break through the upper border of the broadening rising wedge pattern, rather than a rebound and an eventual breakout through the lower boundary.
Due to being a commodity-based currency, the Canadian Dollar strengthened after versus the Greenback yesterday, as prices for oil surged that day.
On Tuesday the Australian Dollar appreciated against the American Dollar for the fourth consecutive day, with the rally triggered by rising commodity prices.
Although the EUR/JPY's volatility stretched out towards the weekly R2 at 124.49, the pair still stabilised in front of the weekly S1 at 124.00, fuelled by the return of risk appetite.
The bullion grabbed benefits from weaker US Dollar on Tuesday, by soaring the most in a week to close at 1,250.
Even though the US Dollar managed to take advantage of risk appetite and outperform the Japanese Yen on Tuesday, risks of the pair edging lower today persist.
The Us currency weakened on Tuesday, allowing the British Pound to take the upper hand once more and reach the 1.44 mark over the day.
Even though the volume of trading for the EUR/USD cross remained broadly flat for a third day on Tuesday, it did not stop the bulls from pushing the pair up by 46 pips.
The NZD/USD currency pair behaved in accordance with expectations yesterday, as it edged higher and closed at the 12-week resistance line.
The US Dollar dropped more than 160 pips against its Canadian counterpart on Monday, slumping back under the 1.28 major level.
The Euro somewhat met expectations yesterday, as it managed to edge higher against the Yen and even retake the 123.00 psychological level.
Not only did the Aussie erase the bearish gap yesterday, but also pierced the seven-month resistance trend-line.
Monday's intraday rally was extending through the weekly and monthly pivot points at 1,239/41.
Amid the return of risk-on sentiment, the US Dollar managed to strengthen against the Japanese Yen on Monday, even stabilising above the immediate resistance cluster.
The Sterling surprisingly recovered on Monday, due to the European stock market rebound triggering demand for riskier assets.
As expected, EUR/USD's development, prior to the ECB event later on Thursday, remained relatively calm on April 18.
The New Zealand Dollar almost completely erased its preceding day's losses on Friday, having climbed back over the 0.69 mark.
Even though the Greenback suffered a slight loss on Friday and erased Thursday's gains against the Canadian counterpart, a continued decline in oil prices caused the USD/CAD pair to open with a bullish gap today.