The NZD/USD currency pair retreated upon reaching the 20-day SMA on Friday , while positive US GDP data caused the NZ Dollar to edge 20 pips lower.
Even though the US Dollar appreciated against its Canadian counterpart last Friday, the pair might still encounter some obstacles before fully regaining the bullish momentum.
The Aussie ended the previous week lower against the American Dollar, but unable to edge below the 0.75 psychological level.
Friday was a rather uneventful day for the EUR/JPY currency pair, as it edged only seven pips higher that day.
The bullion is continuously set to hover in limbo after the commodity market returned back to trading on Monday morning, meaning the outlook is largely the same as we had indicated on Friday.
The USD/JPY currency pair took another step closer towards the current bearish channel's resistance line, but with the bullish momentum limited, amid the 20-day SMA somewhat providing resistance.
The British Pound remained almost completely unchanged against the US Dollar on Friday, with the monthly PP limiting the losses at 1.4141.
Trading volume on Friday dropped to even lower levels than during the pre-Christmas season, but it failed to raise volatility of the EUR/USD cross.
In spite of experiencing some volatility on Thursday, the Kiwi still remained almost completely unchanged against the Buck.
The Greenback outperformed the Loonie on Thursday, putting the nine-week down-trend to the test, but unable to pierce it.
The Antipodean currency failed to regain the bullish momentum, but also failed to maintain trade below the 0.75 mark.
The Euro outperformed the Japanese Yen on Thursday, having preserved the ascending channel pattern.
Bearish market participants continued to push gold prices to the downside on Thursday.
The US Dollar was able to outperform the Japanese Yen on Thursday, with the 20-day SMA limiting the gains.
The Cable managed to recover from its intraday low on Thursday, as fundamental data turned into Sterling's favour.
As a result of the whole trading day on March 24, the most popular FX pair lost only six pips.
Even though the New Zealand currency weakened against the US Dollar on Wednesday, the pair was able to stabilise on top of the 0.67 major level, rather than under it.
The US Dollar took advantage of falling oil prices and outperformed the Canadian Dollar on Wednesday.
The Aussie weakened against the US Dollar on Wednesday, mainly due to positive US fundamentals and hawkish comments of Fed officials.
The EUR/JPY cross retreated again on Wednesday, but with trade once again closing near the monthly PP.
Gold sank the most since July 2015 yesterday, by coming down from the 1,250 area in the beginning of daily trading to below 1,220 later.
The USD/JPY pair was unable to sustain growth yesterday, resulting in the exchange rate remaining flat over the day.
‘Brexit' fears continued to weigh on the British Pound, even causing it to plunge under the monthly PP yesterday.
EUR/USD eased for a fourth consecutive working day on Wednesday, but scope of losses remains insignificant.