At the end of the previous week, the Greenback barely climbed over the 1.30 mark again, but another rally is likely to take place today.
The Aussie retreated towards the 0.76 major level on Friday, undergoing the expected correction.
The European currency declined against the Japanese Yen again last Friday, but the monthly PP and the ascending channel's support line managed to keep the pair from edging lower.
The bullion continues to pare the rally, which took place throughout the previous week amid dovish policy decisions of the Fed.
As was anticipated, the USD/JPY currency pair recovered from its intraday low on Friday, but was unable to post significant gains, due to the Bollinger band providing sufficient resistance.
The British currency remained relatively unchanged against the US Dollar on Friday, but edged slightly lower over the weekend, unable to maintain trade above the 1.45 mark.
The bulls failed at the multi-month downtrend line (1.1320) on Friday and were thereby forced to commence a correction to the 1.1260 area.
The New Zealand currency rallied against the US Dollar for another day yesterday, reaching a fresh 2016 high of 0.6860.
The USD/CAD currency pair misbehaved on Thursday, as it plunged below the expected target of 1.30.
The Aussie had another day of good performance yesterday, as it climbed over the 0.76 major level and established a new eight-month high of 0.7647.
The EUR/JPY currency pair remained relatively unchanged on Thursday, but with the bearish momentum still prevailing with a 27-pip decline.
Gold's intraday gains were extending beyond the 1,270 mark on Thursday, but the bears consolidated their power and made prices suffer.
The USD/JPY currency pair slumped for the fourth consecutive day yesterday, retaining its post-Fed weakness.
On Thursday the Sterling skyrocketed against the US Dollar, meeting resistance only at the third target, namely weekly R1 at 1.4510.
EUR/USD rallied for a second day in a row on Thursday, owing to weaker US Dollar in the wake of dovish Fed decisions a day before.
The Greenback's decline against its Canadian counterpart somewhat broke through the target support area, leaving only the lowest level of the cluster, namely the monthly S2, to limit the losses yesterday.
On Wednesday the Aussie appreciated against the American Dollar, erasing Monday's and Tuesday's losses, due to the Fed's dovish statement and an increase in oil prices.
Due to the Fed's dovish statement on Wednesday, the New Zealand currency soared against the US Dollar, completely negating this week's losses.
The Euro strengthened against the Japanese Yen on Wednesday, amid the BoJ leaving its interest rate policy unchanged.
The bullion commenced a reliable recovery on Wednesday, owing to softer than expected rate projections from the Fed.
The Fed's dovish statement weakened the US currency on Wednesday, allowing the Yen to push the pair beyond the triangle pattern's support line.
The British Pound managed to recover from its intraday low yesterday, amid a dovish Fed statement.
The Federal Reserve turned somewhat bearish on monetary policy yesterday, therefore leading to weaker Greenback and uplifted EUR/USD cross.
Trouble in the New Zealand's dairy sector triggered a 75-pip decline in the NZD/USD currency pair yesterday.