The resistance in face of the weekly PP at 1.3775 proved to be too difficult to breach, thus, the USD/CAD currency pair edged lower on Monday.
On Monday the Aussie extended its gains against the US currency, amid an increase in oil prices.
The European currency weakened against the Japanese Yen on Monday, with the exchange rate stabilising slightly beyond the Bollinger band, as was anticipated.
Although the USD/JPY inched higher on Monday, the immediate resistance in face of the weekly pivot point limited the volatility, while the pair closed in front of 113.00.
The Sterling dropped more than 200 pips against the US Dollar on Monday, as the odds of a Brexit increased.
Gold managed to find support at 1,210 (monthly R3), which testifies in favour of a rally after the present consolidation is over.
The pair dipped under the 200-day SMA yesterday, which reinforces our near-term bearish outlook on the Euro.
The New Zealand Dollar too was able to almost completely recover from its intraday losses and end the day with a 12-pip loss.
At the end of the previous week the Greenback extended its rally against the Canadian Dollar, barely managing to break through the immediate resistance.
The AUD/USD currency pair managed to preserve the broadening rising wedge pattern last Friday, despite having fallen towards the third support level that day, namely the monthly PP.
On Friday the appeal for safe-haven assets caused the EUR/JPY to break the six-month support line of its bearish channel, but with the target support limiting the losses.
Even despite higher inflation figures, the US Dollar was unable to edge higher against the Japanese Yen on Friday.
A lot better-than-anticipated UK Retail Sales figures on Friday helped the Cable to overcome the 1.44 mark.
Although gold confirmed a breakout by bouncing off of the new support at 1,191.50, the bullion does not seem to be in a hurry to advance further north.
EUR/USD undergoes a downside correction within a bullish channel.
On Thursday the Greenback experienced a corrective rally against the Loonie, with volatility limited by the weekly S2 from the downside and the weekly S1 from the upside.
The Australian Dollar edged lower against its US counterpart on Thursday, driven by a mild decline in oil prices.
The Kiwi/Dollar currency pair experienced mild volatility on Thursday, eventually ending the day higher, just on top of the nearest resistance cluster.
The Yen's safe haven status pushed the given cross towards the immediate support cluster, among which, the channel's lower border was tested.
The bullion saw a renewal of the confident uptrend on Thursday.
Same as yesterday, the appeal for safe havens, such as the Japanese Yen, is relatively high.
Although the Cable edged closer to the resistance cluster around 1.44, it stabilised at lower at 1.4340.
Downside risks for the Euro are on the table, considering that EUR/USD has tumbled for a fifth day in a row on Thursday.
The Canadian Dollar overperformed on Wednesday, as the immediate support was breached, causing the USD/CAD to drop below 1.37.