The Australian Dollar surprised with its performance, as it managed to find support in face of the wedge's lower borders on Tuesday, after having slumped more than 100 pips.
The New Zealand currency experienced rather serious volatility on Tuesday, but ended the day relatively unchanged—in between the 55 and the 100-day SMAs.
The European currency managed to recover from the intraday lows yesterday, following the signals that technical indicators were providing.
The seven-day long rally of the bullion was ultimately limited by the 1,191/93 resistance area, where gold met the October high of the previous year and weekly R1.
The USD/JPY settled in front of the immediate support cluster yesterday, managing to partially recover from the daily low of 114.20.
On Tuesday demand at the immediate support cluster triggered a buying spree of the Cable, causing the pair to recover and stabilise just above the closest resistance level.
Continuous worries about global economy helped the Euro in gaining more strength on Tuesday.
As was anticipated, the NZD/USD currency pair ended trade within the borders of the 55 and the 100-day SMAs yesterday.
The Australian Dollar's rally on Monday was limited by the immediate resistance cluster, which is also likely to turn the table around earlier than anticipated.
The EUR/JPY cross experienced rather serious volatility in the beginning of the week and ended the day with a 50-pip loss.
The USD/CAD currency pair was unable to edge below the immediate support cluster and ended the day with a mild rally yesterday.
Stress across global equity markets is skewing gold's risks to the upside.
With demand for safe-haven assets higher on Monday, the USD/JPY currency pair fell to a one-year low, while volatility stretched out even further.
The British currency extended its decline against the US Dollar on Monday, but with trade closing above the expected 1.44 level.
EUR/USD turned around yesterday, as rising market instability raised attractiveness of the Euro and sent the pair back to 1.12.
Friday's bounce off of the resistance line most likely sent the NZD/USD currency pair on a bearish route.
The AUD/USD currency pair experienced a rather sharp loss on Friday, as the supply around the 0.72 major level proved to be impenetrable.
Although the US Dollar was able to outperform its Canadian counterpart last Friday, from a technical perspective, the pair is likely to undergo a correction today.
The pair has been undergoing a corrective decline ever since the exchange rate hit the 14-month resistance line two weeks ago.
We are observing some selling pressure for the first time in seven trading days.
The Greenback appears to be eager to recover from an almost full week of losses against the Japanese Yen, despite mixed fundamental results on Friday.
The Cable took a beating on Friday, as the exchange rate edged closer to the 1.45 psychological level, mostly due to a decline in US Unemployment Rate.
Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions.
The falling resistance trend-line and the 200-day SMA between 0.67 and 0.6760 seem unlikely to let the New Zealand Dollar to appreciate more than it already has.