Daily outlook for the most traded FX cross is sidelined for the moment.
As was previously mentioned, the Kiwi erased all gains on Tuesday and leveled with Monday's opening price after the NZ CPI data disappointed.
The USD/CAD managed to recover from its daily low and post a 22-pip rally over the previous day.
A rebound in commodity prices strengthened the Australian currency on Tuesday, with AUD/USD volatility reaching almost reaching the monthly S2 at 0.6967, but with trade closing in front of the immediate resistance, retaking the 0.69 level.
On Tuesday the Euro appreciated against the Yen, with trade closing at 128.30, after having tested the second resistance cluster.
One more trading session was spent without any bullish or bearish lead.
Even though the USD/JPY's volatility stretched out to the second resistance, the pair still ended its rally in front of the closest one, namely the monthly S2.
The Cable erased all daily gains on Tuesday, plunging towards the cluster around 1.4150, as the BoE Governor's remarks ruled out the possibility of an early interest rate hike.
All bearish attempts to send the most traded FX cross down failed on Tuesday.
The Kiwi outperformed the US Dollar yesterday, not only breaching the immediate resistance, but also putting the second target, namely the weekly PP, to the test.
The Greenback suffered a 43-pip loss against its Canadian counterpart, but remained at the highest level for at least 13 years.
The Australian currency retreated from its intraday high on Monday, ultimately stabilising at 0.6865.
The European currency edged higher against the Japanese Yen on Monday, with the immediate resistance in face of the weekly PP limiting the volatility.
On Monday the bullion has spent its most tranquil trading session this year.
On Monday the USD/JPY currency pair managed to partially recover last Friday's losses, with trade closing at 117.31, just on top of the weekly PP.
The British currency retreated from intraday gains on Monday, ending the day with a 20-pip loss against the US Dollar.
Trading was purely technical during Monday sessions in Asia, Europe and US. EUR/USD saw dropping trading volumes to the lowest level since January 3, which triggered a marginal downward volatility to push the pair under 1.09.
The New Zealand Dollar remained relatively unchanged against the American one, despite having slumped to 0.6380 on Friday.
The US Dollar ignored weak US Core Retail Sales data on Friday, as the Loonie suffered more from continuously falling oil prices.
Last Friday the Aussie dropped 125 pips against its US counterpart, falling to the lowest in five years.
The EUR/JPY's decline on Friday negated all previous week's gains, with trade opening even lower today.
Gold prices have swung between gains and losses since Tuesday, and on Friday they climbed from the 55-day SMA (1,077) to grow up to 1,088 by the end of US session.
The US Dollar ended the previous week lower against the Japanese Yen, as it breached the up-trend and dropped to the lowest in five months.
On Friday the Cable suffered a 150-pip loss, breaching the immediate support and closing in on the 2010 low.