EUR/USD became increasingly turbulent after the US session began yesterday.
Although the 200-day SMA managed to limit the NZD/USD's volatility yesterday, trade still closed ten pips lower.
The American Dollar jumped higher against the Canadian currency on Monday, partially recovering from last week's losses.
On Monday the European currency retreated from intraday highs and closed trade just above the 132.00 psychological level, as was anticipated.
There were no surprises in the AUD/USD currency pair's performance on Monday, as the sell-off stopped in front of the immediate support cluster.
The bullion decided to respect a downward trend-line, which connects November and December highs and is currently placed at 1,077.
The US Dollar managed to edge higher against the Yen on Monday, with the immediate resistance in face of the weekly PP somewhat limiting the volatility and causing the pair to close only at 120.40.
The Sterling slightly exceeded expectations yesterday, as the corrective decline stretched beyond the immediate support.
For a second day the most traded FX cross remains largely stuck in between the weekly pivot point and weekly R1 at 1.0975.
The Kiwi has been appreciating against the US Dollar ever since it bounced back from the up-trend in November.
The Greenback failed to continue outperforming its Canadian counterpart, as the breached of the support in face of the monthly R3 set the USD/CAD on a downsliding journey.
Even though the AUD/USD ended last week with a rally, it is unlikely to be able to extend those gains today.
The EUR/JPY currency pair started the week with a surge, almost completely erasing the previous week's losses.
In the run up to Christmas holidays gold recovered past 20-day SMA to close at 1,075.
As was anticipated, the USD/JPY dropped lower through the end of the previous week, after the head of BoJ stated that further QQE in Japan is unlikely.
The British currency ended last week with another rally, rebounding from intraday low and, thus, erasing all previous week's losses.
During the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume.
The yellow metal made no confident attempts to violate the July low and 20-day SMA on Wednesday.
The US Dollar suffered another loss against the Yen yesterday, due to another set of poor fundamental data.
Although the GBP/USD currency pair appreciated on Wednesday, the immediate resistance in face of the monthly S1 somewhat managed to prevent the price from returning inside the pattern's borders.
EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday.
The NZ Dollar appreciated for the third consecutive day yesterday, completely erasing last week's gains, but failing to stabilise above the weekly R1.
Despite poor readings of the US fundamentals yesterday, the immediate support managed to hold the losses at 1.3916, therefore, extending the USD/CAD consolidation trend for another day.
The Aussie outperformed its US counterpart on Tuesday, amid weak US fundamental data results.