EUR/USD traded on the downside yesterday, owing to uncertainty over European economic outlook and despite positive inflation data.
Although the New Zealand Dollar weakened against the US currency last Friday, losses were barely noticeable, as the pair edged down only five pips, remaining trapped between the 55 and 100-day SMAs.
The US Dollar inched higher against the Loonie on Friday, reaching a new six-week high.
On Friday the AUD/USD's volatility was limited by the up-trend and the 0.7160 level, ultimately keeping the pair unchanged over the day.
The EUR/JPY found support in front of the 132.00 major level on Friday, as was anticipated.
Very few fundamentals, other than US ones, are usually able to drive the bullion substantially.
Even though the USD/JPY currency pair's exchange rate barely changed on Friday, despite weak US fundamental data, a 34-pip drop occurred over the weekend.
After testing the 23.60% Fibo, the GBP/USD recovered from intraday losses due to disappointing US fundamentals.
On Friday the Euro resumed sliding down and reached the monthly S1 at 1.0768 by the end of trading, even though the lead of bears was extending as low as 1.0713.
The Kiwi edged lower against the US Dollar on Thursday, with downside volatility limited by the 0.65 major level, rather than the 55-day SMA.
The USD/CAD experienced rather serious volatility, stretching out from 1.3224 to 1.3340.
The Australian Dollar managed to close trade at the 55-day SMA yesterday, thus, returning within the triangle pattern.
The bullish scenario prevailed yesterday, as the EUR/JPY rebounded from the weekly S1 and climbed over the weekly PP, gaining a total of 59 pips.
Yesterday the bullion made an attempt to slump towards July low at 1,070.
The USD/JPY extended its correction for another day, despite distinctly bullish technical studies, which mostly proved to be unreliable this week.
In spite of the Cable dropping under the immediate support cluster in the early hours yesterday, the pair still ended the day on the green side, adding 23 pips.
EUR/USD jumped above July low at 1.0808 on Thursday, following moderately hawkish comments from ECB Executive Board member Benoit Coeure.
On Wednesday the New Zealand Dollar edged closer to the 0.66 major level, but ultimately stabilised under the 100-day SMA.
The Greenback declined against its Canadian counterpart for the third consecutive day yesterday.
The Australian Dollar erased its Tuesday's losses and made another step towards returning inside the triangle pattern.
The EUR/JPY currency pair remained relatively unchanged over Wednesday, having lost only four pips.
We continued to observe very calm trading of the precious metal yesterday.
The US Dollar dropped slightly below 123.00, but remained at a ten-month high.
Due to some disappointments in UK's fundamentals yesterday, the Cable failed at reaching its target of 1.5250, but managed to breach the immediate resistance, nonetheless.