As the most traded currency pair has been largely unchanged in value so far this week, we see the volume of trading declining as well.
The NZD/USD currency pair remained completely unchanged over the last 24 hours.
The USD/CAD experienced another small decline, with volatility limited near the 1.3240 level.
The AUD/USD unexpectedly suffered a small decline on Tuesday, but remained above the Monday's opening price.
The European currency edged lower against the Japanese Yen yesterday, as was anticipated, with trade closed just in front of the 132.00 major level.
We do not project substantial volatility for gold prices in the nearest future, after the metal stabilized and booked first gains in nine days on Monday.
The USD/JPY failed to reach the 122.80 mark, while the immediate resistance cluster prevented the pair from advancing.
The British Pound remained flat against the US Dollar on Tuesday, with the Cable rising only three pips higher.
EUR/USD has been broadly unchanged in value this week so far, owing to lack of any fundamental drivers.
The Kiwi came close to testing the 100-day SMA yesterday, but ultimately stabilised at the immediate resistance, namely the Bollinger band.
The US currency edged lower on Monday, closing trade under the 1.33 major level.
The Australian Dollar failed to reach the weekly PP, but appreciated against its US counterpart nonetheless.
Despite rather strong volatility to the upside, the EUR/JPY currency pair was pushed back by the weekly R1 and stabilised at 132.42.
Gold spent Monday trading session by attempting to revive after Friday's slide to 1,090.
The Buck kept hovering over the 123.00 major level, as the Bollinger band and the monthly R2 prevented the USD/JPY from leaving the tight range.
Yesterday the Cable managed to return above the 1.51 level, thus, stabilise above the September low.
On Monday the most traded FX cross has tried to recover Friday losses, but it failed to come back at least above 1.0750.
The NZD/USD dropped down through the immediate support cluster, closing trade in front of the weekly S2 and the 55-day SMA at 0.6520.
The Greenback managed to establish a fresh five-week high at the end of last week, but with the exchange rate failing to inch higher than the 1.33 major level, as the Bollinger band and monthly R1 limited the volatility.
The AUD/USD tested the monthly PP last Friday, but suffered a decline, amid strong US Payrolls data. As a result, the pair breached the up-trend and found support only in face of the Bollinger band and weekly S1 around 0.7040. A corre
The European currency reached a daily low of 131.50, but ended the day just at the September low.
There was no chance given to the bullion to commence any kind of recovery on Friday, owing to strongly optimistic jobs report for October.
The USD/JPY exceeded all expectations and climbed above the 123.00 major level on Friday and even higher over the weekend.
The Sterling suffered heavy losses against the US Dollar on Friday, amid an extremely better-than-expected Non-Farm Payrolls data.