The NZD/USD rushed this Monday to meet the 4 hour 200-SMA and rebounded from its level at 0.78.
The pair fails to surprise the market with any serious moves and continues to be stable for a second consecutive week.
The retreat from the 2010 year low seems to be the current interest.
The EUR/JPY pair started the new week by fluctuating around 146.73 and 146.97 range, showing a bullish candle at the end of the trading day.
XAU/USD cross jumped considerably on Friday, as it was able to pierce through a major resistance line, represented by the 2013 low, 23.6% Fibonacci retracement and weekly pivot point around $1,190.
Although the US Dollar came under a strong selling pressure after hitting the resistance at 121, the currency has not yet fallen beneath 120.
Having established a solid support at 1.55 last week, the Cable is currently moving towards 1.5650.
On December 26, the EUR/USD currency pair developed in a very calm environment during the whole trading session.
NZD/USD is currently testing the down-trend at 0.7760/50, which is supposed to guide the pair beneath 0.77 and towards the 2014 low at 0.76.
For the time being USD/CAD is inactive, but once the volatility comes back, the US Dollar will likely decline.
Although at first the bulls seemed to be giving up their positions near 0.81 without a proper fight, there start to appear signs the Aussie may actually recover in the next few weeks before violating the 2010 low.
Although according to a majority of the weekly and monthly technical indicators the Euro is going to outperform the Yen, the 20-day SMA still remains intact.
Since the supply at 121 (weekly and monthly R1 levels) withstood USD/JPY's recent attack, the currency pair is vulnerable to a sell-off down to 118.
In the end the monthly S1 managed to push the Cable away from 1.55.
EUR/USD cross was little changed because of holidays on Wednesday, when the trading volume was rather low.
The New Zealand Dollar is currently following a well-defined down-trend that connects all of the highs posted since Nov 16.
Despite the persistence and energy the bulls have recently demonstrated by bringing USD/CAD from 1.135 to 1.167 in seven days, there is likely to be a retracement in the next few weeks.
AUD/USD continues to consolidate near 0.81 following an initial test of this level earlier in December.
As EUR/JPY did not settle beneath 146 but quickly rebounded from 145, the short-term outlook towards the pair remains positive.
Gold was almost completely unchanged during the trading day on Tuesday.
As it turned out, the supply at 120 did not manage to stop the advancement of the US Dollar.
Having taken the support at 1.56 out of the way, GBP/USD is currently putting a lot of pressure on 1.55, which in turn does not appear to be an easy target.
Yesterday, the EUR/USD currency pair dropped considerably and managed to set a new yearly minimum in the very end of December.
NZD/USD is still trading above the 0.77 level and it is likely to stay there in a foreseeable future.