Last Friday the GBP/USD currency pair declined more than anticipated, having pierced the immediate support cluster and put the short-term up-trend to the test.
Friday's wide trading resulted in no gains for both sides of the market. EUR/USD attempted to grow to 1.1440 and decline as low as 1.1340, but ultimately a small green candle confirmed that the pair added only 11 pips over the day to end it near 1.1389.
The American Dollar managed to recover from its intraday low yesterday and end the day with a retake of the 1.30 mark.
The New Zealand Dollar's performance yesterday was similar to the Aussie's, as the NZD/USD currency pair erased intraday gains and ended the day with a slight decline.
Upon taking another shot at climbing over the 0.77 mark on Thursday, the AUD/USD's momentum has shifted to the bearish side, but no substantial losses occurred.
For the fifth consecutive day the Euro edged higher against the Yen, having also retaken the 128.00 major level on Thursday.
Gold prices attempted to skyrocket again on Thursday; however, by the end of American market session the bears managed to push the bullion down to 1,232 and below the 20-day SMA.
The US Dollar remained relatively unchanged against the Japanese Yen on Thursday, amid mixed fundamental data.
The Cable struggled to pierce the weekly R1 for the second day yesterday and is likely to have issues edging above 1.44 again today.
By appreciating for a fourth successive day on Thursday, EUR/USD tested the 1.14 mark for the first time since October.
The US Dollar edged more than 100 pips lower against its Canadian counterpart on Wednesday, as the Loonie, being a commodity currency, was boosted by a rally in oil prices.
An increase in oil prices yesterday caused the Australian currency to strengthen against the American Dollar, but as expected, with gains limited by the immediate resistance cluster.
The Kiwi easily overtook the 0.69 psychological level on Wednesday, reaching a fresh nine-month high of 0.6965.
On Wednesday the European single currency prolonged its recovery against the Japanese Yen, but was unable to breach the immediate resistance cluster.
Prices of the yellow metal are increasingly turbulent this week, as the volume of daily trading has not rebounded to pre-Easter levels yet.
The Greenback's losses against the Japanese Yen yesterday were limited, due to the ADP Employment Change data beating expectations.
Upon putting the monthly R1 to the test, the GBP/USD currency pair failed to maintain gains and retreated, closing below the 1.44 level.
With recovering volume of trading, the Euro continued to grow in value against the Greenback on Wednesday.
On Tuesday the New Zealand Dollar skyrocketed against the Greenback, caused by a rebound in oil prices and Yellen's dovish statement.
Fed Chair's dovish statement caused the USD/CAD to sustain rather serious losses and slump back under the 1.3100 mark, therefore, preserving the descending channel pattern.
The Aussie soared against its US Counterpart on Tuesday, amid Fed Yellen's dovish statement.
The Euro managed to retain its strength a appreciate against the Japanese Yen for another day.
Along with tumbling US currency, the bullion skyrocketed the most in two weeks yesterday.
On Tuesday the British currency gained 130 pips against the US Dollar, surging due to Fed Yellen's dovish statement.