Investors sold the American Dollar on Monday, due to uncertainty emitting from the US political debates that day.
EUR/USD took up where it left off on Tuesday, proving levels above 1.1253 out of reach with a red candle half the size of Monday's green one.
Monday ended with the Cable remaining relatively unchanged, amid a weaker US Dollar, mainly due to yesterday's US political debates.
USD/CHF has shown reduced volatility over the last few years, causing several tightening patterns to appear in the market. An ultimate low in 2011 served as a starting point for an ascending wedge formation, causing an almost 40% surge until this day, which also led to a break above the 13-year downtrend. Last year's movements have been unable to dip
The NZ Dollar lost just under 70 pips against the US Dollar on Friday, causing a breach of the four-month ascending channel's support line.
On Friday the US Dollar surged against its Canadian counterpart, after the Canadian CPI and Retail Sales data surprised with weaker figures.
As was anticipated, the AUD/USD currency pair preserved the three-year bearish trend by bouncing back from the trend-line on Friday.
Friday ended with the European single currency outperforming the Japanese Yen and the immediate resistance failing to hold the gains.
The yearly wedge proved its strength against the three-week channel XAU/USD had established on its way through the senior pattern.
The USD/JPY's performance brought no surprises at the end of the previous week, with the pair successfully retaking the 101.00 mark.
A break out of the two-month ascending channel has caused a retracement towards the broken trend-line, meaning that 1.1258 remains the ultimate target for the next few days.
The New Zealand Dollar is suffering major losses against the US Dollar on mid-Friday.
The US Dollar surged against the Canadian Dollar, as fundamental data released at 12:30 GMT on Friday from Canada disappointed.
The Australian Dollar edged up for the fourth consecutive day yesterday, putting the three-year down-trend to another test.
Referring to our previous technical overview of GBP/CAD, the pair did not even come close to the 1.7476 mark to confirm a double bottom, but entered a channel down to guide its break out of the previously established triangle. Remaining still with a strong bullish vision, we are looking for a tap at the 1.6597 junior channel bottom trend-line in
The European single currency managed to completely erase Wednesday's losses, but only for a moment, having closed just under the 113.00 level.
The yellow metal is in a similar position to yesterday, as the metal started Friday's trading session almost at the same level as at the beginning of Thursday's session.
After a sharp slump on Wednesday the US Dollar succeeded in partially recovering, but the resistance area around 100.80 limited the gains.
The British Pound managed to outperform the US Dollar yesterday, but failed to maintain trade above the 1.31 mark.
The common European currency was preparing to surge to the 1.1240 level against the US Dollar on Friday morning.
Based on our previous analysis, AUD/NZD confirmed the break out of the channel, with tests of the upper trend-line signalling that the senior downtrend could remind of itself in the future, but currently is likely to be alienated. While an ascending channel neatly bound the movements for a week following the breakout, it turned out to lack steepness to contain
The US Dollar continued to depreciate against the Canadian Dollar by mid-Thursday, as the Loonie was in its fourth consecutive session of gains against the Greenback.
The Aussie managed to post more gains against its US counterpart on Wednesday, with trade closing in front of the three-year down-trend.
The Kiwi opened Thursday's session higher at 0.7368 than the previous close of 0.7357 against the Greenback.