The US Dollar continued to book losses against the Canadian Dollar on Monday, as the currency exchange rate was in its sixth consecutive session of losses.
In spite of weak US fundamental data last Friday, the Australian Dollar still experienced a rather sharp decline against its US counterpart, therefore, providing the for-year down-trend with an extra confirmation.
Friday ended with the Euro weakening against the Japanese yen, but with the 113.00 psychological level remaining intact.
The yellow metal approached the resistance cluster made up of the weekly and monthly pivot points respectively at 1,340.78 and 1,345.31, as the metal's price was at 1,338.90 by 5:30 GMT.
The Yen was outperforming the US Dollar through most of Friday, when a set of poor US fundamental data only added more oil to the flame.
Even weak US fundamental data on Friday was insufficient to trigger a GBP/USD rally, being that the pair erased all intraday gains and ended the day with a 34-pip loss.
The common European currency traded just above the newly formed weekly PP at 1.1151 against the US Dollar on Monday morning.
The US Dollar ended Thursday's trading session below the 1.30 mark against the Canadian Dollar, as the currency exchange rate ended day's trading session at 1.2995.
The four-year down-trend was preserved on Thursday, as the AUD/USD currency pair erased all intraday gains and ended the day with a slight decline.
The Kiwi reached above the 0.73 mark on Thursday against the Greenback, as the rate touched the 0.7347 level during the day's trading session.
Yesterday the Euro was unable to fall below the 113.00 level for the fourth day this week and ended the day with a 27-pip rally.
The yellow metal did not manage to break the resistance put up by the weekly and monthly pivot points around the level of 1,345, as the commodity price fell just below the 20-day SMA at 1,338.56.
Although the USD/JPY currency pair completely erased Wednesday's losses yesterday and stabilised on top of the weekly PP again, technical indicators in all timeframes still suggest that more bearish momentum is to come.
The Sterling was unable to maintain trade above 1.30 yesterday, but, as expected, managed to find support around the 1.2950 mark.
The common European currency moved below the 55-day simple moving average at 1.1150 against the US Dollar, and the currency exchange rate remained below the SMA on Friday morning, as by 5:30 GMT the pair was at 1.1140.
The New Zealand Dollar after all bounced off the upper Bollinger band against the US Dollar at 0.7268 on Wednesday, and the pair ended the day below the first weekly resistance level at 0.7228.
The US Dollar continues to depreciate against the Canadian Dollar, as the currency exchange rate was struggling at the support cluster around the level of 1.3045 by 11:30 GMT on Thursday.
The Australian Dollar appreciated against the Greenback for the third consecutive day yesterday, but with the four-year down-trend limiting the gains.
Due to lack of impetus the EUR/JPY pair remained almost completely flat on Wednesday, thus, leaving the 113.00 level intact.
The bullion surged during Wednesday's trading session, as it even touched the weekly R1 at 1,356.64.
The US Dollar put the 101.00 major level to the test on Wednesday, but closed trade above that area, registering a 62-pip loss.
The Pound's attempts to recover from a five-day loss streak were in vain, as almost all intraday gains were erased yesterday, leaving the Cable relatively unchanged.
The common European currency surged to 1.1176 against the US Dollar on Wednesday, and on Thursday morning the rate had slightly retreated, as by 5:00 GMT the currency exchange rate was at 1.1170.
By the end of Tuesday's session the US Dollar fell below the weekly pivot point at 1.3124 against the Canadian Dollar, as the rate ended day's trading at 1.3120.