Even though the USD/CAD pair underwent the anticipated correction yesterday, the exchange rate still remained below the lowest level of Q4 2015.
The Aussie experienced a small setback on Wednesday, with the given pair edging 31 pips lower.
The Euro's rebound appears to have been short-lived, as momentum has been fading ever since the EUR/JPY put the monthly S1 to the test.
After a relatively calm Tuesday, the bullion commenced a major bounce from three-week highs yesterday and closed the US session around the monthly pivot point (1,241.50).
The risk appetite returned to the markets on Wednesday, causing the USD/JPY currency pair to edge higher, despite rather weak US Retail Sales figures.
With the return of ‘Brexit' fears the Pound declined against the US Dollar yesterday, also bouncing back from the four-week down-trend.
US fundamentals used to have little influence on the Dollar, because this currency continued to advance at the fastest daily pace since January.
The American Dollar suffered a rather serious loss against the Canadian Dollar on Tuesday, having slumped to the lowest since the last quarter of 2015.
With another increase in commodity prices, the Australian currency was able to outperform its US counterpart.
The New Zealand Dollar prolonged its rally against the US Dollar on Tuesday, with the exchange rate nearing the 11-week resistance line.
The EUR/JPY currency pair managed to edge higher on Monday, but unable to breach the immediate resistance area, as demand at 124.04, namely the monthly S1, was sufficient contain the volatility.
Tuesday's trading range of gold prices was very tight, compared to Monday's one.
The US Dollar managed to outperform the Japanese Yen on Tuesday, but with gains limited by the immediate resistance in face of the monthly S2.
The Cable edged higher on Tuesday, but with gains being limited due to mixed fundamental data results and the four-week down-trend playing its part.
Eight consecutive days of neither bullish nor bearish advantage has only ended with emergence of a firm uptrend resistance line for the EUR/USD currency pair.
The Kiwi/Dollar was the best-performing currency pair among majors on Monday, having surged over 50 pips, amid an increase in oil prices.
On Monday the USD/CAD currency pair weakened, as the Loonie received a boost from a rise in oil prices.
The Aussie received a boost from an increase in oil prices yesterday, which allowed the given pair to overtake the immediate resistance, but the impetus provided was insufficient to maintain trade above the 0.76 level.
The European single currency failed to appreciate against the Japanese Yen and remained relatively unchanged on Monday, as the given cross edged only 16 pips lower over the day.
Monday trading was finished with sharp gains for gold, as the price closed above the first weekly resistance line at 1,257.50.
After more than a week of declines the USD/JPY remained almost completely unchanged on Monday, indicating a possible trend reversal.
The Sterling set off with a 125-pip rally against the Buck yesterday, unable to climb over the second tough resistance area.
Since the first day of April the EUR/USD pair has been ending all trading sessions with no material change in its value, while the volume has been in a decline too.
The New Zealand currency was able to regain the bullish momentum on Friday, but struggled to maintain trade above the monthly PP.