The US Dollar weakened against the Canadian one on Friday, with the pair slumping towards the daily low of 1.2950 on much better-than-expected Canadian Employment Change figures.
Last Friday the AUD/USD currency pair confirmed the support around 0.75, represented by the monthly PP, resulting in a just under 50-pip rally.
Although fears of the possible BoJ intervention sparked a rally in the EUR/JPY cross last Friday, the pair still retreated from its intraday high and remained relatively unchanged.
It seems that the 55-day SMA (1,216.61) is finally starting to have a greater influence on the bullion.
The US Dollar was unable to maintain trade above the 109.00 major level on Friday, ultimately retreating and closing with a 15-pip loss.
Last Friday the GBP/USD currency pair managed to regain the bullish momentum and retake the 1.41 major level, also erasing Thursday's losses completely.
EUR/USD was consolidating in a very narrow range last week, which makes the technical setup neutral for the upcoming working week.
The Kiwi also fell victim to lower commodity prices, therefore, slumping towards the second support target, namely the 20-day SMA at 0.6774.
The Greenback once again appreciated against the Loonie yesterday, this time climbing over the monthly PP.
As was expected, the Australian Dollar weakened against its American counterpart on Thursday, having plunged towards the monthly PP near 0.75.
The Euro plunged more than 200 pips against the Japanese Yen on Thursday, following BoJ Governor's statement.
Following Thursday's spike in gold prices, this precious metal is now finally awaiting a consolidation above a busy cluster of resistances placed between 1,224 and 1,231.
As was anticipated, the USD/JPY currency pair slumped after BoJ Kuroda's statement yesterday, with the exchange rate reaching a fresh 18-month low of 107.67.
The British Pound plunged against the US Dollar for the third consecutive day yesterday, amid concerns over ‘Brexit' continuing to weigh on the Sterling.
Since last Friday neither bulls nor bears have managed to take market in hand. Yesterday was a turbulent day, as the spot ranged from 1.1340 to 1.1455.
Despite a dovish FOMC Minutes statement, the New Zealand Dollar was unable to post significant gains against the US Dollar yesterday.
The USD/CAD currency pair completely erased Wednesday's gains, without breaking any significant support or resistance levels.
The Aussie underperformed on Wednesday, as it failed to reach the target level, with price closing on top of the 0.76 psychological level.
The European single currency inched only 45 pips lower against the Yen on Wednesday, with the immediate support cluster limiting the dips.
As long as yellow metal continues to ignore a very important technical cluster at 1,224/30, we are going to maintain a mostly sideways outlook for prices.
Dovish Fed statement caused the USD/JPY currency pair to drop more than 50 pips lower, therefore, completely breaking out of the descending channel to the downside.
Fears of a ‘Brexit' kept weighing on the British Pound on Wednesday, but a rather dovish FOMC statement helped the Cable to erase most of intraday losses.
With mixed signals coming from the Federal Reserve, the EUR/USD currency pair continued to trade sideways on Wednesday.
A continued decrease in oil prices caused the Kiwi to weaken against the US Dollar on Tuesday, but the pair managed to partially recover from its intraday low, amid poor US fundamentals.