The New Zealand Dollar climbed on Wednesday after the RBNZ Rate Statement. The trading day for the NZD/USD pair ended just over the monthly S1 at 0.7298.
The Greenback outperformed yesterday, as the closest resistance levels were not strong enough to stop the Buck from advancing. The US Dollar tested the weekly R2 before settling at 1.2748.
On Wednesday, the Australian Dollar declined against the US Dollar for the fifth consecutive day. The weekly S2 failed to provide sufficient support, thus the pair settled below 0.7592.
On Wednesday, EUR/JPY overshot the expectations, as it fell deeper than anticipated. The demand area at 128.44 was breached, and the pair ended the trading day at 128.08.
On Wednesday, Gold declined for an eight day in a row and traded near three-month lows.
Yesterday, USD/JPY edged higher once again after volatile trade between the monthly and weekly R1s.
GBP/USD slumped on Wednesday due to UK manufacturing data turning out worse than the expected figure.
Despite being initially capped by strong demand area around 1.0710 (monthly S3; weekly S1), EUR/USD's bears eventually managed to push the pair even more to the downside.
New Zealand Dollar slid for the fourth consecutive day on Tuesday, as weaker-than-expected US data were insufficient to turn the tide.
The US Dollar keeps appreciating against the Loonie, despite poor JOLTS Job Openings data. The currency settled at the daily maximum of 1.2687.
The Aussie plunged against the US Dollar for the fourth day. The support cluster created by the weekly and monthly S1s was easily pierced, and AUD/USD reached out to the weekly S2
The Euro started this week with a rally, but the weekly outlook remains bearish. EUR/JPY tested resistance at 131.84 yesterday and then declined 190 pips.
Despite registering a decline, Gold developed in a much more stable and less volatile environment during the trading session on Tuesday.
USD/JPY came into contact with last year's high yesterday and then expectedly retreated.
On Tuesday the Sterling fell twice as much as anticipated.
As the ECB has finally started to buy sovereign bonds under its QE programme, EUR/USD reacted in a strong bearish way to this news on Tuesday
Despite the expectations the Kiwi decided to cede ground on Monday. Yesterday's daily technical indicators proved to be unreliable, while today they also are pointing north.
After Friday's surge the Greenback slightly stepped lower against its Canadian counterpart. However, the sell-off was not significant, the Buck did not test any of the important supports.
On Monday the Australian Dollar opened at 0.7722 and made a 40-pip step south. Hence, the currency pair remained in a tight range between the weekly PP and S1.
Yesterday the currency pair tested the monthly S1 level, which managed to prevent advancement of the price, and settled at the lower Bollinger band around 131.43.
An attempt of Gold to return back above the monthly S1 (1,175) turned to be completely unsuccessful.
US Dollar started week by gaining value against the Yen.
On Monday, GBP/USD managed to rebound 90 pips after declining throughout previous week.
On Monday, EUR/USD failed to rebound noticeably and added just 20 pips during trading, by reaching 1.0850 mark.