In line with expectations, the overall optimism related to progress made on tax reform and decreased probability of a government shutdown continued to push the cable downwards.
As it was projected yesterday, an attempt of the currency exchange rate to reach the 1.1866 level was neutralized by the slipping 55-hour SMA. Accordingly, the Dollar continued to appreciate against the Euro.
For most of its session on Tuesday, the New Zealand Dollar was moving along the upper boundary of a breached descending channel.
USD/CAD remained stable during the previous session, as the pair was fluctuating between the 1.2700 and 1.2650 marks.
As already expected, the Australian Dollar was dominated by bears during the previous 24 hours.
After testing the 55-hour SMA mid-Monday, the common European currency was dominated entirely by bears.
During previous trading session the buck appreciated against the gold by 0.88%. The downfall was mainly driven by optimistic expectations of the upcoming talks between the House and Senate.
During previous trading session the pair was trying to pave the path through the monthly PP at 112.70, just as expected.
Despite release of worse than expected Services PMI data, the cable could not pass below the monthly PP located at 1.3372 and was forced to halt the fall.
In line with expectations, a combination of the 55-, 100- and 200-hour SMAs pushed the rate downwards, leading to dissolution of the one-month long ascending channel.
NZD/USD was trading between the 100-hour SMA and the bottom boundary of a short-term ascending channel on Monday.
Even though the US Dollar tried to recover some of its lost positions against the Loonie during the second part of Monday, bears continued to push the pair lower.
The Australian Dollar breached a three-month descending channel on Monday.
EUR/JPY was trading sideways just below the 134.00 mark during the first half of Monday.
As it was anticipated, yesterday's trading session the exchange rate spent in a flat movement between support and resistance zones located at the 1,270 and 1,275 marks.
As it was suggested yesterday, the currency exchange rate made a fully-fledged breakout from a rising wedge formation after encountering strong resistance posed by the 50% Fibonacci retracement level at 113.00.
In general, previous trading session the currency rate spent moving downwards, as expected. Apart from rebound from the two month maximum at 1.3550, the drop was driven by anxiety over affirming vote on tax bill as well as new report that no agreement on Brexit has been reached yet.
Despite positive sentiment related to successful vote on tax bill by the US Senate, the pair both started and ended the day near the 1.1870 mark.
After testing the 0.6820 mark early on Friday, the prevailing upside risks pushed the New Zealand Dollar for a 78-pip appreciation against the US Dollar.
The massive plunge which was caused by the Canadian GDP and employment data releases mid-Friday was followed by a subsequent movement downwards.
The steady movement sideways which was apparent in the market last week was disrupted mid-Friday when the Australian Dollar surged up to the weekly R1 at 0.7625.
The common European currency was dominated primarily by bears on Friday.
In full accordance with expectations, in first half of the previous trading session the buck continued to trade against the gold in a limbo between the 1,270.50 and 1,276.70 marks that were located just above the lower trend-line of a large dominant ascending channel.
An announcement made by General Flynn that led to rapid sell-off of the buck against all major currencies perfectly matched with a breaking point of a readjusted rising wedge formation.