In line with expectations, the pair continued to move in a limbo between the weekly R1 and R2 in anticipation of release of the FOMC meeting minutes.
As it was expected, after reaching the weekly S1 at 112.19 traders tried to push the rate to the top.
In accordance with expectations, the currency exchange rate was consolidating before a release of the Fed meeting minutes.
The common European currency continues to advance against the US Dollar four days in a row, fluctuating in a junior ascending channel.
The New Zealand Dollar has failed to leave the 0.7060/0.7095 area for the third consecutive session.
The lowest intraday point of USD/CAD was reached mid-Tuesday when the Greenback halted at the 1.2485 mark.
AUD/USD showed no drastic changes to its overall price level on Tuesday, as the rate was confined in the 0.7775/0.7796 area.
On Tuesday, EUR/JPY was testing the upper boundary of a short-term channel prior to breaching this level later in the evening.
In result of the previous trading session, traders with bullish outlook pushed the pair simultaneously from larger descending and minor ascending channels.
Another test of another North Korean ballistic missile expectedly led to sharp depreciation of the Dollar against the Yen.
Due to release of better than expected data on the UK manufacturing production, the pair continued to climb to the top and even managed to bypass the 1.32 mark.
In line with expectations, the Euro continued to appreciate against the Dollar yesterday.
As previously expected, the New Zealand Dollar was standing rather still during the past trading session, as it remained between its four month low and the monthly S1 at 0.7060 and 0.7095, respectively.
Expectations of a possible breakout of the medium-term ascending channel did finally materialise when strong downside risks pushed the rate down to the 100-hour SMA and the weekly PP during the first hours of Tuesday's session and subsequently lower to test the 200-hour SMA circa 1.25.
Even though the Australian Dollar had taken a direction towards the monthly and weekly S1s during the first half of Monday's trading session, this bearish sentiment changed swiftly early in the morning when the rate surged up to the weekly PP at 0.7796.
The common European currency managed to breach the medium-term descending channel on Monday, even despite being restricted by the 200-hour SMA and the 38.2% Fibonacci retracement.
Because of the robust demand on gold from two largest Asian countries as well as continuous fears related to the North Korean crisis, the exchange rate continued to head to the top towards the 1,290.00 target.
An assumption about further movement of the pair was partially confirmed yesterday. On the one hand, bulls made not less than five attempts to break to the top and restore lost positions.
In result of the previous trading session, the Pound managed to break through a combined resistance level formed by the 55-hour SMA and the upper edge of a descending channel that was additionally backed up by the 38.2% Fibonacci retracement level.
Although many technical indicators pointed out on recovery of the Dollar, the pair eventually made a breakthrough in the opposite direction.
The New Zealand has weakened substantially against the US Dollar during the past two-and-a-half trading sessions.
Even though the rate had reached its five-week high at 1.2594 quite easily by early Friday, bulls managed to prevail in the following hours and thus push the rate down to the 55-hour SMA—a level which has limited the pair ever since.
The Australian Dollar demonstrated high volatility on Friday, as the rate was fluctuating in the 0.7800/0.7740 area during the whole trading session.
The Euro started its session calmly on Friday; however, two massive leaps to opposing directions mid-session disrupted the rate's hindrance slightly below the monthly PP, pushed it up to 132.70 and subsequently back in the 132.50 area.