The yellow metal's price remains above the 1,250 mark, as the strong support cluster just below that level holds its ground.
The USD/JPY pair edged higher yesterday, but managed to overperform, as it breached the immediate resistance area.
The GBP/USD currency pair weakened on Tuesday, resulting in the consolidation trend's preservation.
After a retreat back below the 1.12 mark during the second half of Tuesday's trading session the EUR/USD currency exchange rate has retreated below a significant resistance.
The recent movements on the NZD/USD pair are most likely fundamental.
By the middle of Tuesday's trading session the US Dollar continued to lose value against the Loonie, as the pair fell below a significant support level.
The Aussie continues to trade higher against the Greenback, demonstrating that the channel down in force since mid-March is no longer valid.
The first half of this session was characterized by EUR/JPY being at equilibrium.
During the early hours of Tuesday's trading session the yellow metal's price fluctuated near the 1,260 mark without a clear direction.
The USD/JPY pair has been trading rather calmly since last week's sharp decline, managing to retain its positions above the 111.00 major level.
Monday ended with the Sterling remaining completely unchanged against the US Dollar, with the pair attempting to return into its consolidation trend's borders.
After the fundamental move of the Euro against the US Dollar, which broke the medium term ascending channel pattern, the currency exchange rate continued to trade near the 1.1250 mark on Tuesday morning.
Since January 31 the NZD/USD currency exchange rate has been going lower by being pushed by a resistance put up by a long term down-trend line.
During the first half of Monday's trading session the US Dollar had declined even further against the Loonie than previous.
AUD/USD is currently testing the upper boundary of a channel down.
Upside risks have prevailed in this trading session and, in particular, mid-day when EUR/JPY accelerated its momentum upwards.
The yellow metal remains above the 1,250 level, and it is still positioned for additional gains in the near future.
This trading week has started with the US Dollar appreciating slightly against the Yen.
On Friday, GBP/USD breached the upper Bollinger band and closed as high as the 1.3042 mark.
On Monday morning, the common European currency had slightly retreated against the US Dollar, as the currency exchange rate retreated down to the combined support of the 61.80% Fibonacci retracement level at 1.1190 and the monthly R2 at 1.1187.
At the middle of Friday's trading the New Zealand Dollar was at the same spot, as the day began, against the US Dollar.
By the middle of Friday's trading session the Greenback remained almost unchanged against the Canadian Dollar.
AUD/USD continues to trade closer to the upper channel boundary.
The morning session started with the Euro appreciating gradually against the Yen.