As forecasted before the yellow metal has retreated to the support of the 61.80% Fibonacci retracement level, above which it remained on Thursday morning.
The US Dollar managed to appreciate against the Yen on Wednesday, with the monthly S1 limiting upside volatility.
As was anticipated, the GBP/USD currency pair underwent a correction on Wednesday, passing through only the immediate support, namely the weekly R3.
On Thursday morning the common European currency against the Greenback remained below the second weekly resistance, which stopped the pair's Tuesday's jump.
By the middle of Wednesday's trading session the New Zealand Dollar against the Greenback had encountered the resistance put up by the weekly R1 at 0.7051 and fallen down to the 0.7010 mark.
During the first half of Wednesday's trading session the Greenback broke another significant resistance level against the Canadian Dollar.
Bears are prevailing is this trading session as well, pushing the pair through the 200-day and 100-day SMAs.
EUR/JPY continues to trade in a minor upward channel in the hourly chart, showing some upside potential until its boundary circa 117.20, at least.
UK Prime Minister May's surprise announcement on Wednesday lifted the Sterling, allowing it to gain more than 270 pips against the US Dollar.
On Wednesday morning the yellow metal's price was in a retreat just below the 1,290 mark, where the commodity price has been since the higher opening of Monday's trading session.
The Greenback was unable to outperform the Japanese currency yesterday, which resulted in a failure to preserve the descending channel pattern.
The common European currency has reached the resistance put up by the weekly R2 at 1.0729 against the US Dollar.
On Tuesday the New Zealand Dollar traded against the US Dollar between two levels of significance above the 0.70 level.
During the first half of Tuesday's trading session the USD/CAD currency exchange rate quickly found support in the 38.20% Fibonacci retracement level and began a surge.
The cautious April minutes from the Reserve Bank of Australia seems to weight heavily on the Aussie, erasing its previous gains against the Greenback.
The Euro closed with gains on Monday and it seems that the upward potential may persist today, as well.
After hitting a five month high level the gold price began a period of consolidation, which became a decline due to fundamental events.
Despite initial sharp downside volatility, the US Dollar managed to end the day in the green zone yesterday, adding 14 pips against the Japanese Yen.
Monday ended with the British Pound outperforming the US Dollar, which resulted in the six-month bearish trend-line getting pierced.
On Tuesday morning the common European currency fluctuated against the US Dollar just above the 23.60% Fibonacci retracement level, which is located at the 1.0639 level.
The New Zealand Dollar has fulfilled the recent hypothesis of its movements against the US Dollar.
During the first half of Monday's trading session the US Dollar declined against the Canadian Dollar.
The Aussie has been recovering against the US Dollar almost through all of the previous week, also retaining this bullish momentum today.
Having breached the falling wedge's support line on Friday, the EUR/JPY cross got exposed to more weakness.