The Kiwi skyrocketed against the US Dollar by mid-Wednesday due to two reasons.
The US Dollar continued to depreciate against the Canadian Dollar, as the US politics continued to weaken the Greenback.
Hawkish RBA caused the Australian currency to reach the second resistance area yesterday, with trade closing near the forecasted level of 0.7660.
Rather substantial volatility was experienced on Tuesday, but the EUR/JPY pair still ended the day with only a few-pip rally.
The yellow metal continued to surge on Wednesday's morning, as it broke out of the ascending channel pattern, in which it had been trading since the start of October.
Once again the USD/JPY pair failed to reclaim the 105.00 level, which resulted in a rather sharp decline of 66 pips yesterday.
The GBP/USD pair's consolidation trend was preserved yesterday, as the 1.2250 level remained intact.
The common European currency appreciated against the US Dollar on Wednesday morning, as it was set to attempt to break the resistance put up by the weekly R2 at 1.1082.
The Kiwi began Tuesday's trading session above the weekly PP at 0.7153 against the Greenback, and by mid-day the currency exchange rate had jumped to the 0.7191 level, gaining 0.53%.
The US Dollar depreciated and fell below the weekly PP at 1.3370 against the Canadian Dollar by mid-day on Tuesday.
The Antipodean currency, namely the Aussie, managed to reclaim the 0.76 psychological level at the beginning of the week, but with the immediate resistance being strong, unable to edge significantly higher.
For the sixth consecutive day the Euro strengthened against the Yen yesterday, completely erasing Monday's bearish gap.
USD/TRY has been on a general rise since 2008, causing analysts to question what levels will prove a further extension of the uptrend unsustainable and where the ultimate ceiling lies. The yearly trading range was of consolidative nature, forming a rectangle and easily breaking it a few weeks ago, again leaving us to wonder if there is indeed a level
The yellow metal surged on Tuesday morning, as it jumped from 1,276.34 to 1,279.83 and passed the monthly pivot point at 1,279.01.
As was anticipated, the US Dollar outperformed the Yen on Monday, but was unable to climb over the 105.00 major level, despite volatility stretching beyond that area.
The British Pound strengthened against the American Dollar on Monday, reaching its trading range's upper border, namely the 1.2250 level.
The Euro slightly depreciated against the US Dollar on Tuesday morning, as the currency exchange rate was slowly heading for the weekly PP, which is located at 1.0942.
The Kiwi bounced around the newly formed weekly pivot point at 0.7153 against the US Dollar by mid-Monday.
The US Dollar retreated by mid-day on Monday against the Canadian Dollar.
After having touched the six-month up-trend on Friday, the Aussie managed to recover from its intraday low and add ten pips against the US Dollar.
Through all of the previous week the European currency has been outperforming the Yen, climbing more than 200 pips higher.
On early Monday morning the yellow metal had slightly retreated, as it approached a strong support cluster just below it.
In spite of a strong US GDP reading on Friday, the American Dollar still weakened against the Japanese Yen, putting the five-week up-trend to the test.
At the end of the previous week the Sterling managed to post mild gains against the US Dollar, but was unable to reclaim the 1.22 major level.