The New Zealand Dollar succeeded in outperforming the American Dollar on Friday, but failed to retake the 0.70 mark, ultimately posting a 20-pip gain.
Upon putting the 20-day SMA to the test, the Australian currency erased all intraday gains and suffered an 18-pip loss, having approached the 0.76 major level on Friday.
On Friday gold prices were a subject to the sharpest rally since mid-March. Daily increase, which amounted to more than 2%, brought the spot to the 1,292.10 mark by session-end, up from 1,232.66 last Monday.
The US Dollar experienced another relatively sharp decline on Friday, falling below the 18-month low of 107.63.
The GBP/USD currency pair remained relatively unchanged on Friday, with the pair edging only 5 pips higher over that day.
Advance of the Euro against the Greenback was stretched over the American session on Friday, as the market allowed for a spike up until the 1.1450 mark.
Having appreciated yesterday, the New Zealand Dollar prolonged the lifespan of the ascending channel pattern.
The US Dollar continued to decline against its Canadian counterpart, as the US GDP data disappointed yesterday.
The AUD/USD currency pair experienced a small corrective rally on Thursday, but with the 20-day SMA providing sufficient resistance to limit the gains.
The Euro plummeted more than 350 pips against the Japanese Yen yesterday, as the BoJ decided to leave its monetary policy unchanged.
The bullion booked a tremendous rally on Thursday, as a very decisive bullish action managed to close the daily trading above the most important resistance of 1,258/63 represented by the weekly R1 and February high.
The American Dollar suffered a heavy loss on Thursday, triggered both by the BoJ's decision and a poor reading of the US GDP.
Disappointment in yesterday's US GDP figures caused the Cable to negate Wednesday's losses, but the immediate resistance in face of the monthly PP and the weekly R2 remained intact.
Five days of gains for the Euro, including Friday, is a direct result of US Dollar's inability to consolidate momentum, while weak fundamentals are only fuelling the rally.
Although NZD/USD managed to close the session under the channel up pattern's lower boundary (0.6860), on Thursday we have been observing a massive recovery of the New Zealand currency.
FOMC statement used to have little impact on behaviour of the USD/CAD currency pair, which fixed a minimal four-pip decrease in daily value over Wednesday.
The Australian Dollar suffered a 162-pip drop against its US counterpart, closing between the second and the third support areas.
The EUR/JPY cross behaved in accordance with expectations yesterday, as the exchange rate stabilised not only above the 126.00 major level, but also above the immediate resistance in face of the monthly PP.
The precious metal has finally dealt with the closest resistance cluster represented by the monthly and weekly pivot points at 1,241/43.
The FOMC statement had no effect on the USD/JPY currency pair yesterday, as the exchange rate remained relatively flat for the second day in a row.
The GBP/USD currency pair underwent a small correction on Wednesday, being weakened by the FOMC statement.
Third consecutive session was finished with gains for the Euro, but somewhat hawkish Federal Reserve prevented a spike above the weekly R1 at 1.1341.
As was anticipated, the New Zealand Dollar outperformed its US counterpart on Tuesday, with gains limited by the 0.69 major level, between the 20-day SMA and the weekly PP.
After the sixth attempt the US Dollar breached the psychological 1.2650 support level, stabilising right on top of the 1.26 mark.