The American Dollar climbed more than 100 pips higher against its Canadian counterpart, amid hawkish comments of Fed officials on Monday.
The Australian currency failed to maintain trade above the 0.76 mark on Monday, but the immediate support in face of the weekly PP and the monthly R3 kept the AUD/USD from edging lower.
The bearish momentum appears to be prevailing today, pushing the EUR/JPY cross lower.
Gold has formally broken the long-term uptrend line near 1,245 yesterday, but it has a chance to show the bulls remain active.
The USD/JPY currency pair extended its recovery yesterday, reaching the 112.00 major level.
On Monday the Sterling experienced the expected corrective decline against the Buck and returned below the 1.44 major level.
Fluctuations of the most traded FX currency pair were quite limited on Monday, mainly owing to emptiness of the economic calendar.
The NZD/USD slightly exceeded expectations, as the expected correction pushed the pair slightly below the 0.68 target last Friday.
At the end of the previous week, the Greenback barely climbed over the 1.30 mark again, but another rally is likely to take place today.
The Aussie retreated towards the 0.76 major level on Friday, undergoing the expected correction.
The European currency declined against the Japanese Yen again last Friday, but the monthly PP and the ascending channel's support line managed to keep the pair from edging lower.
The bullion continues to pare the rally, which took place throughout the previous week amid dovish policy decisions of the Fed.
As was anticipated, the USD/JPY currency pair recovered from its intraday low on Friday, but was unable to post significant gains, due to the Bollinger band providing sufficient resistance.
The British currency remained relatively unchanged against the US Dollar on Friday, but edged slightly lower over the weekend, unable to maintain trade above the 1.45 mark.
The bulls failed at the multi-month downtrend line (1.1320) on Friday and were thereby forced to commence a correction to the 1.1260 area.
The New Zealand currency rallied against the US Dollar for another day yesterday, reaching a fresh 2016 high of 0.6860.
The USD/CAD currency pair misbehaved on Thursday, as it plunged below the expected target of 1.30.
The Aussie had another day of good performance yesterday, as it climbed over the 0.76 major level and established a new eight-month high of 0.7647.
The EUR/JPY currency pair remained relatively unchanged on Thursday, but with the bearish momentum still prevailing with a 27-pip decline.
Gold's intraday gains were extending beyond the 1,270 mark on Thursday, but the bears consolidated their power and made prices suffer.
The USD/JPY currency pair slumped for the fourth consecutive day yesterday, retaining its post-Fed weakness.
On Thursday the Sterling skyrocketed against the US Dollar, meeting resistance only at the third target, namely weekly R1 at 1.4510.
EUR/USD rallied for a second day in a row on Thursday, owing to weaker US Dollar in the wake of dovish Fed decisions a day before.
The Greenback's decline against its Canadian counterpart somewhat broke through the target support area, leaving only the lowest level of the cluster, namely the monthly S2, to limit the losses yesterday.