On Wednesday the Aussie appreciated against the American Dollar, erasing Monday's and Tuesday's losses, due to the Fed's dovish statement and an increase in oil prices.
Due to the Fed's dovish statement on Wednesday, the New Zealand currency soared against the US Dollar, completely negating this week's losses.
The Euro strengthened against the Japanese Yen on Wednesday, amid the BoJ leaving its interest rate policy unchanged.
The bullion commenced a reliable recovery on Wednesday, owing to softer than expected rate projections from the Fed.
The Fed's dovish statement weakened the US currency on Wednesday, allowing the Yen to push the pair beyond the triangle pattern's support line.
The British Pound managed to recover from its intraday low yesterday, amid a dovish Fed statement.
The Federal Reserve turned somewhat bearish on monetary policy yesterday, therefore leading to weaker Greenback and uplifted EUR/USD cross.
Trouble in the New Zealand's dairy sector triggered a 75-pip decline in the NZD/USD currency pair yesterday.
Even though the US Dollar strengthened against its Canadian counterpart on Tuesday, the risk of a bearish outcome is higher today.
The Australian currency has been declining against the US Dollar ever since it touched the 0.76 major level on Monday.
Although the Euro edged closer to the 125.00 major level, the EUR/JPY cross was unable to maintain trade that low, as demand at 126.66, namely the monthly PP, proved to be too strong to pierce.
The bullion switched into the wait-and-see mode, before the Federal Reserve is getting ready to announce its monetary policy decision later on Wednesday.
The BoJ retained its negative rate policy yesterday and, thus, strengthened against the US Dollar, causing the USD/JPY currency pair to drop 65 pips.
The Sterling suffered a rather serious decline against the US Dollar on Tuesday, as fears of a ‘Brexit' returned.
Even though the most traded FX cross was little changed on Tuesday, trading volume surged to one of the highest levels in about 30 days.
Despite the fact that NZD/USD has recently broken out of the bearish channel to the upside, the currency pair does not seem to be in a hurry to advance further north.
Although USD/CAD is currently trading in a bearish channel, the currency pair is facing a major support trend-line, which connects the 2014 and 2015 lows.
The rally started this month is having trouble with the monthly R3, which is not letting AUD/USD to ascend beyond 0.7560.
EUR/JPY is close to completing its bearish correction after the currency pair touched upon the upper boundary of the emerging channel.
Unexpectedly high bets on rate increases from the US Federal Reserve later in the year pushed the yellow metal noticeably down against the American currency.
USD/JPY keeps consolidating within the boundaries of the symmetrical triangle.
Bullishness of the Cable that we have been observing since the beginning of March proved to be insufficient to carry the price over the monthly R1.
EUR/USD ended the Monday session with a slight loss of about 35 pips, as it touched the 1.11 mark where a declined was ultimately stopped.
The New Zealand Dollar's performance was similar to its Australian counterpart's, as the NZD/USD currency pair rallied 80 pips, but in this case was unable to breach the closest monthly pivot, namely the monthly R1.