The EUR/JPY cross experienced rather serious volatility in the beginning of the week and ended the day with a 50-pip loss.
The USD/CAD currency pair was unable to edge below the immediate support cluster and ended the day with a mild rally yesterday.
Stress across global equity markets is skewing gold's risks to the upside.
With demand for safe-haven assets higher on Monday, the USD/JPY currency pair fell to a one-year low, while volatility stretched out even further.
The British currency extended its decline against the US Dollar on Monday, but with trade closing above the expected 1.44 level.
EUR/USD turned around yesterday, as rising market instability raised attractiveness of the Euro and sent the pair back to 1.12.
Friday's bounce off of the resistance line most likely sent the NZD/USD currency pair on a bearish route.
The AUD/USD currency pair experienced a rather sharp loss on Friday, as the supply around the 0.72 major level proved to be impenetrable.
Although the US Dollar was able to outperform its Canadian counterpart last Friday, from a technical perspective, the pair is likely to undergo a correction today.
The pair has been undergoing a corrective decline ever since the exchange rate hit the 14-month resistance line two weeks ago.
We are observing some selling pressure for the first time in seven trading days.
The Greenback appears to be eager to recover from an almost full week of losses against the Japanese Yen, despite mixed fundamental results on Friday.
The Cable took a beating on Friday, as the exchange rate edged closer to the 1.45 psychological level, mostly due to a decline in US Unemployment Rate.
Last Friday was the first bearish day for EUR/USD in six consecutive trading sessions.
The falling resistance trend-line and the 200-day SMA between 0.67 and 0.6760 seem unlikely to let the New Zealand Dollar to appreciate more than it already has.
USD/CAD managed to rebound from the monthly S1, but unless the currency pair is able to recover past 1.3865/40 (weekly S1, 55-day SMA, and down-trend), the Greenback will likely keep losing ground until the up-trend at 1.35.
AUD/USD appears unwilling to make a decisive move above 72 cents, which would imply a continuation of the latest recovery to 73 cents.
As supply around 132 yen was supposed to, it drove the currency pair away from the 14-month trend-line and the 100-day SMA through the recently established accelerated up-trend.
Yellow metal remains increasingly buoyant for the moment, given global economic uncertainty and expectations that the Fed will keep interest rates low.
USD/JPY violated a yet another monthly pivot, closing 110 pips lower yesterday.
GBP/USD is currently retreating from the monthly R1, but the currency pair retains potential to go higher from here.
European common currency continued rallying versus the Greenback on Thursday, by adding 104 extra pips to end the American session at 1.1207.
In hindsight, it is now clear that instead of a channel NZD/USD was in fact forming an ascending triangle, which usually portends a rally.
Just like in many other major pairs, the US Dollar weakened to the point where it broke through major technical levels.