Like most major pairs at the end of the previous week, the NZD/USD closed trade relatively unchanged.
Due to an unexpected monetary policy decision made by the BoJ, the EUR/JPY cross soared towards the 100-day SMA, but stabilised only at 131.18.
Two formidable technical areas are highly likely to put both upside and downside pressure on gold at the same time.
The USD/JPY currency pair's rally, triggered by the BoJ's decision, was only prevented by the 200-day SMA circa 121.46 last Friday.
The British currency experienced another slump last Friday, reaching a daily low of 1.4150, but stabilising at 1.4246.
EUR/USD moved in a wide trading range on Friday, following relatively unsurprising US GDP data.
After topping out at C$1.46 USD/CAD returned back to the support level implied by the 2004 high.
AUD/USD managed to test the 55– and 100-day moving averages today, but quickly retreated afterwards.
The New Zealand Dollar keeps consolidating, as it appears to have insufficient strength to break through the 0.64 level.
Despite the bearishness of the weekly and monthly technical indicators the Euro keeps gaining more and more ground against the Yen.
Thursday saw gold prices depreciating on the back of increasing risk appetite across the board.
Because of BoJ's unexpected announcement USD/JPY covered the distance between the yesterday's close and 120.50 yen a lot sooner than estimated.
The Cable soared from 1.4230 yesterday and even punched through the resistance line at 1.4360, which was considered to be capable of stopping near-term rallies.
EUR/USD rallied for a fourth consecutive day on Thursday and touched the closest resistance area around 1.0950/70.
NZD/USD has broken out of the symmetrical triangle in the four-hour chart to the downside, meaning we are highly likely to see continuation of the decline from 0.6870 started at the very end of 2015.
USD/CAD remains in the correctional phase after an unsuccessful attack on 1.46 in mid-January.
The recently formed up-trend is holding well, meaning the chances of the Aussie preserving the bullish momentum remain on the table.
EUR/JPY is about to post a sixth day of gains in a row, and for the next 30-40 pips there are no significant resistances.
Gold booked another trading session of gains on Wednesday, after the Fed statement indicated lower probability of a rate hike in March.
At the moment, USD/JPY appears to be on its way back to the major support trend-line the pair has recently (Jan 4) breached.
Yesterday, the Cable completed a pullback after it had breached the accelerated falling trend-line earlier this week.
A dense and difficult resistance cluster ahead of the spot makes the mid-term bearish scenario much more likely than the bullish one.
On Tuesday the American Dollar negated all gains and slumped as low as 1.4047, but with trade closing near the key level of 1.4124.
The Kiwi edged higher towards the 0.65 psychological level on Tuesday, boosted by a rebound in commodity prices.