Due to poor US fundamental results on Wednesday, the GBP/USD currency pair recovered from intraday lows and ended the day relatively flat.
Disappointing fundamental reports from both Europe and US resulted in no change for the EUR/USD currency pair on Wednesday.
As was anticipated, the New Zealand Dollar outperformed the Greenback and tested the second resistance area around 0.6875.
A surge in oil prices boosted the Loonie on Tuesday, causing the USD/CAD to almost completely erase Monday's gains.
On Tuesday, the Australian Dollar appreciated against its US counterpart, but with gains failing to exceed the 0.73 major level, rather than the anticipated 0.7310.
The EUR/JPY cross experienced more weakness on Tuesday, edging closer to the weekly S1 at 131.28. Nevertheless, technical indicators are giving bearish signals again today, increasing the possibility of the Euro to prolong the decline.
The yellow metal saw completely no movement in either direction on Tuesday of this week, given that traders took a pause in the run up to New Year holidays.
The Greenback managed to outperform the JPY yesterday, due to the boost provided by the strong US fundamentals.
The Cable was pushed down below the 1.48 major level on Tuesday, amid a strong reading of US fundamental data.
EUR/USD became increasingly turbulent after the US session began yesterday.
Although the 200-day SMA managed to limit the NZD/USD's volatility yesterday, trade still closed ten pips lower.
The American Dollar jumped higher against the Canadian currency on Monday, partially recovering from last week's losses.
On Monday the European currency retreated from intraday highs and closed trade just above the 132.00 psychological level, as was anticipated.
There were no surprises in the AUD/USD currency pair's performance on Monday, as the sell-off stopped in front of the immediate support cluster.
The bullion decided to respect a downward trend-line, which connects November and December highs and is currently placed at 1,077.
The US Dollar managed to edge higher against the Yen on Monday, with the immediate resistance in face of the weekly PP somewhat limiting the volatility and causing the pair to close only at 120.40.
The Sterling slightly exceeded expectations yesterday, as the corrective decline stretched beyond the immediate support.
For a second day the most traded FX cross remains largely stuck in between the weekly pivot point and weekly R1 at 1.0975.
The Kiwi has been appreciating against the US Dollar ever since it bounced back from the up-trend in November.
The Greenback failed to continue outperforming its Canadian counterpart, as the breached of the support in face of the monthly R3 set the USD/CAD on a downsliding journey.
Even though the AUD/USD ended last week with a rally, it is unlikely to be able to extend those gains today.
The EUR/JPY currency pair started the week with a surge, almost completely erasing the previous week's losses.
In the run up to Christmas holidays gold recovered past 20-day SMA to close at 1,075.
As was anticipated, the USD/JPY dropped lower through the end of the previous week, after the head of BoJ stated that further QQE in Japan is unlikely.