After piercing the monthly S1, the USD/CAD retreated and stabilised only at 1.3038. on Tuesday.
The Australian Dollar made a U-turn yesterday, dropping as low as the weekly PP and monthly R1 support cluster on weak Chinese data.
The EUR/JPY currency pair dropped to the target level of 136.00, but closed trade slightly higher, remaining relatively unchanged over the day.
The price of gold managed to exceed its August maximum early this morning, but further appreciation of the yellow metal seems doubtful.
The USD/JPY currency pair brought no surprises on Tuesday, as it slumped towards the second support area near 119.70.
Despite the gravestone doji formed on Oct 11 and proximity to a strong resistance level the bulls keep pushing the price higher.
A correction occurred yesterday due to deflation in the UK, taking the Cable's exchange rate significantly lower.
The immediate support cluster just above the 1.29 psychological level was tested yesterday, ultimately pushing the USD/CAD higher.
Surprisingly, the Japanese Yen managed to outperform the Euro on Monday, breaching the immediate support and stabilising at 136.32.
The resistance cluster around the 0.67 major level kept the New Zealand Dollar from rising against its US counterpart too high.
The AUD/USD was unable to climb over the 100-day SMA, leaving the eight-week high unconquered.
For the time being the precious metal is struggling to recover in the vicinity of the August high.
The weekly PP and 20-day SMA failed to provide sufficient support in order to help the Buck outperform the Yen.
The Cable appears to have entered a consolidation period, as it keeps gravitating towards the 200-day SMA.
After the yesterday's session we now have an additional bearish signal, which is a gravestone doji.
The NZD/USD currency pair managed to climb higher, as the 0.6650 point, namely the intersection of the 100-day SMA and the Bollinger brand, provided sufficient support to cause a rebound.
The USD/CAD has been leaving its multi-year highs area for almost two weeks.
The Aussie extended its recovery by outperforming its US counterpart for the eighth consecutive day.
On Friday, the European currency appreciated against the Japanese Yen, not only piercing the two immediate resistances, but also testing the third one.
Gold is about to touch August's high, which is strengthened by the weekly R1 and the Bollinger band.
The US currency behaved in accordance with expectations on Friday.
Upon reaching the immediate resistance in face of the weekly R3 on Friday, the GBP/USD was pushed back, leading to a fall towards the 1.53 major level.
The immediate resistance is at 1.14, represented by the upper Bollinger band and monthly R1.
The New Zealand Dollar prolonged its rally for another day, but met resistance in face of the 100-day SMA and the weekly R3 around 0.6666.