Last Friday, the NZD/USD currency pair bounced off the channel resistance trend-line and declined towards the 2010 low once again.
On Friday, the US Dollar barely managed to negate last Thursday's losses, in spite of strong volatility to the upside.
The AUD/USD currency pair behaved in accordance with the forecast, as it declined last Friday.
The EUR/JPY cross fell in line with expectations, as it edged lower on Friday.
The outlook is strongly bearish towards the bullion, as right now we are consolidating just below the recently broken major trend-line.
The Greenback failed to appreciate on Friday, which resulted in reaching the weekly PP at 123.59.
Even though the GBP/USD currency pair reached the immediate support on Friday, trade still managed to close above the 1.55 major level.
The bulls are currently eroding the 100-day SMA, and if they succeed, the next target will be a cluster of resistances around 1.1150.
Although the Kiwi experienced strong volatility to the upside, the day still ended with the NZD/USD remaining flat.
The Greenback plunged on Thursday, but not as much as anticipated.
Despite expectations, the AUD/USD currency pair declined on Thursday, as it failed to resume trade above the 0.74 psychological level.
Although the European currency advanced against the Yen yesterday, the 200-day SMA failed to stop the rally.
XAU/USD tested the weekly S3 at 1,088 for a third time this week on Thursday.
Despite expectations, a correction took place on Thursday, forcing the USD/JPY to drop below the 124.00 major level again.
The Cable failed to rise on Thursday, as the worse-than-expected UK fundamentals pushed the GBP/USD currency pair back down.
EUR/USD climbed to its weekly high on Thursday, by reaching the 1.10 mark, which is reinforced by 100 and 20-day simple moving averages.
Although the Kiwi reached a five year low yesterday, the NZD/USD still closed trade at 0.6617, thus, remaining relatively unchanged.
On Wednesday, the Greenback surged against its Canadian counterpart and breached the 1.30 barrier.
The Australian Dollar lacked the strength to breach the resistance cluster around 0.7450, which caused the Aussie to suffer losses yesterday.
Despite rather substantial volatility to the downside, the Euro remained relatively unchanged versus the Japanese Yen.
The precious metal is trading in the mixed environment for a third consecutive day on Thursday, after a substantial drop took place back three days ago.
Upon reaching weekly PP yesterday, the US Dollar bounced back and appreciated up to 124.08 against the Yen.
On Wednesday, GBP/USD behaved in accordance with expectations, as the pair managed to rebound from the 20 and 55-day SMAs.
EUR/USD was unchanged on Wednesday, after the market has sold off down to the monthly S1 at 1.0875 and recovered back in the direction of the weekly PP at 1.0949.