The Kiwi not only pierced the second resistance level yesterday, but also tested the third one, namely the upper trend-line of the channel.
On Tuesday, the US Dollar behaved almost according to expectations, as it bounced back from the 1.30 major level.
The Aussie's gains on Tuesday exceeded expectations, as the Australian currency easily pierced the immediate resistance and even tested the second cluster.
"The context is highly positive to work on long-term transformation of Europe, which would include structural reforms to improve competitiveness, but also to work on the demand side."- McKinsey Global Institute (based on CNBC)
Gold intended to rebound on Tuesday, in order to erase at least a small part of losses that occurred in the beginning of this week.
The USD/JPY currency pair suffered losses on Tuesday, edging below the 124.00 major level once again.
The Cable failed to appreciate yesterday, but 20 and 55-day SMAs still prevented the pair from edging lower.
EUR/USD failed to consolidate below the May low at 1.0818, therefore giving bulls a chance to push the pair back to the upside.
On Monday, the New Zealand Dollar outperformed its US counterpart, as it advanced 64 pips against it.
After experiencing some volatility, the USD/CAD currency pair still ended the day with a slight surge, but was unable to settle above 1.30.
Even though the Australian Dollar was just 12 pips away from the immediate support yesterday, it still managed to inch up.
On Monday, the EUR/JPY cross behaved according to expectations, as it edged up despite bearish technical indicators.
XAU/USD closed below the long-term downward-sloping line on Monday, even though the bullion showed some signs of a recovery after a slump that took place earlier in the beginning of the day.
On Monday, the USD/JPY currency pair edged slightly higher, adding 16 pips in total.
The Sterling misbehaved at the beginning of the week, as it sustained minor losses, rather than appreciating against the US currency.
Despite showing almost no movements on Monday, the EUR/USD cross managed to approach the May low at 1.0818, but failed to close below this level.
At the end of the previous week, the New Zealand Dollar remained relatively unchanged against its US counterpart, instead of appreciating.
Even though the US Dollar breached through the 1.30 major level, the USD/CAD pair still remained relatively unchanged by the end of the day.
On Friday, the AUD/USD currency pair negated last Thursday's gains, but failed to reach the nearest support level at 0.7350.
As expected, the Euro declined for the fifth consecutive day last Friday, but was unable to reach the immediate support cluster around 134.00.
Friday losses of the bullion down to the 2014 low at 1,131 were completely overshadowed by developments on Monday morning.
The 124.00 major provided support this time, preventing the USD/JPY pair from sustaining too much losses.
The Cable experienced substantial volatility last Friday, reaching both the support and resistance targets.
EUR/USD managed to close below the monthly S1 on Friday and reached the 1.0830 mark by the end of last week's trading.