The powerful support cluster around 1.55 managed to turn the tide for the Cable.
EUR/USD declined for a third consecutive day on Wednesday, even though losses were limited after FOMC minutes.
On Tuesday, the NZD/USD experienced substantial volatility on Tuesday, as the pair reached the daily high of 0.7444 and the low of 0.7337.
The Greenback extended the rally against its Canadian counterpart for the fourth consecutive time.
In spite of the expectations of the trend-line to provide sufficient support, the Aussie still slumped against the US Dollar.
The EUR/JPY cross behaved according to the forecast, as it dropped down yesterday.
Stronger US Dollar forced the yellow metal to plunge considerably on Tuesday.
The US Dollar overperformed on Tuesday, as the initial resistance level was easily breached.
Yet again the Sterling weakened against the US Dollar due to disappointing fundamental data.
EUR/USD observed an aggressive sell on Tuesday of this week, prompted by remarks from the ECB.
The monthly S1 lacked the strength to stop the Kiwi from falling on Monday.
The US Dollar managed to appreciate against its Canadian counterpart yesterday, almost negating two-week losses.
Indeed, the strong resistance cluster pushed the EUR/JPY cross down yesterday, but not as far as anticipated.
As the AUD/USD currency pair approaches the support trend-line, chances of a rebound grow.
On Monday, XAU/USD registered only insignificant net price changes.
The Greenback managed to overcome the immediate resistance cluster and even to negate last Wednesday's losses.
The British currency experienced weakness against the US Dollar for the second time in a row, as the pair dropped by 75 pips yesterday.
EUR/USD bounced significantly to the downside on the first day of this working week.
Just like EUR/JPY, AUD/USD is struggling to get past a major resistance area created by the monthly R1 and 200-day SMA.
EUR/JPY crashed into the major resistance level, which may well prevent further appreciation of the Euro.
The overall outlook on NZD/USD is bearish, being that the currency couple has recently confirmed resistance at 0.77 (200-day SMA), and there is a high possibility of the US Dollar strengthening in the rest of the pairs.
Since mid-March the exchange rate has fallen from 1.28 to 1.20.
The American Dollar has been showing weakness for the past five trading days.
Regardless of nearly all the indicators pointing up, the trading range of USD/JPY keeps narrowing.