Fed Chair Janet Yellen's speech during yesterday's session took on a much more informative stance as she mainly discussed the various technological advancements and globalization issues.
Should the EUR / USD pair reach its resistance range at 1.1380 points, then the currency pair might be able to test its range highs of 1.1420-1.1470 points, which can be further propelled by the next scheduled speaking engagement from ECB's Mario Draghi, whose hawkish comments yesterday triggered a sharp surge in the currency pair's value.
His statement also cemented investor speculations of a speedier tapering off of the ECB's QE policies within the eurozone.
Meanwhile, the NZD / USD experienced a widespread shutdown of long positions during yesterday's session.
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