The New Zealand Dollar has been moving in a horizontal channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.6733 on Friday.
The Greenback depreciated by 91 base points against the Canadian Dollar on Friday. The exchange rate breached the 50-hour simple moving average at 1.3263 during Friday's trading session.
A resistance level formed by a traditional monthly pivot point at 0.7105 restricted the Australian Dollar from making an upward movement against the US Dollar on Friday.
The GBP/USD pair is bouncing off resistance levels, which create a resistance cluster from the 1.2940 to 1.2950 levels. Meanwhile, the pair had no technical support as low as the 1.2860 mark.
The 50-hour simple moving average pulled down the Eurozone single currency against the Japanese Yen on Friday. The pair depreciated about 0.42% during Friday's trading session.
On Monday morning the EUR/USD was testing the support of a medium scale ascending pattern. The forecasts surround this level.
The New Zealand Dollar traded with low volatility against the US Dollar on Thursday. The currency pair was moving along the weekly S2 at 0.6758 during Thursday's trading session.
The US Dollar edged higher over 90 base points against the Canadian Dollar on Thursday. A breakout occurred through the upper boundary of a junior ascending channel during Thursday's trading session.
The Australian Dollar depreciated about 55 base points against the US Dollar on Thursday. The currency pair breached the lower boundary of a descending channel pattern at 0.7072 during yesterday's trading session.
The common European currency remained trading in a newly formed junior descending channel against the Japanese Yen on Thursday. The currency pair tested the bottom border of the channel pattern at 124.37 during yesterday's trading session.
The New Zealand Dollar depreciated about 137 base points against the US Dollar on Wednesday. The currency pair breached a medium-term ascending channel pattern during yesterday trading session.
The US Dollar appreciated about 94 base points against the Canadian Dollar on Wednesday. The exchange rate breached the 200-hour simple moving average at 1.3177 during yesterday's trading session.
The Australian Dollar depreciated about 143 base points against the US Dollar on Wednesday. The currency pair breached all major support levels during yesterday's trading session.
The single European currency versus the Japanese Yen has revealed a new junior descending channel pattern. The channel pattern and the 200-hour simple moving average have guided the currency pair towards the lower boundary of an ascending channel.