The US Dollar has been trading in a two-week ascending channel against the Canadian Dollar. The currency pair re-tested the bottom border of the channel pattern during Friday's trading session.
The Australian Dollar has been moving in a one-week descending channel pattern against the US Dollar. The currency pair tested the upper boundary of the descending channel several times on Friday.
Upside risks prevailed in the market on Friday, thus sending the common European currency to gain about 65 base points against the Japanese Yen. The currency pair tested the upper boundary of an ascending channel pattern during the end of Friday's trading session.
Bearish momentum pressured the New Zealand Dollar versus the US Dollar on Wednesday. As a result, the Kiwi lost about 73 base points of its values during the previous trading session.
The USD/CAD currency pair has continued to trade sideways movement for the fifth consecutive trading session. However, the US Dollar slightly increased its trading range against the Canadian Dollar on Thursday.
The Australian Dollar has revealed a new junior descending channel pattern against the US Dollar. The channel pattern has guided the currency pair towards a traditional monthly pivot point at 0.7154.
Bullish sentiment dominated the single European currency against the Japanese Yen on Wednesday. As a result, the currency pair appreciated about 0.72% during yesterday's session.
The New Zealand Dollar has been depreciating against the US Dollar since Tuesday's trading session. The currency pair has lost about 0.90% of its values.
The US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern during the middle of the European trading session on Wednesday.
The Australian Dollar edged lower by over 45 base points against the US Dollar on Tuesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
The common European currency depreciated about 144 base points against the Japanese Yen on Tuesday. The decline was stopped by a support level formed by the upper boundary of an uptrend line at 123.40.