The New Zealand Dollar appreciated about 76 base points against the US Dollar on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during Friday's trading session.
The US Dollar depreciated about 123 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior descending channel pattern during Monday's trading session.
The Australian Dollar appreciated about 131 base points against the US Dollar on Friday. The currency pair breached the three simple moving averages during Friday's trading session.
The common European currency traded with low volatility against the Japanese Yen on Friday. The currency pair was stranded between the 50-hour and 100-hour simple moving average during the previous session.
Bullish sentiment dominated the NZD/USD currency pair on Thursday. The pair bounced off the lower boundary of a descending channel pattern at 0.6600 and had since gained about 110 base points.
Downside risks have been dominating the USD/CAD exchange rate since Thursday's trading session. As a result, the US Dollar has depreciated about 210 base points against the Canadian Dollar.
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. The exchange rate breached the upper boundary of a descending channel pattern at 0.7017.
Bullish sentiment dominated the single European currency against the Japanese Yen on Thursday. The currency pair gained about 241 base points during yesterday's trading session.
The New Zealand Dollar depreciated about 129 base points against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel during yesterday's trading session.
The US Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the beginning of December. The pair revealed a new uptrend line during the previous session and tested the bottom border by the end of Wednesday's trading session.
The Australian Dollar depreciated about 289 base points against the US Dollar on Wednesday. The currency pair tested a psychological support level at the 0.6800 during the previous trading session.
The common European currency depreciated about 628 base points against the Japanese Yen on Wednesday. This sharp decline was caused by the general strength of the Yen against a basket of major currencies.
The New Zealand Dollar has been trading in a falling wedge pattern against the US Dollar since the middle of December. The currency pair was bounded between support and resistance area since the beginning of the holiday season.
Bearish pressures have dominated the US Dollar against the Canadian Dollar since the beginning of December. As a result, the currency pair reached May 2017 swing high of 1.3663.
The Australian Dollar continues its decline against the US Dollar in a descending channel pattern. This downward movement was not very distinct throughout the previous session, as traders were reluctant to enter into massive trades during the holidays season.
The last trading days of 2018 was dominated by the bearish sentiment. After testing the combined resistance level of the 200-hour simple moving average and the upper boundary of a descending channel pattern at 127.07, the common European currency began to depreciate against the Japanese Yen and shot down to the 124.34 area.
The yellow metal's price has surged above the 1,285.00 level by the middle of Wednesday's trading session. Moreover, the surge was expected to continue.
Dukascopy Analytics were surprised to find out that the previously drawn descending pattern, which was in focus of the daily reviews before Christmas, was still holding at the start of January.