The New Zealand Dollar has been trading in a one-week descending channel against the US Dollar. The currency pair tested the lower boundary of the channel during the end of yesterday's session.
The US Dollar declined massively against the Canadian Dollar on Wednesday. The currency pair lost about 0.99% of its values during the end of Wednesday's trading session.
he Australian Dollar declined about 0.70% against the US Dollar on Wednesday. The currency pair was pressured south by the 100-hour simple moving average during yesterday's session.
The single European currency depreciated about 150 base points against the Japanese Yen on Wednesday. The decline was temporary stopped by a support level formed by the lower boundary of a descending channel at 127.50.
The New Zealand Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair was moving along the 100-hour simple moving average and the 200-hour SMA during the previous session.
The US Dollar has continued to trade sideways against the Canadian Dollar. The currency pair maintained Monday's trading range of 1.3128 and 1.3084 during yesterday's session.
The Australian Dollar traded between the range of 0.7087 and 0.7053 during Tuesday's session. The exchange rate was stranded between SMAs during the morning hours of Wednesday trading session.
The common European currency has depreciated about 120 base points against the Japanese Yen since Tuesday's trading session.
Gold prices have surged on Tuesday morning and reached the upper trend line of a dominant ascending pattern near the 1,235.00 level.
The US Dollar continued to plummet in value against the Japanese Yen on Tuesday. Namely, the rate had fallen down tot he 112.15 mark by the middle of the day. At that level a 50.00% Fibonacci retracement level was located at.
On Tuesday, the GBP/USD continued its decline, which was occurring after the rate passed the support line of a large scale channel up pattern.
The New Zealand Dollar depreciated about 55 base points against the US Dollar on Monday. The exchange rate breached the 200-hour simple moving average at 0.6551 during the end of Monday's session.
The common European currency has retreated against the US Dollar down to the 1.1440 mark. At that level the pair had met the support of a dominant pattern and surged.