A one-week ascending channel has guided the Australian Dollar higher against the US Dollar on Friday.
The common European currency depreciated about 114 base points against the Japanese Yen on Friday. The currency pair breached both the 50– and the 100-hour SMAs at 129.79 during the end of Friday's session.
The New Zealand Dollar appreciated about 66 base points against the US Dollar on Thursday. The currency pair tested the upper boundary of an ascending channel at 0.6533 during the end of the previous session.
The US Dollar traded with low volatility against the Canadian Dollar on Thursday. The currency pair was moving between the range of 1.3066 and 1.3006 during yesterday's trading session.
The Australian Dollar appreciated about 70 base points against the US Dollar on Thursday. The currency pair breached the 200-hour simple moving average at 0.7104 during the end of yesterday's session.
The single European currency appreciated about 90 base points against the Japanese Yen on Thursday. The currency pair closed below the weekly S1 at 130.28 during yesterday session.
The New Zealand Dollar depreciated about 54 base points against the US Dollar on Wednesday. The currency pair returned to the descending channel during the end of the previous session.
Upside risks prevailed in the market on Wednesday, thus allowing the US Dollar to surged about 140 base points against the Canadian Dollar. The momentum was stopped by the weekly resistance level at 1.3066.
Downside risks dominated the AUD/USD currency pair on Wednesday. The Australian Dollar declined about 86 base points against the US Dollar during the end of yesterday's trading session.
Downside momentum dominated the common European currency against the Japanese Yen on Wednesday. The exchange rate declined about 120 base points during the end of yesterday's session.
Upside momentum dominated the NZD/USD currency pair on Tuesday. The Kiwi surged about 62 pips against the Greenback. The exchange rate tested the upper boundary of a descending channel during the Asian session on Wednesday.
Downside risked prevailed in the market on yesterday, thus allowing the US Dollar to crashed about 67 base points against the Canadian Dollar. The declined started after the currency pair tested a resistance cluster formed by the weekly and the monthly PPs near the 1.30 mark.
Upside risks prevailed in the market on Tuesday, thus sending the Australian Dollar to surged about 65 base points against the US Dollar. This rally was stopped by the 200-hour SMA.
Upside risks have dominated the EUR/JPY currency pair since yesterday. The common European currency has gained about 88 base points against the Japanese Yen since Tuesday's session.