Downside risks prevailed in the market on Wednesday, thus sending the New Zealand Dollar to plunged about 80 base points against the US Dollar. As a result, the currency pair broke the three weeks descending channel.
The US Dollar appreciated by 80 pips against the Canadian Dollar on Wednesday. The currency pair was trading between the 100-hour SMA which is located below at 1.2854 and the 200-hour simple moving average at 1.2918.
The Australian Dollar depreciated about 100 base points against the US Dollar on Wednesday. The currency pair was located near the 0.7077 area during the first part of today's session.
The Eurozone single currency depreciated about 70 base points against the Japanese Yen on Wednesday. The decline was temporary stopped by a support cluster formed by the weekly and the monthly PPs at 131.05.
The New Zealand Dollar depreciated about 45 base points against the US Dollar on Tuesday. The downside movement was constrained by a one-week descending channel pattern.
No significant changes occurred to the US Dollar versus the Canadian Dollar on Tuesday. The exchange rate has been moving sideways for the third consecutive trading session.
Downside sentiment dominated the Australian Dollar versus the US Dollar on Tuesday. The currency pair plunged about 70 base points during the end of yesterday's trading session.
Downside risks prevailed in the market on Tuesday, thus sending the common European currency to crashed about 100 base points against the Japanese Yen. The currency pair tested the lower boundary of a descending channel at 130.76 during the previous session.
The New Zealand Dollar has depreciated about 52 base points against the US Dollar since yesterday session. The currency pair was guided south by the 50-hour simple moving average.
No significant changes occurred to the US Dollar against the Canadian Dollar on Monday. The currency pair was trading sideways during the previous session.
The Australian Dollar has depreciated about 70 base points against the US Dollar since Monday's session. The currency pair breached the lower boundary of a one-week descending channel at 0.7183 during the first part of today's session.
The single European currency has depreciated about 160 base points against the Japanese Yen since yesterday. The currency pair breached a support cluster formed by the combination of the weekly and the monthly PPs at 131.05 and also tested the lower boundary of a descending channel at 130.84 during the first part of today's session.