The decline of the NZD/USD currency pair has been guided by the 50-hour simple moving average.
Downside risks prevailed in the market on Friday, thus sending the US Dollar to plunged by 200 base points against the Canadian Dollar.
The Australian Dollar has been trading in a one-week descending channel against the US Dollar.
The common European currency appreciated about 100 pips against the Japanese Yen on Friday. The currency pair breached the 50– and 200-hour SMAs at 132.17 during the end of Friday's session.
The New Zealand Dollar has depreciated significantly against the US Dollar since the beginning of this week. The currency pair has lost about 1.47% of its values.
The Canadian Dollar depreciated about 0.94% against the US Dollar on Thursday. The exchange rate made bounced off a support cluster formed by the weekly PP and the 50-hour simple moving average at 1.2955 during the first part of yesterday's trading session.
Positions Today Yesterday % Change Longs 69% 71% -2.90% Shorts 31% 29% 6.45% Indicator 4H 1D 1W MACD
The Eurozone single currency depreciated about 100 base points against the Japanese Yen on Thursday. The currency pair is near a support cluster formed by the weekly and the monthly PPs at 131.85 during the morning hours of Friday's trading session.
A two-week ascending channel has guided the New Zealand Dollar higher against the US Dollar.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair ended the previous session with a 100 base points gained.
The AUD/USD currency pair traded with high volatility on Wednesday. The pair tested a one-month high mark at 0.7315 during the end of yesterday's trading session.
Downside risks prevailed in the market on Wednesday, thus sending the common European currency to decline by 81 base points against the Japanese Yen. The pair broke the three weeks ascending channel as shown on the 1(H) chart.
The yellow metal's price increased volatility during the Federal Funds rate announcements and the following Federal Reserve's press conference. During that volatility it reached downwards and almost touched the 1,190.00 level.
It was already previously mentioned that the narrow surge in a channel up pattern can not continue on the USD/JPY charts. The US rate hike provided the needed volatility for the pattern to be broken.