The USD/JPY exchange rate was tended north on Monday but wit no large gains apparent during this session.
The Pound was relatively steady against the US Dollar early on Monday.
Upside risks prevailed during the first part of Monday with the Euro breaching the 55-hour SMA and an eight-week channel down.
The price movement of the NZD/USD currency pair during the last one week has been guided by a medium-term channel. The exchange rate was supported by the 100– hour simple moving average at 0.69.
The USD/CAD exchange rate has been mostly affected by the fundamental event. The reason for this is because of the US president Donald Trump's administration slapping tariffs on aluminum and steel for its close allies. Namely, Canada, Mexico, and the European Union.
The Australian Dollar accelerated against its Canadian counterpart late last week when the pair bounced off it lower boundary of an ascending channel. The rate has since strengthened by 1.99%, thus reaching a six-week high near the 0.7664 mark on Monday.
The EUR/JPY currency pair is trading in a one-week ascending channel. The pair tested its lower boundary near 124.50 on May 29 prior to reversing its sentiment and gradually moving toward the up border.
The yellow metal was stranded in a narrow range between the 55-, 100– and 200-hour SMAs early on Friday.
Following two sessions of sideways movement, the Greenback eventually managed accelerated against the Yen on Friday
Bulls prevailed on Friday, thus pushing the GBP/USD exchange rate past the 55-, 100– and 200-hour SMAs and the prevailing five-week channel down.
The common European currency remained stable against the US Dollar for the third consecutive session on Friday, as the pair continued to fluctuate around the 55– and 200-hour SMAs.
The NZD/USD exchange rate did not introduce significant changes to its positioning during the previous session, as the pair movement was restricted by the weekly pivot point at 0.70.
Following a 170-pip or 1.33% gain on Thursday, the USD/CAD exchange rate entered a minor period of consolidation slightly above the 200– hour simple moving average. The pair has moved closer to the upper boundary of a descending pattern.
The AUD/USD exchange rate closed Thursday's trading session finding support at the 200– hour simple moving average. The aforementioned SMA has been providing support for the pair since May 30.
After a rebound on Thursday, the EUR/JPY exchange rate revealed a new junior ascending channel. This pattern indicates that the Euro is set to moved past a two-week resistance level at the 129.00 mark.
XAU/USD remained stable on Thursday, similarly to other major currency pairs which include the US Dollar.
Thursday's trading session did not introduce significant changes to the pair's price level, as any attempts to move either direction were restricted by the 100-hour SMA and the weekly S1.
Bulls dominated the GBP/USD exchange rate during the first part of Thursday.
EUR/USD showed some volatility on Thursday but it did not leave that session's opening level near 1.1670.
Even though the New Zealand Dollar increases its trading range against the US Dollar during the previous session, the currency pair failed to make a substantial move up due to the weekly resistance level at 0.70.
The bearish momentum has guided the US Dollar down against the Canadian Dollar. By the end of Wednesday's trading session, the exchange rate has lost 171 base point or 1.33%.
After hitting this week low level of 0.74 early Wednesday's the AUD/USD exchange rate started to gain strength. This surge was caused by the general weakness of the US Dollar.
The EUR/JPY currency pair finally stopped its descending movement. By the end of Wednesday's session, bulls managed to take control of the market. Although the pair rally yesterday, the dominant descending pattern are still holding strong.
The yellow metal remained steady against the US Dollar during the previous session, as it was fluctuating around the 55– and 100-hour SMAs on the given day.