The USD/CAD pair introduced no significant changes to its overall price range on Monday, as it remained trading with low volatility.
The Australian Dollar has been bound by a descending channel against the US Dollar since mid-February.
The common European currency remained stable against the Japanese Yen on Friday, as it was confined within the bounds of the weekly pivot point at 130.67 and the 55-hour simple moving average.
The yellow metal was stable against the US Dollar on Friday morning, as it was supported by the 55-hour SMA and the 38.20% Fibo retracement.
The market has not introduced notable changes to the Pound's price level against the Greenback during the previous trading session, as the pair remained fluctuating in a narrow 1.3772/1.3810 range.
Following an unsuccessful test of the 55-, 100– and 200-hour SMAs mid-Thursday, the US Dollar managed to maintain its southward movement during the following session, as well.
Following a test of a five-month ascending channel circa 1.2170, the common European currency was driven by strong upside potential.
Following a test of the monthly pivot point at 0.7187, bulls took control of the market and manage to push the NZD/USD pair higher yesterday.
The US Dollar has extended its gains against the Canadian Dollar. Nevertheless, the surged was stopped by the monthly pivot point at 1.2771.
Upside momentum prevailed yesterday and thus sent the Australian Dollar rallying against the US Dollar. As a result, the pair was able to breach the 55-hour simple moving average.
The previously described scenario on Thursday regarding the EUR/JPY had occurred.
The support levels just above the 1,300.00 mark where reached even faster than it was expected.
The Dukascopy research team has abandoned the idea to map the USD/JPY with a short term pattern. The reason for the decision is that the US Dollar is too volatile against the Japanese Yen. The volatility is largely caused by politics and monetary policy.
Finally the exact location of the dominant support can be marked, as the Pound has fully confirmed the trend line by surging against the US Dollar.
The picture on the EUR/USD charts is a complicated mix of technical levels and fundamental events causing various moves. This combination has resulted in a rather high volatility to the upside in the last 24 hours.
The New Zealand Dollar has extended the decline against the US Dollar. Nevertheless, this decline was stopped by the monthly S2 at 0.7187.
The bullish pressure continued to prevail on Wednesday, thus sending the USD/CAD pair to a three-month high at 1.2860.
Downside risks prevailed in the market on Wednesday and thus sent the Australian Dollar for a fall against the US Dollar. As a result, the rate was able to breach the monthly support at 0.7778.
Despite signals pointing to a possible recovery during the previous session, the Euro failed to overcome the bearish sentiment, and by the end of the day, the pair lost 60 pips.
The expected decline of the yellow metal has occurred. However, it did not come into reality exactly as it was expected.
The support level described on Wednesday did not manage to hold its ground. As a result one can spot a large, red hourly candle on the USD/JPY currency pairs charts. Although,
The patterns drawn on Wednesday have held their ground, as the Pound continues to trade against the Greenback in a narrow channel down pattern.
During the early hours of Thursday's trading session the common European currency continued to lose ground against the US Dollar.
The New Zealand Dollar has been depreciating in a descending channel against the US Dollar after it touched the upper boundary of the channel down on February 16.