The European currency continued to decline against the Japanese Yen on Thursday, but was still unable to close below the immediate support cluster.
GBP/CAD contained its movements neatly inside of a channel down for the last year, but has recently shown some upside potential, adjusting the bottom trend-line to fit a falling wedge. The downtrend got a decent confirmation at 2.0954 where a double top expressed built up bearish momentum with a breach of the neckline at 1.8205. The pair then sent a
The yellow metal was in a full on retreat on Friday morning, as it had erased all of Thursday's gains.
Even though the American Dollar weakened against the Japanese Yen on Thursday, the strong support circa 102.75 managed to limit the losses; however, the 103.00 threshold was still crossed yesterday.
Due to the upbeat UK statement and the High Court's decision yesterday, the British Pound received a solid boost, adding more than 150 pips against the US Dollar.
The common European currency stopped appreciating against the US Dollar and moved lower on Friday morning, as the rate previously encountered resistance in the second half of Thursday's trading session.
The New Zealand Dollar managed to break the first monthly resistance located at 0.7298 against the US Dollar by mid-day on Thursday.
The US Dollar continued to lose ground against the Canadian Dollar by mid-Thursday, as the currency exchange rate traded just above the weekly PP at 1.3370.
The Aussie barely appreciated against its US counterpart on Wednesday, adding only nine pips, therefore, leaving the 0.77 level unconquered.
The European single currency behaved according to expectations, having weakened against the Yen yesterday and with losses limited by the strong support cluster, located around 114.50.
The yellow metal surge on Thursday morning, as it managed to break the resistance of the weekly R2 at 1,296.73 and the 55-day SMA at 1,300.38.
Demand for safe-haven currencies was higher on Wednesday, causing the USD/JPY currency pair to slump more than 85 pips, with volatility even reaching the 103.00 level.
Wednesday ended with the Cable easily climbing over the 1.2250 level, thus, breaching the shorter period consolidation trend.
The Euro continued to surge against the US Dollar on Thursday morning, as the currency exchange rate was in its third consecutive session of gains.
The Kiwi skyrocketed against the US Dollar by mid-Wednesday due to two reasons.
The US Dollar continued to depreciate against the Canadian Dollar, as the US politics continued to weaken the Greenback.
Hawkish RBA caused the Australian currency to reach the second resistance area yesterday, with trade closing near the forecasted level of 0.7660.
Rather substantial volatility was experienced on Tuesday, but the EUR/JPY pair still ended the day with only a few-pip rally.
The yellow metal continued to surge on Wednesday's morning, as it broke out of the ascending channel pattern, in which it had been trading since the start of October.
Once again the USD/JPY pair failed to reclaim the 105.00 level, which resulted in a rather sharp decline of 66 pips yesterday.
The GBP/USD pair's consolidation trend was preserved yesterday, as the 1.2250 level remained intact.
The common European currency appreciated against the US Dollar on Wednesday morning, as it was set to attempt to break the resistance put up by the weekly R2 at 1.1082.
The Kiwi began Tuesday's trading session above the weekly PP at 0.7153 against the Greenback, and by mid-day the currency exchange rate had jumped to the 0.7191 level, gaining 0.53%.
The US Dollar depreciated and fell below the weekly PP at 1.3370 against the Canadian Dollar by mid-day on Tuesday.