Upside risks prevailed in the market on Tuesday, thus sending the New Zealand Dollar to appreciated about 77 base points against the US Dollar.
Upside risks dominated the USD/CAD currency pair on Tuesday. The US Dollar appreciated about 105 base points against the Canadian Dollar by the end of yesterday's trading session.
The price movement of the AUD/USD currency pair was guided by a junior ascending channel pattern. The exchange rate bounced off its lower boundary of the channel pattern during the end of the previous session.
The price movement of the single European currency versus the Japanese Yen was guided by a junior descending channel pattern on Tuesday. The exchange rate bounced off its lower boundary at 127.72 during yesterday's session.
The New Zealand Dollar traded below the 50-hour simple moving average at 0.6820 against the US Dollar on Monday.
The US Dollar has continued to gain strength against the Canadian Dollar in an ascending trendline. The currency pair appreciated about 48 base points during Monday's trading session.
The Australian Dollar traded sideways movement against the US Dollar on Monday. The 50-hour simple moving average was providing resistance for the currency pair at 0.7185 during yesterday's session.
The Decline of the common European currency against the Japanese Yen continued during Monday's trading session. The currency pair fell about 76 base points during the end of yesterday's session.
The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average.
The US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern at 1.3340 during Friday's trading session.
The Australian Dollar depreciated about 76 base points against the US Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern at 0.7160.
The common European currency depreciated about 113 base points against the Japanese Yen on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during the previous session.