Bears continue their dominance in the market for the NZD/USD currency pair. During the first part of Thursday's session, the exchange rate tested the 200-hour simple moving average at 0.6863.
The surge of the US Dollar against the Canadian Dollar has extended on Thursday, as the currency pair had reached about the 1.3400 mark during the first part of today's trading session.
The Australian Dollar declined on Wednesday against the US Dollar until it reached the bottom border of a dominant ascending channel at 0.7260. Meanwhile, the currency pair passed the support level during the Asian session on Thursday.
The common European currency appreciated about 70 base points against the Japanese Yen on Wednesday. The surged was stopped by a resistance level formed by the 50-hour simple moving average at 128.40.
A resistance level formed by the upper boundary of an ascending channel pattern at 0.6969 managed to prevent the NZD/USD currency pair from gaining strength on Tuesday.
Upside risk dominated the USD/CAD currency pair on Tuesday. As a result, the US Dollar gained about 101 base points against the Canadian Dollar during the end of yesterday's session.
Downside risks dominated the Australian Dollar against the US Dollar on Tuesday. The currency pair breached both the 50– and the 100-hour SMAs at 0.7360 and 0.7338 during the end of Tuesday's session.
Bearish sentiment dominated the common European currency against the Japanese Yen on Tuesday. A breakout through the lower boundary of a triangle pattern occurred during the end of yesterday's trading session.
Upside risks prevailed in the market on Monday, thus sending the New Zealand Dollar to appreciated by about 52 base points against the US Dollar.
Downside risks prevailed in the market on Monday, thus sending the US Dollar to slumped by about 106 base points against the Canadian Dollar.
A one-week ascending channel pattern guided the Australian Dollar versus the US Dollar on Monday.
The common European currency depreciated about 59 base points against the Japanese Yen on Monday. However, the decline was stopped by the monthly PP at 128.58. The currency pair regained its lost points during the end of Monday's session.