The New Zealand Dollar has depreciated about 80 base points against the US Dollar since Thursday session. The currency pair tested the lower boundary of a descending channel at 0.6476 during the Asian session on Friday.
Upside momentum dominated the US Dollar against the Canadian Dollar on Thursday/ the currency pair breached the upper boundary of a medium-term descending channel pattern at 1.3120 during the morning hours of Friday's trading session.
The Australian Dollar has continued to trade in a descending channel against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.7020 during the Asian session on Friday.
Downside risks dominated the EUR/JPY currency pair on Thursday. The common European currency ended Thursday's session with about 58 points declined against the Japanese Yen.
The New Zealand Dollar has been trading in a one-week descending channel against the US Dollar. The currency pair tested the lower boundary of the channel during the end of yesterday's session.
The US Dollar declined massively against the Canadian Dollar on Wednesday. The currency pair lost about 0.99% of its values during the end of Wednesday's trading session.
he Australian Dollar declined about 0.70% against the US Dollar on Wednesday. The currency pair was pressured south by the 100-hour simple moving average during yesterday's session.
The single European currency depreciated about 150 base points against the Japanese Yen on Wednesday. The decline was temporary stopped by a support level formed by the lower boundary of a descending channel at 127.50.
The New Zealand Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair was moving along the 100-hour simple moving average and the 200-hour SMA during the previous session.
The US Dollar has continued to trade sideways against the Canadian Dollar. The currency pair maintained Monday's trading range of 1.3128 and 1.3084 during yesterday's session.
The Australian Dollar traded between the range of 0.7087 and 0.7053 during Tuesday's session. The exchange rate was stranded between SMAs during the morning hours of Wednesday trading session.
The common European currency has depreciated about 120 base points against the Japanese Yen since Tuesday's trading session.