The British Pound had slightly recovered itself against the American counterpart during the Friday's session, passing the weekly PP at 1.2839. The GBP/USD pair was still testing the weekly PP on Monday early in the morning.
The US Dollar depreciated against the European Single Currency on Monday morning, as the rate bounced off the senior channel at 1.16. The total downtrend had lost 0.45% since Monday's early morning. During Friday's trading session the currency pair gained 1.00% in total, breaking through the senior channel.
The Japanese Yen has still been depreciating against the US Dollar during the last three days. The main pair passed through the monthly PP( 110.692) and tested the weekly R1 during Thursday's trading session. In general, the US Dollar recovered 0.85% from Wednesday night until Friday morning.
Following no changes to its price level on Wednesday, the Pound began weakening slightly against its American counterpart during the following day.
Given lack of fundamentals, the EUR/USD exchange rate showed no changes to its price level on Thursday.
The New Zealand Dollar spent Wednesday's session trading below the monthly pivot point at 0.6721 against the US Dollar. By the end of the session, the currency pair breached the 55-hour simple moving average and also tested the lower boundary of a junior ascending channel.
Bearish momentum prevailed in the market on Wednesday, thus pushing the US Dollar lower to a two-week low against the Canadian Dollar. The currency pair reached the bottom border of a descending channel during the end of yesterday session.
Downside risks pushed the AUD/USD pair lower on Wednesday even though technical sentiment were flashing a bullish signal; the rate fell below the 55-, 100-, and 200-hour SMAs during the end of the session.
Wednesday's session did not introduce massive changes to the EUR/JPY currency pair price range, as the weekly R2 at 128.19 restricted attempts made by bulls to push the rate higher.
The Japanese Yen has still be depreciating against the US Dollar during the last two days. The main pair passed through the monthly PP( 110.692) at midnight on Thursday. In general, the US Dollar recovered 0.34% from Wednesday night until Thursday morning.
EUR/USD did not gain major positions in any direction on Wednesday, as the mid-session advance north was already erased by the end of the day.
The price of the GBP/USD exchange rate did not change significantly on Wednesday.
A resistance level formed by the monthly pivot point at 0.6720 has stopped the bullish momentum which has guided the NZD/USD currency pair during the previous days. The rate made a U-turn south during the early hours of today's session.
The US Dollar trading below a resistance cluster formed by the combination of the weekly, the monthly and the 200-hour simple moving average against the Canadian Dollar. The currency pair tested the weekly S1 at 1.3018 on Tuesday. However, the price failed to accelerate from that support level.
No significant changes were introduced to the AUD/USD currency pair position yesterday. The exchange rate maintained its junior ascending channel and was also guided by the 55-hour simple moving average.
Bulls continue to dominate the Eurozone single currency versus the Japanese Yen during the previous session. The pair rose above the 55-, 100-, and 200-hour SMAs on Tuesday and has since been trading above this cluster. The common European currency tested the upper boundary of a junior ascending channel towards the end of the trading session on Tuesday
The yellow metal has depreciated 0.35% against the US Dollar starting from 22:00 GMT on Tuesday until 07:00 GMT on Wednesday. The pair tested the bottom boundary of the trend line at 1,192.77 on Wednesday morning.
The Japanese Yen depreciated against the US Dollar during the morning hours. The main pair reached the 100– hour simple moving average at midnight to Wednesday which paused the surge. In general, the US Dollar recovered 47 pips or 0.43%.
The Sterling has strengthened significantly against the US Dollar since mid-Friday.
Despite flashing bearish signals, EUR/USD failed to halt at the weekly R1 on Tuesday.
Upside momentum continues to prevail with the NZD/USD currency pair, thus pushing it higher for the fourth consecutive trading session. This short-term appreciation has sent the Kiwi to a two-week high level at 0.6673.
As expected, the US Dollar made a brief retracement towards the 61.80% Fibonacci retracement level on Monday. However, after hitting the 61.80% Fibo at 1.3089, the currency pair pulled back.