The pair's movement during the first half of Wednesday was guided by the 55-hour SMA, as the rate was fluctuating around this line for several hours.
The strong resistance of the 100-, 55– and 200-hour SMAs and the weekly and monthly PPs in the 0.7595/0.7610 area sent the Australian Dollar for a decline on Wednesday.
The rebound from the 132.30 area on Wednesday provided the necessary bottom confirmation of a one-week channel.
In essence, the buck is actively appreciating against the gold the third day in a row. A short-term bullish movement towards the 38.2% Fibonacci retracement level at 1,268.00 was the only exception and was attributed to beginning of drills on the Korean peninsula.
As it was forecasted yesterday, after making a rebound from combined support set up by the weekly PP, the 200-hour SMA and the lower trend-line of a new junior descending channel the pair started moving in the opposite direction and even managed to bypass two other moving averages.
In line with expectations, the overall optimism related to progress made on tax reform and decreased probability of a government shutdown continued to push the cable downwards.
As it was projected yesterday, an attempt of the currency exchange rate to reach the 1.1866 level was neutralized by the slipping 55-hour SMA. Accordingly, the Dollar continued to appreciate against the Euro.
For most of its session on Tuesday, the New Zealand Dollar was moving along the upper boundary of a breached descending channel.
USD/CAD remained stable during the previous session, as the pair was fluctuating between the 1.2700 and 1.2650 marks.
As already expected, the Australian Dollar was dominated by bears during the previous 24 hours.
After testing the 55-hour SMA mid-Monday, the common European currency was dominated entirely by bears.
During previous trading session the buck appreciated against the gold by 0.88%. The downfall was mainly driven by optimistic expectations of the upcoming talks between the House and Senate.
During previous trading session the pair was trying to pave the path through the monthly PP at 112.70, just as expected.
Despite release of worse than expected Services PMI data, the cable could not pass below the monthly PP located at 1.3372 and was forced to halt the fall.
In line with expectations, a combination of the 55-, 100- and 200-hour SMAs pushed the rate downwards, leading to dissolution of the one-month long ascending channel.
NZD/USD was trading between the 100-hour SMA and the bottom boundary of a short-term ascending channel on Monday.
Even though the US Dollar tried to recover some of its lost positions against the Loonie during the second part of Monday, bears continued to push the pair lower.
The Australian Dollar breached a three-month descending channel on Monday.
EUR/JPY was trading sideways just below the 134.00 mark during the first half of Monday.
As it was anticipated, yesterday's trading session the exchange rate spent in a flat movement between support and resistance zones located at the 1,270 and 1,275 marks.
As it was suggested yesterday, the currency exchange rate made a fully-fledged breakout from a rising wedge formation after encountering strong resistance posed by the 50% Fibonacci retracement level at 113.00.
In general, previous trading session the currency rate spent moving downwards, as expected. Apart from rebound from the two month maximum at 1.3550, the drop was driven by anxiety over affirming vote on tax bill as well as new report that no agreement on Brexit has been reached yet.
Despite positive sentiment related to successful vote on tax bill by the US Senate, the pair both started and ended the day near the 1.1870 mark.
After testing the 0.6820 mark early on Friday, the prevailing upside risks pushed the New Zealand Dollar for a 78-pip appreciation against the US Dollar.