The US Dollar has continued to trade in a narrow descending channel against the Canadian Dollar. The decline was temporary stopped by the weekly support level at 1.3181 on Wednesday.
The 50-hour simple moving average has been guiding the Australian Dollar higher against the US Dollar. The SMA provide support for the currency pair at 0.7156 during Wednesday's trading session.
The single European currency traded sideways against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of a medium-term descending channel at 125.00 during yesterday's trading session.
The New Zealand Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair breached the 50-hour simple moving average at 0.6745 during the end of Tuesday's trading session.
The US Dollar edged lower about 78 base points against the Canadian Dollar on Tuesday. The currency pair dashed through a support cluster at 1.3279 during the previous trading session.
Positions Today Yesterday % Change Longs 64% 58% 9.38% Shorts 36% 42% -16.67% Indicator 4H 1D 1W MACD
The common European currency traded with low volatility against the Japanese Yen on Tuesday. The currency pair was bouncing between the 50– and 200-hour SMAs during yesterday's trading session.
The New Zealand Dollar continued to trade in a junior ascending channel pattern against the US Dollar on Monday. However, the situation changes during the first half of today's session, as the currency pair breached the bottom border of the channel pattern at 0.6739.
The US Dollar continued its decline against the Canadian Dollar on Monday. The USD/CAD exchange rate breached the lower boundary of a dominate ascending channel pattern during Monday's trading session.
The Australian Dollar traded sideways movement against the US Dollar on Monday. The currency pair was trading near the upper band of a descending channel pattern during yesterday's session.
Positions Today Yesterday % Change Longs 71% 70% 1.41% Shorts 29% 30% -3.45% Indicator 4H 1D 1W MACD
The New Zealand Dollar appreciated about 76 base points against the US Dollar on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during Friday's trading session.
The US Dollar depreciated about 123 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior descending channel pattern during Monday's trading session.
The Australian Dollar appreciated about 131 base points against the US Dollar on Friday. The currency pair breached the three simple moving averages during Friday's trading session.
The common European currency traded with low volatility against the Japanese Yen on Friday. The currency pair was stranded between the 50-hour and 100-hour simple moving average during the previous session.