The US Dollar depreciated about 65 base points against the Canadian Dollar on Wednesday. The surged was stopped by a support level formed by the 200-hour simple moving average at 1.3325.
The Australian Dollar continued its sideways movement against the US Dollar on Wednesday. However, a breakout through the upper boundary of a descending channel pattern occurred during the end of the previous session.
The single European currency appreciated about 55 base points against the Japanese Yen on Wednesday. The currency pair breached the upper boundary of a dominant descending channel at 128.80 during the end of yesterday's trading session.
The New Zealand Dollar began today's session with a strong bearish momentum against the US Dollar. The currency pair was pressured south by the 200-hour simple moving average and the weekly pivot point at 0.6894.
The US Dollar consolidated below the monthly pivot point at 1.3419 against the Canadian Dollar on Wednesday.
The Australian Dollar has been trading within 65 pips range against the US Dollar since the beginning of this week.
The common European currency depreciated about 80 base points against the Japanese Yen on Tuesday. The currency pair broke the previously drawn ascending channel pattern during yesterday's trading session.
The New Zealand Dollar appreciated about 61 base points against the US Dollar on Monday. The appreciation was stopped by a strong resistance level formed by the 100-hour simple moving average and the weekly pivot points at 0.6892.
The US Dollar regained its lost positions against the Canadian Dollar on Monday. The currency pair appreciated about 121 base points during the close of Monday's trading session.
The 50-hour simple moving average has continued to guide the Australian Dollar lower against the US Dollar. The currency pair depreciated about 48 base points during the end of Monday's session.
The single European currency has continued to trade in the newly formed ascending channel against the Japanese Yen. The currency pair tested the lower boundary of the channel pattern at the end of yesterday's trading session.
The New Zealand Dollar depreciated about 51 base points against the US Dollar on Friday. The currency pair revealed a new junior descending channel during the end of the previous trading session.