The single European currency appreciated by 71 base points against the Japanese Yen on Monday. A breakout through the upper boundary of a dominant descending channel occurred has predicted by the analyst.
The New Zealand Dollar depreciated about 55 base points against the US Dollar on Friday. The currency pair tested the 50-hour simple moving average at 0.6646 during the first part of today's session.
Upside risks prevailed in the market on Friday, thus allowing the USD/CAD currency pair to gained about 71 base points. The pair breached the 200-hour simple moving average at 1.3096 during the end of Friday's session.
The Australian Dollar has been trading in an uptrend line against the US Dollar. This surged began after the currency pair bounced off its bottom border of the trendline 0.7024 on October 26.
The common European currency has been appreciating against the Japanese Yen after the currency pair reversed from the lower boundary of a dominant descending channel at 126.69.
The New Zealand Dollar appreciated about 130 base points against the US Dollar on Thursday. The currency dashed through the weekly R1 at 0.6623 during the end of the previous session.
The Greenback has continued its decline against the Canadian Dollar. The currency pair tested the lower boundary of an ascending trendline at 1.3054 during the Asian session on Friday.
Upside risks prevailed in the market on Thursday, thus sending the Australian Dollar to surged more than 100 base points against the US Dollar. The currency pair broke a dominant descending channel during the first half of Friday's session.
Upside risks dominated the common European currency against the Japanese Yen on Thursday. The EUR/JPY exchange rate ended yesterday's session with 0.92% gains.
The New Zealand Dollar depreciated about 57 base points against the US Dollar on Wednesday. The currency pair breached a support cluster formed by the weekly and the monthly PPs near the 0.6524 area during the end of yesterday's trading session.
The US Dollar appreciated about 60 base points against the Canadian Dollar on Wednesday. The 50-hour simple moving average provided support for the pair at 1.3111 during yesterday's session.
The Australian Dollar traded with low volatility against the US Dollar on Wednesday. However, the situation changed this morning, as bullish momentum dominated the European session on Thursday. The currency pair appreciated about 90 base points during the morning session.