The common European currency depreciated more than 90 pips against the Japanese Yen on Wednesday. The currency pair was pressured south by the 200-hour simple moving average, which provided a resistance for the rate at 128.43.
The New Zealand Dollar appreciated about 81 base points against the US Dollar on Tuesday. The currency pair breached the 200-hour simple moving average at 0.6549 during the end of yesterday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair was moving between a range of 1.3149 and 1.3102 through out yesterday's trading session.
The Australian Dollar appreciated about 64 base points against the US Dollar on Tuesday. The currency pair tested the upper boundary of a medium-term descending channel at 0.7100 during the end of yesterday's session.
A one-week ascending channel has guided the movement of the common European currency against the Japanese Yen. The currency pair reversed from the lower boundary of a dominant descending channel on October 26 and followed by an upside wave.
The New Zealand Dollar traded between the 200-hour SMA and the 100-hour simple moving average against the US Dollar on Monday. The currency pair has revealed a new narrow ascending channel pattern today.
The US Dollar appreciated about 65 base points against the Canadian Dollar on Monday. The currency pair breached the monthly pivot point at 1.3128 during the end of yesterday's session.
The Australian Dollar depreciated about 56 pips against the US Dollar on Monday. The exchange rate breached both the 50– and 100-hour SMAs at 0.7076 during the end of the previous session.
The common European currency appreciated about 98 base points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100-hour SMAs at 127.86 during the end of yesterday's session.
Upside risks dominated the NZD/USD exchange rate on Friday. The New Zealand Dollar appreciated by 65 base points against the US Dollar during the end of Friday's session.
The US Dollar depreciated about 90 pips against the Canadian Dollar on Friday. This decline was temporary stopped by the 50-hour simple moving average at 1.3069 during the end of Friday's session.
Upside risk prevailed in the market on Friday, thus sending the Australian Dollar to surged about 82 base points against the US Dollar.