The Kiwi surged against the Greenback by mid-day on Tuesday, as the currency exchange rate once more attempted to pass the 0.71 mark.
Once again the Aussie managed to outperform its US counterpart yesterday, adding additional 36 pips.
The US Dollar surged in the first half of Tuesday's trading session. However, at first glance it was not clear, where the rate found support.
Even though the Euro began the week with a decline, the 200-day SMA is providing strong support and is expected to trigger a rebound today.
NZD/USD attacked 0.8789 twice in the last six years and lost, arguably forming a double top at the aforementioned level. The latest tap at the area made the pair break a channel up pattern and led to a dive to enter a wide range motion. A descending channel emerged in 2013, and the pair has just tested its upper boundary,
The yellow metal remained flat at the weekly PP, which is located at 1,191.86, on Tuesday morning.
The US Dollar took a breath on Monday, allowing the Japanese Yen to trim some losses.
In spite of bullish signs the Cable started off with a rather sharp decline of 63 pips, having also put the two-month up-trend to the test yesterday.
On Tuesday morning the common European currency fluctuated around the 1.06 level against the US Dollar.
NZD/CHF has been on a rise for the last year or so, and some technical aspects are now showing that the bullish market might come to an end rather soon. While there is still plenty of room for a reach towards the six-year resistance at 0.8028, the pair has showed signs of shifting potential from bullish to ranging or even
The New Zealand Dollar had slightly surged against the US Dollar by mid-day on Monday, as the currency exchange rate was above the 0.7050 level.
By mid-day on Monday the US Dollar had lost a lot of ground to the Canadian Dollar, as the currency exchange rate fell below the 1.3430 mark.
After falling for almost two weeks the AUD/USD currency pair began to recover, closing at 0.7445 last week.
On Friday the European single currency appreciated against the Japanese Yen for the seventh consecutive time, but was still unable to retain its position above the 120.00 major level.
The yellow metal surged on Monday morning, as it managed to surge past the newly calculated pivot point and gain 1% during the move.
The US Dollar remained relatively unchanged against the Japanese Yen on Friday, although the ascending channel's support line was put to the test that day.
Last week was a good one for the Cable, as it continued its recovery after a sharp slump in the beginning of October.
The common European currency began the week against the US Dollar higher than the previous close by 18 pips, as the currency exchange rate ended Friday's trading at 1.0590 and began Monday's session at 1.0609.
The Kiwi surged higher against the US Dollar on Friday, as some analysts explained it with profit taking.
The US Dollar slightly depreciated in the first half of Friday's trading session against the Canadian Dollar, as the currency exchange rate mostly fluctuated between the weekly PP at 1.3500 and the old large scale pattern's upper trend line, which recently has been providing support to the pair.
The Aussie managed to edge higher against the US Dollar for the third day this week, but the immediate resistance area still proved to be too difficult to pierce.
On Thursday the European single currency once again appreciated against the Japanese Yen, therefore, breaching the three-year down-trend.
The USD/JPY currency pair behaved in accordance with expectations on Thursday, having successfully retaken the 113.00 level and leaving the immediate resistance area intact.
The common European currency appreciated on Friday morning against the Greenback, as the pair jumped above the 1.0550 level and aimed for the next resistance.