The New Zealand Dollar has been appreciating against the Swiss Franc since the middle of November. This movement has been bounded within the medium-term ascending channel.
The New Zealand Dollar has been appreciating against the Canadian Dollar within the rising wedge pattern. Currently, the NZD/CAD exchange rate is trading near the 0.8700 level.
The British Pound has appreciated by 1.87% in value against the Japanese Yen since the beginning of December. The currency pair was guided up by the 50– period simple moving average.
The Australian Dollar bounced off the weekly S1 at 73.86 against the Japanese Yen during the beginning of this week's trading sessions. The currency pair has appreciated by 93 basis points during this period.
The Euro has been depreciating against the Polish Zloty since the end of November after the EUR/PLN exchange rate failed to surpass the psychological level at 4.3250.
The Euro continued to appreciate against the Hungarian Forint within the rising wedge pattern (4H time-frame chart). Currently, the EUR/HUF currency pair is testing the lower pattern line.
During last week trading sessions, the Brent crude oil prices appreciated by 7.05% in value. The exchange rate breached a resistance level formed by the weekly R1 at 63.79.
The Light crude oil has risen by 7.52% in value against the US Dollar since last week's trading sessions. The light crude oil price hit a three-month high at 59.50 during yesterday's trading session.
The USD/ZAR exchange rate reversed north from the lower boundary of the descending triangle pattern at 14.52 at the beginning of December.
The USD/PLN currency pair has been trading within the head and shoulders pattern since the beginning of November (4H time-frame chart). As apparent on the chart, the second shoulder is being formed.
The Pound Sterling has appreciated by 2.44% in value against the Canadian Dollar since November 27. The currency pair hit a seven-month high at 1.7485 during yesterday's trading session.
During last week's trading sessions, the British Pound appreciated about 2.07% in value against the Australian Dollar. The 100– hour simple moving average pressured the currency pair higher.
The US Dollar has been appreciating against the Turkish Lira since the end of November after the USD/TRY currency pair reversed north from the lower boundary of the rising wedge pattern at 5.6890.
The XAG/USD exchange rate has been trading sideways between the Fibonacci 38.20% and the 50.00% retracements, located at 16.56 and 17.36 respectively.
The single European currency has been trading between the range of 1.4764/1.4592 zones against the Canadian Dollar since November 21. The currency pair depreciated about 1.14% in value during last week's trading sessions.
The common European currency has depreciated about 0.86% in value against the Australian Dollar since November 21. The currency pair breached a significant support level at 1.6199 during last week's trading sessions.
The Euro has been appreciating gradually against the Danish Krone since the beginning of November. As apparent on the chart, the EUR/DKK currency pair is testing the monthly PP at 7.4722.
At the end of November, the USD/DKK currency pair reversed south from the upper boundary of the long-term descending channel at 6.7950.
The Swiss Franc has been trading in a narrow ascending channel pattern against the Japanese Yen since the end of November. The currency pair has surged by 1.21% in value during this period.
The Canadian Dollar has been depreciating in a descending channel pattern against the Swiss Franc since October 28. The currency pair surged by 109 basis points during last week's trading sessions.
The AUD/SGD exchange rate continued to trade downwards within the falling wedge pattern (4H time-frame chart). As apparent on the chart, the rate has already reversed south from the upper pattern line.
The Singapore Dollar continued to appreciate against the Japanese Yen within the rising wedge pattern. As apparent on the chart, the SGD/JPY currency pair has already reversed north from the lower pattern line.
Since this week's trading sessions, the common European currency has depreciated about 0.93% in value against the Swiss Franc. The currency pair tested the 61.80% Fibonacci retracement level at 1.0928 on December 4.
During the first part of this week's trading sessions, the Australian Dollar appreciated about 1.57% in value against the Canadian Dollar. However, the currency pair reversed south from the 0.9120 area on December 3.