The British Sterling continues to move in a narrow channel against the US Dollar for the third consecutive session.
EUR/USD spent the Monday morning calmly in between the bounds of the 55– and 200-hour SMAs.
The New Zealand Dollar remained stable against the US Dollar during Monday's trading session. A gradual bullish momentum continues to dominate the currency pair.
The 200– hour simple moving average has guided the US Dollar down against the Canadian Dollar. The pair has formed a triangle like a pattern as it can be observed on the chart.
Bearish sentiment dominated the AUD/USD currency pair on Friday. However, a new junior ascending channel has been spotted. The pair tested the lower boundary of the junior pattern during the Asian session on Monday.
The European Single Currency has failed to gain strength against the Japanese Yen, thus lingering slightly above a support cluster set by the combination of the weekly and the monthly PPs near 130.81.
No trading of XAU/USD occurred on Friday, so the pair started the day from its Thursday's closing position.
The Good Friday was spent with mainly low volatility and narrow movement for USD/JPY.
Following two sessions of decline, the bearish sentiment of the GBP/USD exchange rate allayed considerably on Friday.
The Euro remained steady against the Greenback on Good Friday, as it squeezed between the 200-hour SMA and the senior channel.
The New Zealand Dollar has maintained its gradual move south against the US Dollar. However, a newly-formed junior ascending channel has been spotted, as can be observed on the chart.
The US Dollar has declined against the Canadian Dollar following Canadian gross domestic product data released on Thursday.
The Australian Dollar has started making a gradual move upwards against the US Dollar. The currency pair bounced off a four-month low during the end of Thursday's trading session.
The common European currency has remained stable against the Japanese Yen during the middle of trading day on Friday. The rate was supported by the 200-hour simple moving average.
Following a reversal from the two-week high of 107.00 late on Wednesday, the US Dollar began weakening against the Yen once again.
GBP/USD continued to weaken on Thursday but with considerably lower volatility than during the two preceding sessions.
The common European currency remained stable against the Greenback on Thursday.
The NZD/USD exchange rate has been trading in a channel down since mid-February. The pair tested the upper boundary of a dominant channel on February 16 and followed by long period of decline.
The Downside momentum continues to push the Australian Dollar lower against the US Dollar. Due to that reason, the AUD/USD exchange rate reached a four-month low during the Asian session on Thursday.
The EUR/JPY currency pair has continued to be maintaining the junior ascending channel. The pair is slowly moving north toward the upper boundary of the aforementioned pattern.
The yellow metal continues to slide lower against the US Dollar for the third consecutive session.
The US Dollar rallied significantly against the Yen on Wednesday, seemingly being supported by a decrease in risk sentiment.
Downside risks dominated the GBP/USD exchange rate on Wednesday.