Due to anticipation of the ECB meeting as well as referendum on extension of autonomy in Lombardy and Veneto regions the common European currency slipped against the Dollar to the 1.7520 mark.
Even though the New Zealand Dollar plunged 150 pips in the first half of Thursday, downside risks continued to pressure the rate even lower down to the monthly S2 at 0.6978.
After breaching the upper boundary of a short-term falling wedge, the US Dollar gained momentum against the Loonie and managed to test 1.2520.
The Aussie was driven by slight upside risks on Thursday which resulted in a test of the 38.2% Fibonacci retracement at 0.7883.
Contrary to expectations, the strong downside pressure that dominated the Euro early on Thursday allayed and therefore paved the way for resumed appreciation.
In result of a breakout from the rising wedge pattern, which matched with escalation of tensions between Spanish and Catalan governments, the exchange rate surged to the 1,290.50 level.
After an active appreciation of buck, bears tried to restore lost positions and return the pair back to the weekly PP at 112.13.
Due to signs of negative temps of growth of the British retail sales, the Pound continued to actively lose value against the Dollar.
Although Spanish authorities decided to suspend Catalonia's autonomy, the common European currency did not show negative reaction to this news.
The New Zealand Dollar fell to its five-month low of 0.7020 against the Greenback on Thursday.
Following a rebound from the bottom line of a short-term channel, the US Dollar resumed its movement south.
Contrary to expectations, the Aussie managed to gather strength against the US Dollar and push through the 55– and 100-hour SMAs on Wednesday.
The Euro was driven by strong upside momentum on Wednesday in the result of which the rate shot up to the 133.60 mark—a level past the weekly R1, the 23.8% Fibo and the upper wedge boundary.
Despite release of negative data about the American housing market growth, the exchange rate continued to move to the bottom, in the process crossing a combination of the weekly S1 and the lower support line of senior ascending channel.
In result of the previous trading session, the Dollar appreciated against the Yen by 0.82%. In result of such advance the pair has practically returned to the 113.20 level, which represented significant resistance barrier three weeks ago.
Due to release of mixed British employment data, the pair did not get a necessary impulse to make significant moves yesterday.
Initially the currency rate was expected to break through the weekly S1 and try to reach the 100% Fibonacci retracement level.
NZD/USD remained in the 0.7160/0.7195 area for three sessions prior to plunging down to the 200-hour SMA during the first half of Wednesday's trading session.
The previously-drawn channel failed to bound the rate, thus demanding a slight adjustment.
The Australian Dollar continues to depreciate against the Greenback for the third consecutive session.
The Euro was trading relatively stable against the Japanese Yen, as it remained pressured by the 55-hour SMA until early on Wednesday.
Due to release of better than expected data on import prices and industrial production the buck appreciated quite sharply against the gold and has practically reached the bottom boundary of a medium ascending channel.
During previous trading session, the Greenback continued to strengthen against the Yen, fluctuating in two minor ascending channels.
Although inflation report matched with forecasts and Governor Carney once again admitted possibility of interest rate hike, the Pound lost almost 100 points against the Dollar just in couple of hours.