AUD/USD has demonstrated high volatility during the past two sessions.
The common European currency was stranded between the 100-hour SMA and the weekly S1 on Thursday.
The yellow metal is continuing to trade against the buck at the intersection of large ascending channel and junior rising wedge formations.
In line with expectations, the Yen continued to gain value against the Dollar under pressure from the slipping 55-, 100- and 200-hour SMAs.
As it was expected, a combined resistance barrier formed by the weekly PP and the 38.2% Fibonacci retracement level managed to constrain the cable near the 1.3150 level.
The Dollar was quoted weaker against the Euro on Thursday amid concerns that the Senate would postpone corporate tax cuts until 2019.
The Kiwi was trading in a calm manner against the US Dollar prior to the RBNZ's Rate Statement late on Wednesday.
After meeting the strong resistance of the 55-hour SMA mid-Wednesday, the US Dollar remained stable against the Loonie for most of the session.
Despite breaching a massive resistance cluster formed by the 200-, 100– and 55-hour SMAs and the weekly PP on Wednesday, AUD/USD failed to accelerate and thus entered a short-term consolidation period.
The Euro has been fluctuating around the 132.00 mark for the third consecutive session.
Pressure of the 55-, 100- and 200-hour SMAs prevailed over the combined resistance formed by the 61.8% retracement level and the monthly PP.
A release of the Bank of Japan Summary of Opinions as well as ongoing concerns over delay of the Trump's tax reform implementation continued to push the exchange rate in southern direction.
During the previous trading session the cable was in perfect situation to make a rebound from combined support level formed by the 55-hour SMA, the weekly PP as well as the 38.2% Fibonacci retracement level and make a breakout from the ascending triangle pattern.
Despite that American and Chinese companies signed deals worth $253.4B over the last two days, the currency exchange rate stayed neutral.
The New Zealand Dollar continues to trade in an ascending channel formed on October 25.
USD/CAD was squeezed between the weekly and monthly PP for the majority of session.
AUD/USD re-confirmed the bottom boundary of a two-week ascending channel on Tuesday.
After testing the weekly PP at 132.41 early on Tuesday, the common European currency edged slightly lower, but nevertheless remained stable against the Yen.
As it was expected, different news coming from the United States and Asia created a downside momentum that allowed traders with bearish outlook to push the currency pair down to the 113.65 level.
As there were no breaking news yesterday, recovery of the buck was expectedly neutralized by combined support level set up by the 55-, 100- and 200-hour SMAs together with the weekly PP at 1,273.35.
During the previous trading session the currency rate expectedly returned back to the 1.3110 mark, which represents location of the 23.6% Fibonacci retracement level.
In line with expectations, the currency exchange rate continued to move in southern direction under pressure from the 55-hour SMA.
Near midnight from Monday to Tuesday the New Zealand Dollar met with the resistance of the long term channel up pattern against the US Dollar. The event resulted in a Kiwi decline against the Greenback.
The US Dollar on Tuesday morning was heading lower against the Canadian Dollar until it hit what seemed to be the support line of the most junior and almost horizontal pattern.