In result of the previous trading session, the Pound managed to break through a combined resistance level formed by the 55-hour SMA and the upper edge of a descending channel that was additionally backed up by the 38.2% Fibonacci retracement level.
Although many technical indicators pointed out on recovery of the Dollar, the pair eventually made a breakthrough in the opposite direction.
The New Zealand has weakened substantially against the US Dollar during the past two-and-a-half trading sessions.
Even though the rate had reached its five-week high at 1.2594 quite easily by early Friday, bulls managed to prevail in the following hours and thus push the rate down to the 55-hour SMA—a level which has limited the pair ever since.
The Australian Dollar demonstrated high volatility on Friday, as the rate was fluctuating in the 0.7800/0.7740 area during the whole trading session.
The Euro started its session calmly on Friday; however, two massive leaps to opposing directions mid-session disrupted the rate's hindrance slightly below the monthly PP, pushed it up to 132.70 and subsequently back in the 132.50 area.
Due to another round of heated rhetoric between Donald Trump and Kim Jong Un, the yellow meatal appreciated against the buck by 0.93% just in one hour and then continued the surge.
In line with expectations, the currency rate continued to climb to the top, trying to reach the upper line of an ascending triangle pattern, another escalation of the North Korean crisis led to fall of the rate by 68 basis points just in two hours.
Despite the release of better that expected American income data, the Greenback failed to exploit this fundamental background and eventually depreciated against the Pound.
In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern.
As the US fundamental data sets were released on Friday, the NZD/USD pair began to plummet.
The US Dollar bounced around against the Canadian Dollar at the middle of Friday's trading session. The reason for such fluctuations was the fact that the US and Canadian unemployment data sets were released simultaneously.
After passing the rather strong support against the US Dollar, the Australian Dollar has continued to decline in the last 24 hours.
The decline of the common European currency on Thursday against the Japanese Yen continued exactly as expected.
In accordance with expectations, the yellow metal managed to restore some lost positions against the buck yesterday.
In first half of the day the pair continued to move, as expected. However, a speech delivered by Governor Powell created a favourable impulse for the buck and elevated it against the Yen by 0.36% just in couple of hours.
In line with expectations, traders used the 55-hour SMA as a benchmark to push the rate in the southern direction.
In result of the previous trading session, the currency exchange rate made a rebound from a combined resistance set up by the 200-hour SMA and the upper edge of a junior descending channel.
After failing to breach the 100-hour SMA near 0.72 on Wednesday, the bearish sentiment prevailed and sent the pair down to the weekly S1 once again.
The Greenback remained stable against the Canadian Dollar, as the momentum sideways which began early on Wednesday continued to prevail in this session, as well.
Thursday's trading session did not introduce any changes to the overall price level, as AUD/USD remained slightly below the 200-hour SMA for the whole session.
Contrary to expectations, the common European currency was able to gain strength and surpass the 55– and 100-hour SMAs on Thursday.
A release of better than expected data on the US non-manufacturing activity initially caused a great anxiety in the markets.
In line with expectations, the currency rate reached and made a successful rebound from the bottom trend-line of a senior ascending channel.