The strong support of the 200-hour SMA allowed the the Euro bulls to grow stronger during the second part of Friday.
Bulls continue their dominance over the NZD/USD exchange rate. As shown on the chart, the Australian Dollar is gradually moving upward against the US Dollar.
The US Dollar has been trading in a medium-scale triangle against the Canadian Dollar. The currency pair made a swing during the European trading session on Friday due to the US data released. As a result, the pair lost 87 basis point.
The downside risk dominated the price movement on Thursday and thus sent the Aussie to decline further against the Greenback. As a result, the rate breached both the 55– and 100– hours SMAs.
The bearish momentum has guided the common European currency down against the Japanese yen. By the end of Thursday's trading session, the currency pair has reached a nine-month low at 129.02.
Gold was moving south during the first part of Thursday's trading session. It was fluctuating around the 1,330.00 mark which had previously provided a strong resistance level.
The US Dollar continued to trade lower against the Yen for the second consecutive session.
The Sterling was trading at its seven-week high of 1.4170 on Thursday morning, as the strong resistance of the weekly R3 did not allow it to push above this mark for several hours.
After reaching this week's high of 1.2380 early on Thursday, EUR/JPY started a new decline.
As expected, the New Zealand Dollar made a swing yesterday due to the US data release which was scheduled at 13:30 GMT on Wednesday as a result, the NZD/USD pair made an upside movement and breached the upper boundary of the newly-formed pattern.
The resistance cluster set by the 55– and 100-hour SMAs which limited a move above the 1.3050 area provided a barrier for the Buck to surge yesterday. Thus bears took over the market.
Following a short period of downturn during the past week, the Australian Dollar has managed to regain some of its lost positions against the US Dollar.
Bearish sentiment continued to dominate the EUR/JPY currency pair. After a short period of consolidation during yesterday trading session, the rate took a dive further south.
The yellow metal was guided by strong upside risks on Wednesday.
The US Dollar has still failed to gain strength against the Japanese Yen, thus lingering slightly above the 2017/2018 low of 105.35.
GBP/USD was guided primarily by the 55-hour SMA during the first part of Wednesday which allowed to reach a three-week resistance of 1.4080.
The Euro spent most of Wednesday in a positive note, thus approaching the combined resistance of the 55– and 100-hour SMAs at 1.23.
The New Zealand Dollar continues to decline against the US Dollar, the pair has already lost more than 80 basis points by the end of the European trading session.
The USD/CAD exchange rate finally stopped its ascending movement. By the end of Tuesday's session, bears took control over the currency pair. However, the dominant ascending channel is still holding.
The Australian Dollar continues its smooth journey in a descending channel against the US Dollar. By the end of Tuesday's trading session, the currency pair has reached a three-month low.
The common European currency continued to lose strength against the Japanese Yen, and by the end of Tuesday's session, the currency pair had moved back to the junior pattern.
Gold was generally bearish against the US Dollar on Tuesday even though it managed to regain some of the lost positions by Wednesday morning.
Demand for the US Dollar increased on Tuesday which was boosted by positive growth in the US Treasury bonds.
The Sterling was generally steady against the US Dollar on Tuesday, as traders were awaiting patiently for the Fed monetary policy statement at 1800GMT.