The New Zealand Dollar surged by about 100 base points against the US Dollar on Wednesday. The exchange rate was supported by the 50– and 100-hour SMAs during yesterday session.
The USD Dollar plummeted about 115 base points against the Canadian Dollar on Wednesday. The currency pair breached both the 50– and 100-hour SMAs at 1.3280 and 1.3243 during yesterday's session.
The Australian Dollar surged on Wednesday trading session and reached a resistance level formed by the monthly pivot point at 0.7328.
The single European currency appreciated about 100 base points against the Japanese Yen on Wednesday. The currency pair dashed through a resistance cluster formed by the weekly and the monthly PPs at 128.95 during the end of yesterday's session.
The New Zealand Dollar appreciated by about 56 base points against the US Dollar on Tuesday. The exchange rate breached both the 50– and 100-hour SMAs near 0.6800 during Tuesday's session.
The US Dollar appreciated about 90 base points against the Canadian Dollar on Tuesday. However, after hitting a resistance level set by the weekly R1 at 1.3329. the currency pair made a U-turn down.
The Australian Dollar depreciated about 70 base points against the US Dollar on Tuesday. The currency pair tested the monthly pivot point at 0.7200 during yesterday's session.
Positions Today Yesterday % Change Longs 47% 48% -2.13% Shorts 53% 52% 1.89% Indicator 4H 1D 1W MACD
A strong resistance cluster formed by the combination of the 200-hour simple moving average and the weekly PP at 0.6810 pressured the New Zealand Dollar south against the US Dollar.
Upside risks dominated the US Dollar versus the Canadian Dollar on Monday. The currency pair appreciated by about 76 base points during the end of yesterday's trading session.
Downside risks prevailed in the market on Monday, thus allowing the Australian Dollar to depreciated by about 60 base point against the US Dollar during the previous session.
Upside risks dominated the common European currency versus the Japanese Yen on Monday. The currency pair appreciated by about 98 base points during yesterday's session.