A strong resistance level formed by the 50-hour simple moving average has hindered the New Zealand Dollar from gaining strength against the US Dollar. The currency pair tested the resistance line during the previous session and pullback south.
A one-week ascending channel has guided the movement of the US Dollar against the Canadian Dollar. The currency pair bounced off its lower boundary on October 1 and followed by a short-term upside wave.
A three-week descending channel has guided the movement of the Australian Dollar against the US Dollar. The currency pair reversed from the upper boundary of the channel pattern on September 22 and followed by a downside wav
The Eurozone single currency depreciated about 140 base points against the Japanese Yen on Monday. However, the decline was temporary stopped by the weekly S2 at 129.51.
Positions Today Yesterday % Change Longs 63% 67% -6.35% Shorts 37% 33% 10.81% Indicator 4H 1D 1W MACD (12;
Upside risks prevailed in the market on Friday, thus allowing the US Dollar to surged about 75 base points against the Canadian Dollar.
The Australian Dollar has been guided lower by the 50-hour simple moving average against the US Dollar.
The single European currency has depreciated about 120 base points against the Japanese Yen since Friday's trading session. The currency pair broke a one-month ascending channel during the first part of today's session.
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. Currency pair breached the monthly support level at 0.6485 during the end of the previous session.
Upside risks prevailed in the market on Thursday, thus allowing the US Dollar to surged by 80 base points against the Canadian Dollar. The currency pair breached the 200-hour simple moving average at 1.2914 during the end of yesterday's trading session.
The Australian Dollar has continued to trade in a descending channel against the US Dollar. The currency pair tested the lower boundary of the channel at 0.7070 during the end of the previous session.
Downside risked dominated the EUR/JPY currency pair on Thursday. The common European currency ended yesterday's session with about 83 base points declined against the Japanese Yen.