The US Dollar continues to move sideways against the Japanese Yen for the fourth consecutive session.
Monday's trading session was calm for the GBP/USD currency pair, as it remained trading sideways for the second consecutive session.
EUR/USD was driven by downside risks on Monday, as a move above the 1.2140 mark was restricted by the 55-hour SMA and the 50.00% Fibonacci retracement.
The New Zealand Dollar continues to trade in a two-week descending channel against the US Dollar. The currency pair has breached both the 55– and the 100– hour SMAs.
Bears managed to regain control of the market on Friday. By the end of trading day, the USD/CAD currency pair has lost 50 basis point. However, the decline was stopped by the weekly pivot point at 1.2827.
The downside risk continues to prevail in the market as of Friday's. Bears continue to dominate the AUD/USD currency pair. The price movement still trading in a junior descending channel.
The single European currency continued to lose ground against the Japanese Yen. By the end of Friday's trading session, the exchange rate has reached a low at 131.87.
The yellow metal was guided by upside momentum on Friday.
Despite some minor fluctuations, the US Dollar remained stable against the Yen on Friday.
GBP/USD experienced another day of weakening on Friday.
Following a few days of decline, the Euro finally recovered some losses against its American counterpart on Friday.
The NZD/USD pair has been constrained by a descending channel. On Thursday, the currency pair was guided by bears who strengthen their position during the end of US session.
The Greenback surged against other major currencies on Friday. The reason was the that history was made when the North Korea leader Kim Jong Un became the first leader to cross into the South Korean territory to meet with the South Korea president Moon Jae-in for the Korean summit.
The Australian Dollar has been weakening against the US Dollar since Mid-April. The movement for the pair has been constrained by a descending pattern. As shown on the chart, the currency pair has breached the upper boundary of the channel down.
The common European currency was driven by a strong downside momentum against its Japanese counterpart on Thursday after ECB president Mario Draghi speech. As a result, the pair fell 0.96% by the end of trading day.
Following a rather calm Thursday morning, Gold was pressured lower by the strong resistance of the 55-hour SMA.
Following a breakout from the steep ascending channel, the bearish sentiment failed to take the upper hand and push USD/JPY down to the 100-hour SMA and the breached wedge line near 108.75.
GBP/USD demonstrated high volatility in both directions on Thursday.
The common European currency continues to weaken considerably against its American counterpart for the sixth consecutive session.
The New Zealand Dollar was pressured by bearish sentiment on Wednesday. As a result, the rate breached both the weekly S2 at 0.7090 and the lower boundary of a medium-scale triangle.
The USD/CAD currency exchange rate was guided by bulls on Wednesday who strengthened their positions during the second part of the trading session.
The AUD/USD currency pair has been pressured by bears since April 19 which resulted in the rate falling to a four-month low at 0.7556. The decline was temporary stopped by the weekly S2 at 0.7556.
The single European currency has been trading sideways against the Japanese Yen since April 24. The currency pair has been unable to make a new wave to either direction since the pair hit the weekly R3 at 133.53.
The first part of Wednesday's trading session was spent under the bearish pressure, as the yellow metal lost 0.88% against the US Dollar.