The British Sterling was bounded by moving averages during the first part of Monday, thus trading in line with a short-term channel down.
The Euro rallied against the US Dollar on Monday, thus closing the session with a 55-pip gain.
The New Zealand Dollar has bee trading in a channel down against the US Dollar since early February. The Pair Jumped off the upper boundary of a dominant channel on February 5 and has since remained bearish.
Upside momentum prevailed in the market on Friday, thus letting the Greenback to gained further 60 basis point against the Canadian Dollar.
The Australian Dollar continues its bearish path against the US Dollar, the currency pair is slowing moving in a descending junior channel.
Bulls managed to regain control of the EUR/JPY exchange rate. This bullish momentum started in the early hours of Monday's trading session and by the middle of the day, the pair had gained 94 basis points.
Bears continue dominating the market for the third consecutive session.
The US Dollar continues to weaken against the Yen for the fourth consecutive session.
The GBP/USD exchange rate showed high volatility on Friday.
The Euro was appreciating steadily against the Greenback on Friday morning.
The movement of the New Zealand Dollar on Thursday was guided mainly by SMAs. The rate breached both the 200-hour simple moving average and a support cluster set by the weekly and monthly PPs near 0.7277.
The Greenback maintained a stable position against the Canadian Dollar on Thursday. The USD/CAD exchange rate has been moving higher systematically for the third consecutive session.
The Australian Dollar has continued to lose strength against the US Dollar after the pair hit the upper boundary of a descending channel on March 14.
There has been some development in the situation on the EUR/JPY pair. By the end of Thursday's trading session, the exchange rate has extended it lost, which began during the early hours of the Asian session.
Gold was driven by bearish momentum during the previous trading session.
The US Dollar was trading in the same range against the Yen during the most of the session on Thursday.
The Sterling continues to depreciate against the US Dollar for the second consecutive session.
Contrary to expectations, the common European currency was guided by bears on Thursday.
As expected, the New Zealand Dollar has continued to decline against the US Dollar. The currency pair has breached both the 55– and 100-hour SMAs. Nevertheless, the overall dominant ascending channel still holding.
Upside momentum continues to push the Greenback higher against the Loonie. The pair is gradually moving north to test the upper boundary of a dominant channel. However, this surge has encountered a short period of consolidation.
Despite showing signs of a possible recovery yesterday, the Australian Dollar Failed to overcome the bearish momentum, and by the of the US trading session on Wednesday, the currency pair breached the lower boundary of a channel up.
Downside risks prevailed in the market yesterday and thus sent the common European currency to plummet against the Japanese Yen. As a result, the exchange rate breached the lower boundary of an ascending channel.
The yellow metal has made no significant advances during the previous session, as any attempts to move below the 1,322.90 area was restricted by the strong support of the 55-, 100– and 200-hour SMAs.
The USD/JPY exchange rate has been guided by bearish sentiment for the second consecutive session.