The New Zealand Dollar continued to trade in a junior ascending channel pattern against the US Dollar on Monday. However, the situation changes during the first half of today's session, as the currency pair breached the bottom border of the channel pattern at 0.6739.
The US Dollar continued its decline against the Canadian Dollar on Monday. The USD/CAD exchange rate breached the lower boundary of a dominate ascending channel pattern during Monday's trading session.
The Australian Dollar traded sideways movement against the US Dollar on Monday. The currency pair was trading near the upper band of a descending channel pattern during yesterday's session.
Positions Today Yesterday % Change Longs 71% 70% 1.41% Shorts 29% 30% -3.45% Indicator 4H 1D 1W MACD
The New Zealand Dollar appreciated about 76 base points against the US Dollar on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during Friday's trading session.
The US Dollar depreciated about 123 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior descending channel pattern during Monday's trading session.
The Australian Dollar appreciated about 131 base points against the US Dollar on Friday. The currency pair breached the three simple moving averages during Friday's trading session.
The common European currency traded with low volatility against the Japanese Yen on Friday. The currency pair was stranded between the 50-hour and 100-hour simple moving average during the previous session.
Bullish sentiment dominated the NZD/USD currency pair on Thursday. The pair bounced off the lower boundary of a descending channel pattern at 0.6600 and had since gained about 110 base points.
Downside risks have been dominating the USD/CAD exchange rate since Thursday's trading session. As a result, the US Dollar has depreciated about 210 base points against the Canadian Dollar.
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. The exchange rate breached the upper boundary of a descending channel pattern at 0.7017.
Bullish sentiment dominated the single European currency against the Japanese Yen on Thursday. The currency pair gained about 241 base points during yesterday's trading session.
The New Zealand Dollar depreciated about 129 base points against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel during yesterday's trading session.
The US Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the beginning of December. The pair revealed a new uptrend line during the previous session and tested the bottom border by the end of Wednesday's trading session.
The Australian Dollar depreciated about 289 base points against the US Dollar on Wednesday. The currency pair tested a psychological support level at the 0.6800 during the previous trading session.
The common European currency depreciated about 628 base points against the Japanese Yen on Wednesday. This sharp decline was caused by the general strength of the Yen against a basket of major currencies.