Upside risks prevailed in the market on Monday, thus allowing the New Zealand Dollar to surged by 98 base points against the US Dollar. As a result, the exchange rate broke a one-week ascending channel.
The US Dollar depreciated about 95 base points against the Canadian Dollar on Monday. The currency pair breached both the 50– and 100-hour SMAs at 1.3015 and 1.3006 during the end of yesterday's session.
The Australian Dollar appreciated about 47 base points against the US Dollar on Monday. The exchange rate tested the upper boundary of a one-week ascending channel at 0.7149 during the end of the previous session.
The single European currency appreciated about 67 base points against the Japanese Yen on Monday. The surge was briefly stopped by the 50– and 100-hour SMAs at 129.80.
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Friday. The exchange rate breached the monthly pivot point at 0.6517 during the end of Friday's session.
The US Dollar traded sideways against the Canadian Dollar on Friday. The currency pair was pressured from above by the 50-hour simple moving average, while a support cluster formed by the monthly and the weekly PPs at 1.3008 pressured the price from below.
A one-week ascending channel has guided the Australian Dollar higher against the US Dollar on Friday.
The common European currency depreciated about 114 base points against the Japanese Yen on Friday. The currency pair breached both the 50– and the 100-hour SMAs at 129.79 during the end of Friday's session.
The New Zealand Dollar appreciated about 66 base points against the US Dollar on Thursday. The currency pair tested the upper boundary of an ascending channel at 0.6533 during the end of the previous session.
The US Dollar traded with low volatility against the Canadian Dollar on Thursday. The currency pair was moving between the range of 1.3066 and 1.3006 during yesterday's trading session.
The Australian Dollar appreciated about 70 base points against the US Dollar on Thursday. The currency pair breached the 200-hour simple moving average at 0.7104 during the end of yesterday's session.
The single European currency appreciated about 90 base points against the Japanese Yen on Thursday. The currency pair closed below the weekly S1 at 130.28 during yesterday session.