Bulls have still refused to abandon their positions for the third consecutive session, thus managing to push the Sterling even higher against the US Dollar.
Upside risks continue to dominate the EUR/USD exchange rate.
Bulls continue their dominance over the NZD/USD exchange rate. As display on the chart, the currency pair has breached the Weekly R1 at 0.7331 and has also tested the upper boundary of a dominant ascending channel.
The failure of the US Dollar to gain strength on Monday had an impact on the USD/CAD exchange rate. The morning session did not introduce significant changes to the overall price level.
Bulls managed to regain control of market yesterday. By the end of Monday's trading session, the AUD/USD currency pair accumulated approximately 59 basis point.
The Single European currency has been gradually appreciating against the Japanese Yen for last one week. This movement has been directed by the 55– hour simple moving average.
Gold demonstrated high fluctuation against the Greenback on Monday.
USD/JPY remained in between the 55– and 200-hour SMAs on Monday.
Despite flashing bearish signals early on Monday, the Sterling managed to maintain its high positioning against the US Dollar and even push higher during the previous session.
The common European currency has been steadily appreciating against the US Dollar for the third consecutive session.
The bullish momentum has guided the New Zealand Dollar up against the US Dollar. By the middle of Monday's trading session, the currency pair has reached the 0.7305 mark.
The Greenback has been trading in a short-term descending channel against the Canadian Dollar. This short-term pattern was formed on April 2 and has since been moving along the channel.
Bears continue their dominance over the AUD/NZD currency pair. As shown on the chart, the Aussie has reached the lower boundary of an ascending channel and could be set for a breakout within this session.
The common European currency continues to trade in a one-week junior ascending pattern against the Japanese Yen.
Gold was trading along a breached trend-line against the US Dollar during Friday's session.
After trading at its March high of 107.50 early on Friday, downside risks took over the market and pushed the pair down to the support of the 100-hour SMA, the 23.60% Fibo retracement and the weekly PP.
The first part of Friday's trading session was spent with no massive changes to the Pound's positioning against the US Dollar, as the pair remained fluctuating slightly above the monthly PP at 1.40.
EUR/USD was trading slightly above the 1.2240 mark early on Friday, being restricted by the 38.20% Fibo retracement.
The New Zealand Dollar has continued to be maintaining a two-week ascending channel against the US Dollar. The currency pair bounced off the lower boundary of the channel up on March 21 and has since surged.
Downside risks continued to dominate the US Dollar against the Canadian Dollar. Even the negative data of the Canadian trade balance was unable to influence the US Dollar to the upside as the 55– hour simple moving average was providing resistance for the currency pair.
The Australian Dollar has continued to fall lower against the US Dollar. By the end of Thursday's trading session, the currency pair has reached a low at 0.7650.
The single European currency has continued moving in an ascending channel against the Japanese Yen. The currency pair has moved closer to the upper boundary of the junior channel and could be ready for a breakout.
Following a breakout of a five-week ascending channel early on Thursday, the yellow metal was unable to fall below the 1,324.00 mark.
The US Dollar managed to extend gains against the Yen during the previous session.