As shown on the chart, the Greenback has major fluctuations during the past few days. The currency pair returned at the same price level as on Tuesday slightly above the 1.2870 mark.
The Australian Dollar has maintained its gradual move upwards against the US Dollar. However, a new junior channel down has been spotted, as can be observed on the chart.
The resistance which limited a move above the 132.00 mark provided a barrier for the Euro yesterday. Thus, bears took over control of the market.
Bears have been guiding XAU/USD for the second consecutive session.
The global strength of the US Dollar put upward pressure on the USD/JPY exchange rate.
GBP/USD once again failed to surpass the 1.39 mark on Thursday, as the US Dollar strengthened in the global markets in response to the easing pressure over a trade war.
The Euro was trading sideways during the first part of Thursday.
The New Zealand Dollar has stopped its decline against the Greenback. The currency exchange rate encountered a brief period of consolidation at the middle of Thursday's trading day.
The monthly resistance at 1.2995 proved to have enough strength to push the USD/CAD pair further south. As a result, the exchange rate breached the lower boundary of an ascending channel.
Even though the Australian Dollar made a brief attempt to appreciate against the US Dollar yesterday, the pair was driven by a downside momentum by the end of trading day.
The previously described scenario on Wednesday regarding the Euro did come into reality. The currency pair breached the lower boundary of a junior channel during the early hours of the Asian session.
Downside risks dominated the yellow metal on Wednesday, as it closed the session with a 1.09% drop against the US Dollar.
Following a reversal from the 105.50 mark during the first part of Wednesday, the US Dollar gathered enough momentum to dash through the 55– and 100-hour SMAs and the upper boundary of a two-week descending channel.
Despite some minor fluctuations during the previous 24 hours, the GBP/USD exchange rate returned at the same price level as on Wednesday morning slightly below the 1.39 mark.
EUR/USD was trading in a short-term ascending channel for several sessions.
The Australian Dollar has started to gain strength against the US Dollar after the pair touched the lower boundary a channel up.
The previous expectations for the NZD/USD currency exchange rate have been fulfilled. The pair reached the upper boundary of a dominant channel during the early hours of Wednesday's.
Despite a brief attempt to appreciate against the Canadian Dollar on Tuesday, the Buck continued to be driven by downside risks.
The Euro continues its bullish path against the Japanese Yen, and the exchange rate is gradually moving in an ascending channel.
The yellow metal took advantage of the weaker US Dollar on Tuesday, thus managing to surge by 1.44% and reaching the 1,340.00 mark late in the evening.
The US Dollar was edging lower along the 100-hour SMA on Tuesday.
Following a rather quite morning on Tuesday, the Sterling took advantage of the weaker US Dollar later in the day and eventually dashed through the strong resistance of the monthly and weekly PPs and the 200-hour SMA circa 1.3870.
The Asian session was relatively calm for EUR/USD on Tuesday.
The New Zealand Dollar has stopped its decline against the US Dollar. The currency pair encounter low volatility during the first part of Tuesday's trading session.