The US Dollar has followed the technical patterns against the Japanese Yen. Namely, the pair has bounced off the upper trend line of a dominant pattern and passed below the support of a junior ascending channel.
The GBP/USD pair is struggling to pass the resistance of the 1.3100 level. The round mark was providing a psychological resistance to the rates surge.
On Monday, the EUR/USD no longer had close by resistance levels on the hourly chart. Namely, the weekly pivot points had changed, and the closest by technical resistance was located at the 1.1380 mark.
The New Zealand Dollar depreciated about 118 base points against the US Dollar on Thursday. The currency pair revealed a new junior descending channel pattern during yesterday's trading session.
The US Dollar appreciated about 78 base points against the Canadian Dollar on Thursday. The surged was stopped by a resistance level formed by the 200-hour simple moving average at 1.3238.
The 200-hour simple moving average, located at the 0.7120 regions restricted the Australian Dollar from regaining some of its lost positions against the US Dollar on Thursday.
The single European currency has continued to trade sideways against the Japanese Yen. The currency pair trading range during yesterday's session was about 45 base points.
Downside risks have dominated the New Zealand Dollar against the US Dollar since Wednesday's trading session. A breakout through the lower boundary of an ascending channel pattern at 0.6844 occurred during the Asian trading session on Thursday.
The US Dollar has continued its decline in a descending channel pattern against the Canadian Dollar. The currency pair edged lower by about 0.40% during yesterday's trading session.
The Australian Dollar versus the US Dollar remained stable on Wednesday. The currency pair was trading below the weekly resistance level at 0.7177 during the previous trading session.
The common European currency traded sideways against the Japanese Yen on Wednesday. The currency pair was trading near the weekly resistance level at 125.47 during yesterday's session.
The New Zealand Dollar appreciated about 74 base points against the US Dollar on Tuesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.