USD/JPY was trading in a neat channel down for last two sessions.
Despite some volatility throughout the day, the GBP/USD exchange rate remained stable during Friday's trading session.
EUR/USD remained downwards-tended until mid-Friday when it reversed from the 100-hour SMA near 1.1740.
Downside risks prevailed in the market on Thursday and thus sent the New Zealand Dollar to plummet against the US Dollar. This resulted in the exchange rate to breached the lower boundary of an ascending channel.
The US Dollar continues to appreciate against the Canadian Dollar for the second consecutive session. This movement was guided by a senior ascending channel. Also, a breakout has occurred from the SMAs as predicted.
Contrary to expectations, the AUD/USD currency pair was constrained by bears on Thursday.
As expected, the Eurozone single currency made a corrective movement south against the Japanese Yen. The currency pair breached the lower boundary of an ascending channel.
XAU/USD continues to trade sideways for the third consecutive session, as the pair has remained stranded between several notable support/resistance levels.
The USD/JPY exchange rate weakened 0.4% on Thursday following a test of the 200-day SMA, weekly R1 and 61.80% Fibonacci retracement at 110.20.
The Sterling showed significant volatility against the US Dollar on Thursday which was seemingly caused by mounting tensions around Brexit.
The Euro has maintained its upward tendency for the third consecutive session.
The New Zealand Dollar has remained stable against the US Dollar on Wednesday. A move above 0.70 was limited by the upper boundary of an ascending pattern. The pair was supported by the 55– hour simple moving average at 0.7035.
After trading at its March high at 1.3060 early this week, downside risks took control of the market on Wednesday and push the exchange rate down to the support of the lower boundary of an ascending channel.
Wednesday's session was spent in a relatively calm manner for the AUD/USD currency pair, as the rate remained bouncing between the weekly pivot point and the 100– hour simple moving average.
The single European currency has continued to maintain it junior ascending channel against the Japanese Yen.
XAU/USD was trading in a narrow range on Wednesday and early on Thursday.
The Greenback gained strength against the Yen for the second consecutive session yesterday.
The GBP/USD exchange rate was trading sideways for the whole session on Wednesday.
The Euro was boosted by fundamentals on Wednesday.
The New Zealand Dollar was steered mainly by bullish sentiment on Tuesday against the US Dollar. As a result, the exchange rate breached the weekly resistance level at 0.70 and tested the upper boundary of a dominant ascending channel.
As expected, the US Dollar surrendered its gains under the bearish pressure on Tuesday and thus pushed the exchange rate down to the 55-, 100-, and 200– hour SMAs near the 1.2957 regions.
The Australian Dollar continues its neat movement in ascending patterns against the US Dollar. By the end of trading session on Tuesday, the currency pair has reached a six-week high level at 0.7664.
The Eurozone single currency was constrained mostly by bulls against the Japanese Yen on Tuesday who strengthened their positions during the end of trading session.
Following a rather calm Tuesday morning, bulls started to dominate Gold later in the session, thus dashing through the 55– and 100-hour SMAs.