The single European currency has been trading inside a medium-scale triangle pattern against the Japanese Yen. The currency pair has twice tested the upper boundary of the pattern.
Following a sharp up-move on Tuesday which was caused primarily by weaker US Dollar, the yellow metal surrendered some of its positions during the previous session.
The US Dollar was guided by strong upside momentum on Tuesday.
Despite showing high volatility, GBP/USD remained located above the 55-hour SMA on Tuesday and has therefore maintained its movement in a narrow ascending channel.
EUR/USD remained stranded between the 55– and 100-hour SMAs and the senior channel on Tuesday morning.
The New Zealand Dollar has maintained its gradual move upwards against the Greenback. The currency pair has continued to be trading in the junior ascending channel.
After hitting the weekly pivot point at 1.2942 on Monday, the US Dollar began to decline against its Canadian Dollar. However, this fall was stopped by a dominant ascending channel.
Downside risk dominated the Aussie yesterday. However, a strong bullish momentum took control of the market on Tuesday.
The first part of Monday's showed lack of volatility, as the market was consolidating. However, by the middle of the trading day, a strong bearish momentum prevailed and made the rate to breached a triangle pattern.
Strong upside risks have dominated the given pair since late Thursday.
The first part of Monday's trading session showed lack of volatility, as bulls were restricted by the 55-hour SMA.
The British Sterling continues to move in a narrow channel against the US Dollar for the third consecutive session.
EUR/USD spent the Monday morning calmly in between the bounds of the 55– and 200-hour SMAs.
The New Zealand Dollar remained stable against the US Dollar during Monday's trading session. A gradual bullish momentum continues to dominate the currency pair.
The 200– hour simple moving average has guided the US Dollar down against the Canadian Dollar. The pair has formed a triangle like a pattern as it can be observed on the chart.
Bearish sentiment dominated the AUD/USD currency pair on Friday. However, a new junior ascending channel has been spotted. The pair tested the lower boundary of the junior pattern during the Asian session on Monday.
The European Single Currency has failed to gain strength against the Japanese Yen, thus lingering slightly above a support cluster set by the combination of the weekly and the monthly PPs near 130.81.
No trading of XAU/USD occurred on Friday, so the pair started the day from its Thursday's closing position.
The Good Friday was spent with mainly low volatility and narrow movement for USD/JPY.
Following two sessions of decline, the bearish sentiment of the GBP/USD exchange rate allayed considerably on Friday.
The Euro remained steady against the Greenback on Good Friday, as it squeezed between the 200-hour SMA and the senior channel.
The New Zealand Dollar has maintained its gradual move south against the US Dollar. However, a newly-formed junior ascending channel has been spotted, as can be observed on the chart.
The US Dollar has declined against the Canadian Dollar following Canadian gross domestic product data released on Thursday.
The Australian Dollar has started making a gradual move upwards against the US Dollar. The currency pair bounced off a four-month low during the end of Thursday's trading session.