The common European currency has remained stable against the Japanese Yen during the middle of trading day on Friday. The rate was supported by the 200-hour simple moving average.
Following a reversal from the two-week high of 107.00 late on Wednesday, the US Dollar began weakening against the Yen once again.
GBP/USD continued to weaken on Thursday but with considerably lower volatility than during the two preceding sessions.
The common European currency remained stable against the Greenback on Thursday.
The NZD/USD exchange rate has been trading in a channel down since mid-February. The pair tested the upper boundary of a dominant channel on February 16 and followed by long period of decline.
The Downside momentum continues to push the Australian Dollar lower against the US Dollar. Due to that reason, the AUD/USD exchange rate reached a four-month low during the Asian session on Thursday.
The EUR/JPY currency pair has continued to be maintaining the junior ascending channel. The pair is slowly moving north toward the upper boundary of the aforementioned pattern.
The yellow metal continues to slide lower against the US Dollar for the third consecutive session.
The US Dollar rallied significantly against the Yen on Wednesday, seemingly being supported by a decrease in risk sentiment.
Downside risks dominated the GBP/USD exchange rate on Wednesday.
Wednesday's session was spent in a relatively calm manner for EUR/USD, as the rate remained fluctuating between the weekly R1, the 55– and 100-hour SMAs and a strong resistance/support level at 1.2385.
The New Zealand Dollar was pressured by a downside risk yesterday. As a result, the NZD/USD exchange rate breached the lower boundary of a junior ascending channel.
The US Dollar has been driven by two main patterns. The most important of which is the dominant ascending channel. The currency pair re-tested its lower boundary yesterday and made a U-turn north.
The Aussie continues its neat journey in a descending pattern against the Greenback. By the end of Tuesday's trading session, the exchange rate has breached the lower boundary of an ascending channel.
The common European currency continued to decline against the Japanese Yen. By the end of Tuesday's trading session, the currency pair had lost more than 90 basis points.
XAU/USD did not introduce any surprises during Tuesday's trading session.
The US Dollar's movement against the Yen was bounded between the 100– and 200-hour SMAs on Tuesday.
Contrary to the slight period of consolidation which began mid-Monday, the GBP/USD exchange rate was shaken by a strong sell-off during the following session.
Monday's climb of EUR/USD was reversed yesterday, as the market responded negatively to ECB officials who stressed the importance of patience when removing the stimulus.
The New Zealand Dollar has traded with increased volatility against the Greenback since yesterday. The reason was the rate bouncing between two competing level of significance.
The US Dollar was driven by a downside momentum on Monday as a result, the currency pair tested the lower boundary of an ascending trend-line.
The Australian Dollar remained stable against the US Dollar during Monday's trading session. A slight bearish movement took over the market on Tuesday, thus, allowing the pair to test the weekly PP at 0.7718.
By the middle of the European trading session on Tuesday, the EUR/JPY exchange rate had revealed a new medium-term ascending channel. Though, that does not automatically suggest that the pair should rally within the next 24 hours.