The Euro was fluctuating in the 1.2343/1.2260 range on Tuesday, thus continuing its general movement sideways which began following weak US employment data last Friday.
The bearish momentum continued to dominate the USD/CAD pair. However, during the middle of European session on Monday, the rate made some correctional movement north.
The New Zealand Dollar continues to be gaining strength against the US Dollar. The currency pair ended Friday with a high at 0.7306. The rate has been moving in a systematic way since the beginning of March.
The AUD/USD pair continues to be maintaining its movements in the previously described channel up. The currency pair has breached the monthly pivot point during the early hours of Monday's trading session.
The common European currency is gradually depreciating against the Japanese Yen. The currency pair has moved closer to the border of a dominant channel and is likely to go for breakout.
As apparent on the chart, the yellow metal was trading along the breached one-month channel during the first part of Friday.
Following a breakout of the descending channel early on Friday, the US Dollar entered a minor period of consolidation against the Yen.
A retracement from the breached one-month channel was followed by a surge up to the 1.3865 mark.
EUR/USD showed no changes to its price level on Friday, as it remained fluctuating around the 200-hour SMA slightly above the 1.23 mark.
The New Zealand Dollar has been steered by an ascending channel against the US Dollar since the beginning of this month.
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.