The New Zealand Dollar is among one of the many currencies, which suffered losses against the US Dollar, as the UK referendum on European Union membership results came in, and they declared an exit from the union.
With risk-on sentiment taking over the markets on Friday, the EUR/JPY currency pair dropped below the 114.00 mark, with volatility stretching out even beyond 110.00.
As the bullion surged on Brexit vote results, it saw huge volatility by even reaching the 1,358 level at a certain point.
The result of EU referendum polls caused the Sterling to plunge dramatically on Friday, reaching a 30-year low.
Brexit also caused the US Dollar to weaken against most major peers, triggering the USD/JPY sell-off down to the 99.00 mark.
After suffering huge losses on the Brexit vote results, the Euro has slightly recovered against the US Dollar on Monday, as the currency exchange rate moved from 1.1005 at the start of Monday's trading session, to 1.1040 by 7:00 GMT.
Gold spiked more than 100 dollars from the 100-day SMA at 1,250 amid the news from the UK, but the rally appears to have been stopped by the rising resistance trend-line.
Although the 23-month down-trend was pierced to the upside on Thursday, the ‘Brexit' poll results caused the Pound to plummet today, registering a 10% drop towards the lowest level in 30 years.
The USD/JPY currency pair also suffered from the aftermath of the ‘Brexit' vote, causing the exchange rate to drop to 99.00 yen.
EUR/USD has already plummeted through most of the key supports, including the 200-day SMA, May low and the lower bound of the ascending channel.
On Wednesday the New Zealand Dollar edged higher against the US counterpart, thus, causing the ascending channel pattern to be broken to.
The Greenback managed to negate all intraday losses on Wednesday, and end the day above the 1.28 major level.
Wednesday ended with the Australian Dollar adding more than 55 pips against the US Dollar.
For the second day in a row yesterday the Euro remained relatively unchanged against the Yen.
Yesterday the weekly pivot point prevented the US Dollar from outperforming the Japanese Yen, but the 104.00 was not reached.
Ahead of the EU referendum the Pound managed to appreciate against the US Dollar for another day yesterday, but still unable to pierce the 23-month down-trend.
Gold keeps moving away from the 2015 high, being unable to surpass this resistance neither in May nor this month.
Considering that both in May and in June EUR/USD confirmed the lower bound of the eight-month ascending channel, our multi-week outlook is bullish.
As the New Zealand Dollar is in the middle of its sixth consecutive session of gains against the US Dollar, it confirms, that the pair is in a channel up pattern on the daily chart.
The AUD/USD currency pair negated all intraday gains on Tuesday, ending the day with a slight decline back under the 55-day SMA.
The US Dollar had some relief at the end of Tuesday's trading session against the Canadian Dollar, as it managed gain some strength by surging from 1.2807 at the start of day's session to 1.2818 after a depreciation, which started on Thursday.
The European currency remained relatively unchanged against the Japanese Yen on Tuesday, with Euro adding only 15 pips, due to most of intraday gains getting erased.
The US Dollar managed to appreciate against the Japanese Yen on Tuesday, with risk-on sentiment returning to the markets.
Upon reaching the 23-month resistance line on Tuesday, the Cable bounced back, erasing its intraday gains and ending the day with a 28-pip decline.