The price movement of USD/CNH during the past few weeks demonstrates a medium-term consolidation, meaning that the US Dollar has failed to move above the 6.3833 level, while support has been provided by an upward-sloping trend-line.
CAD/CHF has been trading in a triangle-like formation since early May.
The common European currency movement against the Canadian Dollar has been guided by two months descending channel. The currency pair reversed from the upper boundary of a senior channel on March 20 and has since reached a five-month low level at 1.55.
The price movement of the EUR/AUD currency pair has been steered by a junior descending channel. The exchange rate has breached the lower boundary of a dominant ascending pattern on May 21 and this could indicate a long-term decline for the pair.
Following a one-month period of consolidation from February to April, the USD/SGD exchange rate gathered momentum mid-April and shot up until 1.35 where it was located at the time of this analysis.
The New Zealand Dollar has been weakening against the Swiss Franc in a steep channel down.
The Pound Sterling has declined substantially against the Canadian Dollar during the past one month. This bearish movement has pressured the exchange rate towards the lower boundary of a dominant ascending pattern.
During the past one month, the British Pound has depreciated heavily against the Australian Dollar.
EUR/NZD was trading in a neat ascending channel since early April until the senior channel reached on May 14 halted any attempts to move above the 1.73 mark.
The USD/ZAR exchange rate has been bound by two longer-term patterns.
Following a reversal from a dominant descending channel on May 8, the Swiss Franc triggered a new movement in an ascending pattern against the Japanese Yen.
The Canadian Dollar has been appreciating against the Japanese Yen after the pair reverse from the lower boundary of a dominant ascending channel May 8. The pair has since reached a three-month high.
The US Dollar has been trading in an ascending channel against the Thai Baht for the last two months.
The EUR/CZK exchange rate has been trading in a channel-like formation since early 2018.
The movement for the NZD/CAD exchange rate has been constrained by a dominant descending channel for the past two months. This decline has led the Kiwi to a five-month low level.
The AUD/NZD currency pair has been guided by an ascending channel since early April. The exchange rate bounced off it bottom border on April 13 and has since remained trading along the pattern.
The movement of TRY/JPY has been bounded in an descending channel during the past three weeks.
USD/DKK has been trading in an ascending channel for the last five weeks, thus breaching a dominant senior channel along the way in early May.
The Pound Sterling has been constrained by several descending channels against the Japanese Yen. The most important of which is the junior pattern which was formed on April 13.
The Australian Dollar has been trading in a triangle-like formation during the past months. The currency pair tested the upper boundary of the aforementioned triangle pattern on May 14.
Following the massive 13% surge which occurred early in April, the common European currency has been trading in an descending wedge against the Russian Ruble.
The EUR/PLN exchange rate has shown no significant changes to its movement during the past two weeks, as it has remained trading in the 4.24/29 trading range.
The single European currency has been constrained by a two-month descending pattern against the Canadian Dollar.
The bearish movement has guided the EUR/AUD currency pair since April 25, thus sending the pair to depreciate from 1.61 to 1.57 just in few weeks. The rate has since reversed from the lower boundary of a medium-scale ascending channel.