The Australian Dollar has reached the previously expected target of 1.1266, where the monthly second resistance is located at against the New Zealand Dollar.
On the chart shown one can still see the previous ascending channel pattern, which was broken due to bouncing off the resistance of a dominant channel down pattern.
The AUD/CAD exchange rate has been trading sideways for the last seven weeks.
The common European currency is trading in two ascending channels against the Norwegian Krone.
As it was expected the rebound of the Euro against the Swiss Franc did not last in a narrow ranged channel up pattern.
The previous review of the US Dollar against the Swiss Franc stated that the pair will reach the monthly resistance at the 0.9830 mark and a new ascending pattern will reveal itself.
During the past two weeks, the US Dollar has gained momentum against the South African Rand, thus forming a steep ascending channel.
The Aussie is trading in three channels simultaneously against the Singapore Dollar.
The Swiss Franc rebounded against the lower trend line of the most dominant pattern last week against the Japanese Yen, when the pair was last reviewed.
After the recent development and breaking of various minor channel patterns the Pound has revealed a new direction and a new long term pattern against the Japanese Yen.
Following the massive plunge on October 8, TRY/JPY entered a period of consolidation in the result of which an ascending wedge was formed.
It might be said that USD/DKK is trading in three channels simultaneously. The most prominent one has confined the rate in a downward-sloping movement since early December, 2016, as apparent on the daily chart.
The forecast for the EUR/CAD turned out to be precise, as the pair did get squeezed into a small triangle and broke downwards,
During the previous review of the EUR/GBP pair our analysts predicted a rebound on a large scale.
The Canadian Dollar has been weakening against the Swiss Franc during the past seven weeks, thus forming a channel down.
GBP/AUD was driven by upside momentum in September that resulted in the pair peaking at its three-month high circa 1.72.
The New Zealand Dollar just plummeted against the Japanese Yen. The fall, however, was stopped by the most dominant support, which Dukascopy analysts could discover on the pair's charts.
The previous analysis of the AUD/NZD pair turned out to be correct. To the letter. However,
The US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge.
Following a massive upward leap of the USD/TRY exchange rate late in October 8, the rate has retreated slightly, thus standing near the 3.67 mark early on Friday.
For some time an analyst at the Dukascopy research team was expecting a rebound to occur against the lower trend line of a massive scale channel up pattern.
The Australian Dollar is trading in an ascending channel pattern against the Japanese Yen.
The movement of the CHF/SGD exchange rate during the past weeks has been characterized by two descending channels.
USD/SEK is trading in two note-worthy patterns.