The US Dollar declined by 118 pips or 0.92% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session.
The Australian Dollar declined by 67 pips or 0.87% against the US Dollar on Friday. The 100– hour simple moving average pressured the currency pair lower during Friday's trading session.
The single European currency surged by 91 pips or 0.72% against the Japanese Yen on Friday. The currency pair breached the upper line of an ascending channel pattern during Friday's trading session.
As apparent on the chart, the XAU/USD exchange rate continued to decline within a falling wedge pattern.
During Friday morning hours, the USD/JPY currency pair skyrocketed to the 104.80 mark.
The GBP/USD exchange rate continues to trade within a rising wedge pattern,
As apparent on the chart, the EUR/USD currency pair has been trading sideways since Wednesday late evening.
The New Zealand Dollar surged by 85 basis points or 1.19% against the US Dollar on Thursday. The surge was stopped by a resistance cluster at 0.7188 during yesterday's trading session.
The US Dollar declined by 85 basis points or 0.66% against the Canadian Dollar on Thursday. The currency pair tested the support level at 1.2792 during yesterday's trading session.
Australia's Dollar edged higher by 103 basis points or 1.36% against the US Dollar on Thursday. The surge was stopped by the 100– hour simple moving average at 0.7693 during yesterday's trading session.
The common European currency surged by 60 basis points or 0.48% against the Japanese Yen on Thursday. The currency pair breached a resistance level at 126.11 during yesterday's trading session.
The XAU/USD exchange rate has revealed a falling wedge pattern.
On Wednesday, the USD/JPY currency pair breached the falling wedge pattern north and jumped to 104.40.
Yesterday, the GBP/USD exchange rate bounced off the upper line of the rising wedge pattern.
During Thursday morning hours, the EUR/USD currency pair has been testing the support level formed by the weekly S1 at 1.2089.
Downside risks have pressured the New Zealand Dollar against the US Dollar since Wednesday's trading session. The NZD/USD currency pair has declined by 100 points or 1.36% on January 27.
Upside risks have dominated the US Dollar against the Canadian Dollar since yesterday's trading session. The currency pair has surged 158 points or 1.25% since Wednesday.
The Australian Dollar declined by 132 points or 1.70% against the US Dollar on Wednesday. The currency pair breached the 50-, 100– and 200– hour SMAs during Wednesday's trading session.
The Eurozone single currency edged higher by 52 points or 0.41% against the Japanese Yen on Wednesday. The currency pair broke a resistance level at 126.11 during Wednesday's trading session.
During Wednesday morning hours, the XAU/USD exchange rate breached the rising wedge pattern south.
Yesterday, the USD/JPY currency pair failed to decline below the 103.60 level.
Since Tuesday afternoon, the GBP/USD exchange rate has been testing the upper boundary of the rising wedge pattern.
During Wednesday morning hours, the EUR/USD currency pair bounced off the 1.2170 level.
The NZD/USD currency pair bounced off a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 0.7166 during Tuesday's trading session.