Bears guided the New Zealand Dollar towards the support level formed by the weekly S2 at 0.6533.
Upside risks dominated the USD/CAD currency pair on Tuesday, thus allowing the pair to breach a medium-term descending channel.
The Australian Dollar tried to breach the 55-hour SMA at 0.7195 yesterday.
The EUR/JPY currency pair reversed from the lower boundary of a medium-term ascending channel at 128.45.
Downside risks dominated the NZD/USD currency pair on Monday, thus allowing the pair to breach a medium-term descending channel.
Upside momentum has been dominating the USD/CAD currency pair since August 30 and the pair has reached the upper boundary of a medium-term descending channel at 1.3128.
Bulls guided the Australian Dollar towards the upper boundary of a descending channel against the US Dollar. However, the 55-hour SMA pushed the rate downwards.
Bullish momentum pushed the Euro towards the 55-hour SMA at 129.10 against the Japanese Yen yesterday. However, the exchange rate could not surpass this resistance.
Bearish momentum pushed the New Zealand Dollar towards the lower boundary of a medium-term ascending channel against the US Dollar on Friday. The currency pair was guided down by a narrow descending channel pattern.
Upside risks prevailed in the market on Friday, thus allowing the US Dollar to surged by 102 base points against the Canadian Dollar. As a result, the currency pair breached both the weekly and the monthly PPs at 1.3007 and 1.3036 during the end of the trading session.
Downside risks dominated the AUD/USD currency pair on Friday, thus allowing the Australian Dollar to lose 1.12% of its values against the US Dollar. However, the lower boundary of a junior descending channel stopped the decline.