Despite showing some signs of strengthening on Wednesday, the US Dollar failed to breach the resistance cluster of the 55– and 100-hour SMAs for the second time yesterday.
The Australian Dollar tried to edge higher mid-Thursday.
The common European currency accelerated notably against the Yen during the second half of Thursday.
Despite positive developments on the American labour market the bullion continued to advance against buck.
Because of release of better than expected information on employment change in the United States, the buck took the lead and in the first hours of this trading session successfully bypassed combined resistance put by the weekly PP and the 200-hour SMA.
Although the ADP released some positive information on employment change yesterday, the Dollar continued to lose value against the Sterling.
In accordance with expectations, the common European currency continued to rise against the Dollar and by the end of the previous has reached the weekly R1 at 1.2074.
The movement of the New Zealand Dollar on Wednesday was guided primarily by the 55-hour SMA and the weekly PP.
As apparent on the chart, the US Dollar has remained stable against its Canadian counterpart during the previous trading session.
Following a minor decline late on Wednesday, the Australian Dollar failed to breach the support of the 100-hour SMA near 0.7830.
The Euro failed to surpass the combined support of the 100-hour SMA and the lower channel line circa 134.85 during the second half of Wednesday.
During the early hours of new trading session the yellow metal continued to lose value against the buck in a junior descending channel.
In early hours of this trading session the buck stopped the surge and bounced off from the 112.79 level.
Previous trading session the Pound ended with a 104-pip fall against the Dollar. The support was provided by the 100-hour SMA.
New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels.
After testing the weekly R1 at 0.7135, strong bearish sentiment took over the market as a result of which the New Zealand Dollar dashed through various support levels.
Apart from a notable hourly plunge mid-Wednesday, USD/CAD has spent the previous session rather calmly.
AUD/USD has shown no major changes to its overall price level during the previous session.
The common European currency was demonstrating high volatility against the Yen during the previous 24 hours.
The US Dollar started Tuesday's trading sessions with minor losses, as the pair was pressured southwards by the 55-hour SMA.
The Sterling continued to strengthen against the US Dollar on Tuesday, thus ending the day with an 81-pip gain.
During the early hours of Wednesday's trading session the yellow metal's price began a slight decline. The decline started after the metal reached above the 1,320 mark and setting a new record.
The common European currency has stopped its surge against the US Dollar. The event is providing an opportunity to review the situation on the charts.
The narrow uptrend that was apparent on the NZD/USD chart for three trading sessions was breached late on Friday.