It appeared that a breakthrough the 100% Fibonacci retracement level at 1.1715 and the weekly S1 at 1.1710 had a short-term effect.
The pressure set by the 100– and 55-hour SMAs near the 0.7209 area was strong enough to halt any attempts to reach the upper channel boundary on Monday.
The Greenback managed to gain some value against the Loonie during the second half of Monday's trading session.
As apparent on the chart, no massive changes have occurred to the AUD/USD exchange rate during the past 24 hours.
After rebounding from the upper boundary of the descending channel, the common European currency entered a minor consolidation period slightly above the monthly PP at 132.24.
In accordance with expectations, for couple of hours the fall of the exchange rate was stopped by the 100-day SMA.
In line with expectations, the Greenback continued to gain value against the Yen, breaking through the upper edge of a junior descending channel.
A combination of release of worse than expected British and better than expected American manufacturing activity data created a downside momentum, which was strong enough to drive the pair through a combined support formed by the monthly PP at 1.3322 and the weekly S1 at 1.3305 and push right to the bottom edge of senior descending channel.
Contrary to expectations, the currency pair broke through the combined support set up by the 100% Fibonacci retracement level at 1.1715 and the updated weekly S1 at 1.1710.
The New Zealand Dollar has depreciated moderately against the US Dollar since mid-Friday.
The US Dollar has reached the 1.2520 mark two times since early Friday.
Despite continuous attempts to move past the 55-hour SMA, AUD/USD's direction on Friday was entirely dependent on the given moving average.
The Euro managed to breach the descending channel early on Friday and reach the 200-hour SMA at 133.20.
Due to release of another set of the US inflation and consumer spending data, which did not change the overall prospect about the upcoming interest rate hike, the buck managed to drag the bullion through the 61.8% Fibonacci retracement level at 1,278.96, thus confirming an existence of a new descending channel.
Despite a certain volatility that was caused by a release of information on the US consumer spending, the pair continued to gradually climb to the top, as expected.
In accordance with expectations, a combination of the 55- and 100-hour SMAs as well as the former monthly R2 did not let the pair to make any notable advances on Friday.
In line with expectations, the currency exchange rate managed to break to the top, crossing the 100-hour SMA plus another resistance level near 1.1810.
The upper boundary of the short-term descending channel was breached on Thursday.
After reaching the 1.2520 mark early on Thursday, the prevailing bearish sentiment guided USD/CAD southwards.
The falling wedge which was formed last week was breached to the upside on Thursday.
The Euro was generally supported by the 55-hour SMA for the last 24 hours, except for a minor breakout late on Thursday.
As it was expected, the 61.8% Fibonacci retracement level at 1,278.96 appeared to be too strong barrier to be crossed from the first attempt.
At the present moment, the currency exchange rate is fluctuating in three different channels. After making a rebound from upper edge of two of them, which matched with Governor Kuroda speech, it tried to slip to the bottom.
Contrary to expectations but in accordance with trade patterns theory, the currency pair made breakout from a falling wedge to the top.