The first half of the previous trading day the currency pair, indeed, spent in a limbo between two combined support and resistance barriers.
Most of the previous trading day the currency pair spent in a horizontal movement, being squeezed between the weekly PP at 1.1918 and the monthly PP at 1.1881.
The strong momentum mid-Friday was contradicted by the same bearish impact, thus leaving NZD/USD with almost no gains.
Despite showing some signs of a possibly recovery mid-Friday, sluggish US data pushed the rate down to the weekly S1.
Weak US fundamentals mid-Friday resulted in a 24-pip hourly surge for AUD/USD.
Global geopolitical tensions during the weekend weighted heavily on the EUR/JPY currency pair, as risk-averse traders transferred their money into the Yen.
A release of the US employment data last Friday predictably stopped the gold from losing value against the buck.
Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula.
In result of release of data on the UK Manufacturing PMI, the Pound gained a short upside moment that helped it to leave a short-term descending channel to the top.
Despite that all three American employment indicators that were released on Friday did not justify experts' forecasts, the Greenback continued to appreciate against the Euro and even managed to break through the bottom trend-line of a medium-term ascending channel.
NZD/USD continues to respect the boundaries of a medium-term descending channel.
Despite repeated efforts to surpass the weekly R2 at 1.2660, better-than-expected Canadian GDP released mid-Thursday swiped away any hopes for the rate to move above the 1.2650 mark.
After reversing near the weekly S1 at 0.7885, AUD/USD picked up speed and dashed through the 55-, 100– and 200-hour SMAs.
The European common currency continues to depreciate against the Yen for the third consecutive day.
As soon as the buck stopped to receive feeding from various macroeconomic data releases, the yellow metal started to actively recover.
The way the currency rate moved yesterday completely matched with expectations. Due to absence of any additional stimulus, the buck continued to lose value against the Yen up until the weekly R1 at 109.92.
As it was projected, in the first half of the previous trading day the currency rate had easily plunged to the weekly PP at 1.2858, using barrier-free area on its way.
In line with expectations, yesterday the buck relentlessly tried to break though the combined support level formed by the monthly PP, the 200-hour SMA and the ascending channel's bottom boundary.
The NZD/USD charts have been redrawn. The reason for that was the fact that the New Zealand Dollar has continued to fall, ignoring all previously drawn charts.
Positions Today Yesterday % Change Longs 71% 72% -1.41% Shorts 29% 28% 3.45% Indicator 4H 1D 1W MACD
The Aussie has fallen against the US Dollar even lower than it was expected by the Dukascopy Analysts. During the middle of Thursday's trading session the currency exchange rate reached the lower support of a medium scale ascending channel pattern.
The previous forecast for the EUR/JPY came into reality at the start of Thursday's trading session.
Yesterday the American Dollar continued to strengthen against the yellow metal and even managed to form a little descending triangle, whose lower support line matched with the upper boundary of a former long-term ascending channel.
Fortunately for the buck, both data releases were even better that analysts anticipated. Even though they did not arouse especially high interest, but it was still enough to push the currency pair out of the channel.