The New Zealand Dollar depreciated about 78 base points against the US Dollar on Thursday. The decline was temporarily stopped by a support level formed by the 100-hour simple moving average at 0.6871.
Upside risks dominated USD/CAD on Thursday. The currency pair bounced off a support level formed by the weekly S1 at 1.3271 during the Asian session on Thursday. The pair ended yesterday's trading session with 124 base points gains.
Downside risk dominated the Australian Dollar against the US Dollar on Thursday. The Aussie depreciated about 1.07% in value against the Greenback during yesterday's trading session.
Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday's trading session. The currency pair has revealed a new junior descending channel pattern.
During Thursday's trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark.
During Thursday's trading session, the currency exchange rate traded sideways to end the trading day at 110.60. On Friday morning, the rate was located at the monthly pivot point at the 110.53 mark.
During Thursday's trading session, the currency exchange rate dropped by 107 pips or 0.81% to reach the weekly S1 at 1.3044. On Friday morning, the rate was retraced by the 50.00% Fibo to the 1.3115 mark.
During Thursday's trading session, the European Single Currency passed the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1.3800. On Friday morning, the rate passed through the support level of the 200-hour SMA to trade at the 1.1324 mark.
Upside momentum pressured the New Zealand Dollar higher against the US Dollar on Wednesday. The reason for the surge was mostly related to the US FOMC meeting. The currency pair gained about 107 base points during yesterday's trading session.
Downside risks prevailed in the market on Wednesday, thus sending the US Dollar to declined about 90 base points against the Canadian Dollar. The cause of the drop was mostly related to the US FOMC meeting.
Upside risks dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair has gained about 1.58% in value since Wednesday's trading session.
During Wednesday's trading session, the yellow metal appreciated against the US Dollar to 1,315.00 level breaking the pattern line at 1,310.00. On Thursday morning, gold was trading sideways at the 1,318.54 mark.
During Wednesday's trading session, the US Dollar depreciated against the Japanese Yen by 102 pips or 0.91 base point to end the trading session at 110.60. On Thursday morning, the US Dollar kept depreciating against the Japanese Yen to be located at the 110.44 mark.
During Wednesday's trading session, the currency exchange rate passed the support level of the 200-hour simple moving average to end the trading session at 1.3200. On Thursday morning, the rate was located at the 50.00% Fibo at 1.3163. Note, the chart was fully reviewed to draw a new pattern!
During Wednesday's trading session, the European Single Currency jumped to the 1.1440 level breaking most of the technical indicators to end the trading session at R2 at the 1.1420 mark. On Thursday morning, the rate depreciated to the previously drawn small pattern at the 1.1395 mark.
Downside risks have dominated the common European currency against the Japanese Yen since Wednesday's trading session. The currency pair has lost about 0.75% in value during the last 24 hours.
The New Zealand Dollar has depreciated about 0.64% in valueagainst the US Dollar. The decline was stop by a support level formed by the 200-hour simple moving average at 0.6830.
The US Dollar traded with high volatility against the Canadian Dollar on Tuesday. The Greenback lost about 93 base points during the first part of yesterday's trading session. Nevertheless, during the last 24 hours, the currency pair had regained its lost positions.
During the last 48 hours, the Australian Dollar has depreciated about 0.73% in value against the US Dollar. The currency pair breached the 50-, 100– and 200-hour SMAs during Tuesday's trading session.
During Tuesday's trading session, the Eurozone single currency was trading near the lower boundary of a medium-term ascending channel pattern. The 100-hour simple moving average provided support for the pair at 126.30.
During Tuesday's trading session, the yellow metal surged to the upper boundary of the medium pattern line at the 1,310.00 mark. On Wednesday morning, gold was trading between the 100-hour and the 200-hour simple moving averages at the 1,302.53 mark.
During Tuesday's trading session, the support levels of the 55-hour SMA together with the weekly pivot point at 111.42 pushed the currency exchange rate to break the resistance level of the 100-hour SMA. On Wednesday morning, the rate was supported by the 100-hour SMA to be located at the 111.57 mark.
During Tuesday's trading session, the 100-hour simple moving average supported the rate to reach the 1.3300 level. During Wednesday's morning hours, the 55-hour and the 100-hour simple moving averages retraced the rate to the 1.3222 mark.
During Tuesday's trading session, the currency exchange rate surged to 1.1360 level as it was predicted! On Wednesday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.3437 mark.