The common European currency appreciated about 79 base points against the Japanese Yen on Tuesday. The currency pair has revealed a new junior ascending channel pattern.
Bearish sentiment dominated the Australian Dollar against the US Dollar on Monday. As a result, the currency pair breached the lower boundary of a medium-term ascending channel at 0.7082.
The New Zealand Dollar depreciated about 50 base points against the US Dollar on Monday. The currency pair breached the 50-hour simple moving average during yesterday's trading session.
A resistance level set by a traditional monthly pivot point near the 1.3302 area hindered the US Dollar from gaining further strength against the Canadian Dollar on Monday.
A breakout occurred through the upper boundary of a junior descending channel pattern on Monday. The single European currency gained about 0.40% in values against the Japanese Yen.
The yellow metal's price managed to break the resistance of simple moving hourly averages on Friday. However, on Monday the metal's price ignored the support of these levels and declined down to 1,310.00.
The US Dollar broke a significant level of resistance against the Japanese Yen. Namely, the resistance of a medium descending pattern that captured the week long sideways trading below the 110.00 level was broken. The event signals the end of sideways trading.
The New Zealand Dollar has been moving in a horizontal channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.6733 on Friday.
The Greenback depreciated by 91 base points against the Canadian Dollar on Friday. The exchange rate breached the 50-hour simple moving average at 1.3263 during Friday's trading session.
A resistance level formed by a traditional monthly pivot point at 0.7105 restricted the Australian Dollar from making an upward movement against the US Dollar on Friday.
The GBP/USD pair is bouncing off resistance levels, which create a resistance cluster from the 1.2940 to 1.2950 levels. Meanwhile, the pair had no technical support as low as the 1.2860 mark.
The 50-hour simple moving average pulled down the Eurozone single currency against the Japanese Yen on Friday. The pair depreciated about 0.42% during Friday's trading session.
On Monday morning the EUR/USD was testing the support of a medium scale ascending pattern. The forecasts surround this level.
The New Zealand Dollar traded with low volatility against the US Dollar on Thursday. The currency pair was moving along the weekly S2 at 0.6758 during Thursday's trading session.
The US Dollar edged higher over 90 base points against the Canadian Dollar on Thursday. A breakout occurred through the upper boundary of a junior ascending channel during Thursday's trading session.
The Australian Dollar depreciated about 55 base points against the US Dollar on Thursday. The currency pair breached the lower boundary of a descending channel pattern at 0.7072 during yesterday's trading session.