The common European currency appreciated about 59 base points against the Japanese Yen on Monday. The currency pair reached near a traditional weekly resistance level at 126.03 during yesterday's trading session.
The New Zealand Dollar depreciated about 50 base points against the US Dollar on Friday. The decline started when the currency pair tested a resistance level formed by the upper boundary of an ascending channel pattern at 0.6940.
The US Dollar depreciated about 83 base points against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a one-week descending channel pattern at 1.3073 during Friday's trading session.
The Australian Dollar maintained a junior ascending channel pattern against the US Dollar on Friday. The currency pair breached the 50-hour simple moving average at the end of Friday's session.
Upside risks dominated the single European currency against the Japanese Yen on Friday. The currency pair appreciated about 134 base points during Friday's trading session.
As expected, a resistance level formed by the upper boundary of an ascending channel pattern hindered the New Zealand Dollar to gain further strength against the US Dollar on Thursday.
The US Dollar has been trading in a one-week descending channel pattern the Canadian Dollar. The exchange rate reversed from the lower boundary of the channel pattern at 1.3112 and started moving sideways.
The AUD/USD currency pair remained stable on Thursday, as it was trading near the upper boundary of a dominant descending channel during the previous trading session.
Downside risks prevailed in the market on Thursday, thus sending the common European currency to breached both the 50-, 100-, and 200-hour SMAs and the 50.00% Fibonacci retracement level.
Upside risks prevailed in the market on Wednesday, thus sending the New Zealand Dollar to appreciated about 86 base points against the US Dollar.
Bearish sentiment dominated the US Dollar on Wednesday. The Greenback depreciated about 162 base points against the Canadian Dollar during Wednesday's trading session.
Bullish sentiment dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair gained about 1.72% of its values during Wednesday's trading session.
The Eurozone single currency appreciated against the Japanese Yen on Wednesday. The exchange rate breached January swing high of 125.31 at the end of yesterday's trading session.