The single European currency has continued to appreciate in an ascending channel against the Japanese Yen. The currency pair tested the upper boundary of the channel pattern at the end of yesterday's trading session.
The 50-, 100-, and 200-hour SMAs pressured the New Zealand Dollar lower against the US Dollar on Wednesday.
The US Dollar has been moving sideways against the Canadian Dollar since December 23. The currency pair continued its movement in the narrow range during Wednesday's trading session.
The Australian Dollar traded sideways movement against the US Dollar on Wednesday. The currency pair was moving within a trading range of 0.7077 and 0.7032 during the previous trading session.
The common European currency appreciated about 70 base points against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average at 126.05 during yesterday's session.
Bearish sentiment has been dominating the New Zealand Dollar against the US Dollar since December 24.
The 50-hour simple moving average has guided the US Dollar higher against the Canadian Dollar since December 24.
The Australian Dollar has continued to trade in a one-week descending channel pattern against the US Dollar. The currency pair tested the upper boundary of the channel pattern during the Asian session on Wednesday.
Downside risks have been dominating the single European currency against the Japanese Yen since December 24. the currency pair depreciated more than 110 base points during the last two days.
The New Zealand Dollar has continued to edge lower against the US Dollar. The exchange rate plunged by about 83 base points during the end of Friday's trading session.
The US Dollar has continued its upside momentum against the Canadian Dollar. The currency pair appreciated about 110 base points during the end of Friday's trading session.
The Australian Dollar has continued its downward movement against the US Dollar. The AUD/USD currency pair depreciated about 90 base points during Friday's trading session.
The single European currency plummeted about 151 base points against the Japanese Yen on Friday. This sell-off began on December 13 and has since lost over 2.36% of its values.
For almost a month Dukascopy Analytics stated that on the larger scale the yellow metal is heading to the 1,260.00 level. The move has occurred and fully ended on Friday.
The USD/JPY continued its decline until the rate almost reached the 111.80 level. That point suddenly forced a retracement of the currency exchange rate. By using this point new descending patterns were drawn.
On Friday, the GBP/USD traded still below the 1.2700 level, which continued to provide resistance.
The EUR/USD currency exchange rate has revealed an ascending channel pattern. The pattern represents the rate's surge following the bounce off from the lower trend line of a dominant descending pattern.
The New Zealand Dollar deprecated about 111 base points against the US Dollar on Wednesday. The decline was temporarily stopped by the weekly S1 at 0.6747 during the end Wednesday's session.
The US Dollar ended Wednesday's trading session with 92 points gains against the Canadian Dollar. The surge occurred after the US Federal Reserve hiked interest rates during the end of yesterday's session.
The Australian Dollar depreciated about 112 base points against the US Dollar on Wednesday. This decline started after the US Federal Reserve raised interest rates during yesterday's trading session.
The common European currency depreciated about 81 base points against the Japanese Yen on Wednesday. The decline was stopped after the currency pair pierced the weekly S1 at 127.75.