A two-week ascending channel has guided the New Zealand Dollar higher against the US Dollar.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair ended the previous session with a 100 base points gained.
The AUD/USD currency pair traded with high volatility on Wednesday. The pair tested a one-month high mark at 0.7315 during the end of yesterday's trading session.
Downside risks prevailed in the market on Wednesday, thus sending the common European currency to decline by 81 base points against the Japanese Yen. The pair broke the three weeks ascending channel as shown on the 1(H) chart.
The yellow metal's price increased volatility during the Federal Funds rate announcements and the following Federal Reserve's press conference. During that volatility it reached downwards and almost touched the 1,190.00 level.
It was already previously mentioned that the narrow surge in a channel up pattern can not continue on the USD/JPY charts. The US rate hike provided the needed volatility for the pattern to be broken.
The GBP/USD fell after the US rate hike, as expected. On Thursday morning the currency rate was at the lower trend line of a dominant ascending pattern.
The common European currency increased volatility on Wednesday, as the US Federal Funds rate was published. Afterwards, as it was expected after a US rate hike, the EUR/USD declined.
The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. The currency pair ended yesterday's trading session with 27 pips move.
The US Dollar has been trading in a narrow ascending channel against the Canadian Dollar since September 20. The currency pair tested the upper boundary of the channel pattern at 1.2968 on September 25 and made a brief retracement down.
The Australian Dollar traded with low volatility against the US Dollar on Tuesday. The currency pair ended yesterday's trading session with 26 pips decline.
The common European currency has been trading in a three-week ascending channel against the Japanese Yen. The pair re-tested the upper boundary of this channel pattern at 133.12 on September 21 and made a brief retracement down.
No massive changes occurred to the New Zealand Dollar against the US Dollar. The currency pair was moving sideways during the previous session.
The USD/CAD breached the 50-hour SMA 1.2917 and reached the 100-hour SMA at 1.2938 on last Friday.
The AUD/USD currency pair reversed form the upper boundary of a short-term ascending channel at 0.7300 last Friday.