The US Dollar weakened against the Canadian Dollar, following the Canadian Consumer Price Index release on . The USD/CAD currency pair lost 106 pips or 0.81%. The data release had a significant impact on the currency pair after which the candles continue decreasing to the 1.3010 area.
The Australian Dollar continues to appreciate against the US Dollar in a junior ascending channel for the third consecutive trading day. This upside sentiment was stopped by the 200-hour simple moving average and the upper border of the ascending channel pattern during the close of Friday's session.
A one-week ascending channel has guided the movement of the Eurozone single currency against the Japanese Yen. Moreover, the 55– and 100-hour SMAs was providing support for the exchange rate, as can be observed on the 1H chart.
The yellow metal's price on Monday morning continued the surge, which began on late Friday. On Friday, the pair managed to break the resistance of the 55-hour SMA and a monthly pivot point.
The US Dollar has surged against the Japanese Yen in the second half of Friday's trading and on Monday morning.
The GBP/USD currency exchange rate on Friday broke the resistance of the dominant medium scale pattern. The event resulted in an increase of volatility, as the rate bounced around without a clear direction.
The common European currency met on Friday and did not manage to pass the resistance of the 200-hour simple moving average against the US Dollar.
Positions Today Yesterday % Change Longs 56% 59% -5.36% Shorts 44% 41% 6.82% Indicator 4H 1D 1W MACD (12;
Positions Today Yesterday % Change Longs 54% 60% -11.11% Shorts 46% 40% 13.04% Indicator 4H 1D 1W MACD (12;
The Australian Dollar traded with high volatility against the US Dollar on Thursday. The pair began to strengthen after its reversed from the lower boundary of an ascending channel.
No significant changes were introduced to the EUR/JPY currency pair on Thursday. Even though the common European currency breached both the 55-and 100-hour SMAs during the previous session, the exchange rate failed to rally. Instead, the price consolidated.
The yellow metal edged higher early on Thursday, but this slight appreciation was stopped by the monthly S2 and the 55-hour SMA at 1,180.00.
Following a reversal from the weekly and monthly S1s mid-Wednesday, the US Dollar began edging higher against the Japanese Yen.
Thursday's trading session was very calm for the GBP/USD exchange rate.
Despite surging early on Thursday, the Euro failed to pick up momentum against the US Dollar, as it was pressured from above by the psychological 1.14 level.
The New Zealand Dollar continued to depreciate against the US Dollar for the fourth consecutive trading session on Wednesday. This downside movement has resulted in the pair to breached the 55-hour simple moving average.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday, as the exchange rate ended the trading session with 116 base points gain. The price also tested the 38.20% Fibo.
No significant changes were introduced to the AUD/USD exchange rate positioning on Wednesday, as the pair remained trading inside the one-week junior descending channel. The situation, however, remained the same on Thursday, as the price continued to bounce between the upper and lower borders of Monday's trading range of 0.7273/0.7200.
The Eurozone single currency remained stable against the Japanese Yen on Wednesday, as the currency pair was trading with low volatility. Also, the pair breached the 55-hour simple moving average at 126.12.
Gold continues to decline against the US Dollar for the third consecutive session.
Strong downside risks prevailed early on Wednesday which resulted in USD/JPY falling 93 pips until late in the evening when this bearish sentiment reversed back to the upside.
The Sterling has remained relatively unchanged against the US Dollar since the beginning of this week.
Even though the weekly S1 did not hold the Euro mid-Wednesday, its subsequent fall against the US Dollar was not significant due to the psychological 1.13 level being located nearby.
Monday's session did not introduce changes to the NZD/USD currency pair which was mainly due to resistance and support surrounding the rate. As a result, the New Zealand Dollar was trading sideways against the US Dollar.