The Greenback gained strength against the Yen for the second consecutive session yesterday.
The GBP/USD exchange rate was trading sideways for the whole session on Wednesday.
The Euro was boosted by fundamentals on Wednesday.
The New Zealand Dollar was steered mainly by bullish sentiment on Tuesday against the US Dollar. As a result, the exchange rate breached the weekly resistance level at 0.70 and tested the upper boundary of a dominant ascending channel.
As expected, the US Dollar surrendered its gains under the bearish pressure on Tuesday and thus pushed the exchange rate down to the 55-, 100-, and 200– hour SMAs near the 1.2957 regions.
The Australian Dollar continues its neat movement in ascending patterns against the US Dollar. By the end of trading session on Tuesday, the currency pair has reached a six-week high level at 0.7664.
The Eurozone single currency was constrained mostly by bulls against the Japanese Yen on Tuesday who strengthened their positions during the end of trading session.
Following a rather calm Tuesday morning, bulls started to dominate Gold later in the session, thus dashing through the 55– and 100-hour SMAs.
The US Dollar was trading sideways against the Yen for the second consecutive session on Tuesday.
Strong upside risks prevailed on Tuesday, thus sending the Sterling 96 pips higher against the US Dollar.
The common European currency was guided lower mid-Tuesday where it was stopped by the strong support of the 200-hour SMA and a junior channel circa 1.660.
Monday's trading session was relatively calm for the NZD/USD currency pair with the exchange rate trading in an extremely low volatility. The upside potential was limited by the weekly R1 at 0.7047.
The US Dollar continues to trade sideways against the Canadian Dollar for the fourth consecutive trading session. The rate was trading along the line of the 55-, 100-, and 200– hour SMAs.
The Australian Dollar was guided by upside risks against the US Dollar on Monday. However, these gains were limited by the upper boundary of an ascending channel and the weekly pivot point at 0.76.
Monday's trading session did not introduce significant changes to the pairs price range, as any attempts to move either direction were hindered by the monthly pivot point at 128.45. Also, the currency pair breached the aforementioned PP early Tuesday session.
The yellow metal has generally maintained its position against the US Dollar during the previous two sessions.
The USD/JPY exchange rate was tended north on Monday but wit no large gains apparent during this session.
The Pound was relatively steady against the US Dollar early on Monday.
Upside risks prevailed during the first part of Monday with the Euro breaching the 55-hour SMA and an eight-week channel down.
The price movement of the NZD/USD currency pair during the last one week has been guided by a medium-term channel. The exchange rate was supported by the 100– hour simple moving average at 0.69.
The USD/CAD exchange rate has been mostly affected by the fundamental event. The reason for this is because of the US president Donald Trump's administration slapping tariffs on aluminum and steel for its close allies. Namely, Canada, Mexico, and the European Union.
The Australian Dollar accelerated against its Canadian counterpart late last week when the pair bounced off it lower boundary of an ascending channel. The rate has since strengthened by 1.99%, thus reaching a six-week high near the 0.7664 mark on Monday.
The EUR/JPY currency pair is trading in a one-week ascending channel. The pair tested its lower boundary near 124.50 on May 29 prior to reversing its sentiment and gradually moving toward the up border.
The yellow metal was stranded in a narrow range between the 55-, 100– and 200-hour SMAs early on Friday.