Then Yen was strengthened by risk-averse investors on Tuesday.
The Pound was driven by downside risks against the US Dollar on Tuesday.
Political uncertainty in Italy continues to weigh heavily on the common European currency.
Following a reversal from the weekly pivot point at 0.69 yesterday, the New Zealand Dollar began a new move down against the US Dollar. However, this decline was stopped after the pair reached the bottom border of a dominant ascending pattern.
The USD/CAD currency pair continued to strengthen for the third consecutive trading session on Tuesday. This upward movement allowed the pair to reach the upper boundary of a dominant ascending channel.
Following a breakout of the 55–, 100-, and 200– hour simple moving averages on Tuesday, downside risks prevailed and thus drove the AUD/USD currency pair down to the lower boundary of a dominant ascending channel.
Downside sentiment continues to push the single European currency lower against the Japanese Yen. As a result, the pair broke out from the flag like formation pattern.
The yellow metal was trading sideways against the US Dollar on Monday stranded between the 55– and 100-hour SMAs.
Monday's trading session was very calm for the USD/JPY exchange rate with the pair trading in an extremely narrow range slightly below the 55-hour SMA.
Monday's trading session did not introduce significant changes to the overall price level of GBP/USD, as banks in both the UK and the US were closed.
Bears took over the market on Monday, driven by political turmoil in Italy.
The NZD/USD currency pair was constrained by upside risks on Friday trading session. Nevertheless, the gains were stopped by the weekly pivot point at the 0.6964 regions.
Strong upside momentum continues to dominate the US Dollar against the Canadian Dollar, as the pair has been supported by the 55– hour simple moving average since last week.
The Australian Dollar spent the first half of Monday's session calmly, as the rate was pushed back by the monthly pivot point at 0.7579. Also, the exchange rate has been bouncing between the upper and lower boundaries of a medium-term triangle pattern.
The common European currency remained stable against the Japanese Yen for the third consecutive trading session on Monday.
After reaching the upper boundary of a two-month channel down and its weekly high at 1,310.00 mid-Friday, the yellow metal began depreciating against the US Dollar as a result of which it was trading at the 100-hour SMA early this morning.
The US Dollar was trading sideways against the Japanese Yen on Friday.
The 55-hour SMA continued to provide downward pressure for GBP/USD as a result of which the Pound fell down to a fresh six-month low at 1.33 late on Friday.
The 55-hour SMA was the main driving force for EUR/USD on Friday, thus allowing bears to continue dominating in the market.
The previously drawn junior pattern guided the surge of the NZD/USD only for a short time. The rate passed the support of the junior ascending channel after making a second attempt.
The US Dollar managed to pass the recently discovered dominant patterns resistance line against the Canadian currency. However,
The previously described scenario on Thursday had became reality on the AUD/USD. Namely, the currency exchange rate had managed to pass the various resistance levels that surrounded the 0.7570 mark.
The common European currency on Friday remained against the Japanese Yen near the lower trend line of the dominant channel down pattern. However, it had made one failed attempt to pass the support.
As previously expected, the 200-hour SMA and the upper boundary of the short-term wedge surrendered mid-Thursday, driven by strong two-hour surge until the 1,305.00 mark.