GBP/USD continued to strengthen for the third consecutive session on Monday.
The Euro was able to appreciate against the Greenback during the first part of Monday, with gains being capped at the 1.20 mark.
By the middle of the European trading session on Monday, the New Zealand Dollar has revealed a new ascending channel against the US Dollar. Though, that does not automatically indicate that the pair should surge within the next 24hrs.
The US Dollar continues to depreciate against the Canadian Dollar for the third consecutive trading session. The pair had a slight period of consolidation during the middle of European session on Monday.
The AUD/USD exchange rate did not introduce any significant change during Friday's trading session. The currency pair bounced off the lower boundary of a one-week ascending channel and has remained trading along the pattern.
The EUR/JPY currency pair has been moving in a narrow ascending channel since early May. The Euro bounced off the lower boundary of a junior channel on May 8 and has since surged against the Japanese Yen.
Similarly to other major pairs against the US Dollar, XAU/USD showed no massive changes to its position during the previous trading session.
As apparent on the chart, the USD/JPY exchange rate remained stable on Friday and fluctuated in a narrow range between the 50.0% Fibonacci retracement and the 100– and 200-hour simple moving averages.
The Sterling has been trading in a channel down against the US Dollar since early May.
The EUR/USD exchange rate has managed to uphold its upward momentum since last Wednesday.
The New Zealand Dollar remained stable and gradually moving north against the US Dollar. During the middle of Friday's trading session, the exchange rate tested the upper boundary of a channel down.
The US Dollar spent Thursday's trading session with low volatility against its Canadian counterpart. The currency pair was pressured south by the weekly pivot point at 1.2794.
The AUD/USD currency pair continued to appreciate on Friday with high volatility as the previous sessions. A breakout had occurred through the upper boundary of a dominant descending channel.
The single European currency was pressured by bullish sentiment on Thursday. As a result, the exchange rate breakout from the 100– hour simple moving average and the monthly pivot point at 130.10.
The yellow metal strengthened against the US Dollar for the second consecutive session on Thursday.
The weekly R1 at 109.90 proved to be an unbreakable resistance for USD/JPY during the previous session; thus, the pair was pressured down to the bottom boundary of a five-week channel.
GBP/USD's movement was driven by fundamental events on Thursday.
The Euro managed to maintain its upward movement against the US Dollar and consequently breach the 100-hour SMA on Thursday.
Bears continue their dominance over the NZD/USD currency pair. As shown on the chart, the exchange rate has breached both the monthly and the weekly pivot points near the 0.6929 area.
The failure for bulls to gain strength on Wednesday has an impact on the USD/CAD currency pair. The first part of the day introduces no significant changes to the overall price level.
Bulls managed to regain control of the market on Wednesday. By the end of trading day, the Australian Dollar has accumulated 54 base point, (0.75%) against the US Dollar.
The common European currency has been gradually moving upward against the Japanese Yen since the last two days. This move was supported by the 55– hour simple moving average.
High volatility was apparent for the XAU/USD pair on Wednesday.
The strong two-hour surge on Wednesday morning was followed by a period of consolidation slightly below the weekly R1.