The US Dollar has been trading in an ascending channel against the Singapore Dollar.
The New Zealand Dollar has gained momentum against the Swiss Franc since May 29.
The common European currency has been confined by two months descending channel against the Australian Dollar. This pattern was formed on April 24 and has since guided the pair lower to a six-month low level.
Following up on last week analysis for the EUR/CAD currency pair. Bulls took control of the market as expected and as a result, the exchange rate broke out through the upper boundary of a descending pattern.
The common European currency has weakened against the Norwegian Krone following a retracement from the breached senior channel near 9.71 early in May.
TRY/JPY is trading in two patterns simultaneously.
The single European currency has continued to be trading in several channels against the Pound Sterling. Meanwhile, a new junior ascending channel has been spotted as can be observed on the chart.
The US Dollar has been driven by strong downside movement against the Swiss Franc since early May and thus fell by 2.70%. This bearish sentiment began after the exchange rate hit the upper boundary of a dominant ascending channel.
The US Dollar spiked significantly against the Turkish Lira late in May as a result of which it surged up to a many-year high of 4.90.
The US Dollar began accelerating against the Polish Zloty mid-April.
GBP/CAD has been moving in a descending channel during the past two months. Within this period, the currency pair has tested the upper boundary of the prevailing pattern three times.
The GBP/AUD currency pair has been guided by a two-month descending channel. This pattern was formed on April 26 and has driven the rate lower toward the bottom boundary of an ascending channel.
USD/THB has been trading in a range since early May in between two long-term channels.
The US Dollar has strengthened significantly against the South African Rand since late February.
The Australian Dollar has been constrained by two opposite channels against the Canadian Dollar. The most important of which is the junior ascending pattern which was formed on May 9.
Upside risks have dominated the Australian Dollar against the Japanese Yen, thus allowing the currency pair climbing 350-pips or 4.32% within a couple of days.
The Australian Dollar has been trading sideways against the Swiss Franc for the last two months.
The Euro strengthened significantly against the Russian Ruble mid-April.
The Canadian Dollar bounced off the bottom boundary of a junior ascending channel against the Japanese Yen at the end of May. As a result, the currency pair has formed a new channel up.
Following a reversal from the upper boundary of a dominant ascending channel on May 18, The Canadian Dollar began a new journey south against the Japanese Yen.
After testing the senior channel near 0.9970 early in May, the Aussie gained momentum against the Singapore Dollar and began moving higher in an ascending channel.
The US Dollar has appreciated substantially against the Danish Krone during the past two months.
The movement of the single European currency against the Australian Dollar has been steered by two descending channels. The most recent pattern was formed on May 18.
The Eurozone single currency movement against the Canadian Dollar has been constrained by an eight-week descending pattern. The pair made a U-turn south after hitting the upper boundary of a channel down on March 20.