The New Zealand Dollar depreciated about 58 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the weekly pivot point at 0.6795. Today's session began with an upward movement.
The US Dollar appreciated about 71 base points against the Canadian Dollar on Wednesday. The currency pair bounced off from the lower boundary of a junior ascending channel at 1.3200 during yesterday's trading session.
During Wednesday's trading session, the Australian Dollar depreciated about 50 base points against the US Dollar. The decline was stopped by a support level formed by the combination of the 50– and 100-hour SMAs at 0.7093.
The single European currency depreciated about 63 base points against the Japanese Yen on Wednesday. The decline was stopped by a support cluster formed by the combination of the weekly and the monthly PPs at 125.00.
The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the situation where different during the Asian session on Thursday. The currency pair gained about 1.8-% of its values.
The US Dollar edged lower on Tuesday. The decline began after the currency pair tested a traditional monthly pivot point at 1.3302. As a result, a breakout through the lower boundary of an ascending channel pattern occurred.
The Australian Dollar appreciated about 44 base points against the US Dollar on Tuesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's session.
The common European currency appreciated about 79 base points against the Japanese Yen on Tuesday. The currency pair has revealed a new junior ascending channel pattern.
Bearish sentiment dominated the Australian Dollar against the US Dollar on Monday. As a result, the currency pair breached the lower boundary of a medium-term ascending channel at 0.7082.
The New Zealand Dollar depreciated about 50 base points against the US Dollar on Monday. The currency pair breached the 50-hour simple moving average during yesterday's trading session.
A resistance level set by a traditional monthly pivot point near the 1.3302 area hindered the US Dollar from gaining further strength against the Canadian Dollar on Monday.
A breakout occurred through the upper boundary of a junior descending channel pattern on Monday. The single European currency gained about 0.40% in values against the Japanese Yen.
The yellow metal's price managed to break the resistance of simple moving hourly averages on Friday. However, on Monday the metal's price ignored the support of these levels and declined down to 1,310.00.