A resistance cluster formed by the combination of the weekly and the monthly pivot points restricted the upside movement of the New Zealand Dollar against the US Dollar on Thursday.
The US Dollar traded sideways movement against the Canadian Dollar on Thursday. The 50-hour simple moving average provided resistance for the currency pair at 1.3250 during Thursday's trading session.
The Australian Dollar has continued to gain strength against the US Dollar. The currency pair appreciated about 49 base points during the previous trading session.
The common European currency has continued to trade sideways against the Japanese Yen for the second consecutive trading session. The 200-hour simple moving average provided support for the currency pair at 124.50 during Thursday's trading session.
The New Zealand Dollar appreciated about 79 base points against the US Dollar on Wednesday. The currency pair breached a resistance cluster formed by the monthly and the weekly pivot points at 0.6795 during Wednesday's trading session.
The US Dollar has continued to trade in a narrow descending channel against the Canadian Dollar. The decline was temporary stopped by the weekly support level at 1.3181 on Wednesday.
The 50-hour simple moving average has been guiding the Australian Dollar higher against the US Dollar. The SMA provide support for the currency pair at 0.7156 during Wednesday's trading session.
The single European currency traded sideways against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of a medium-term descending channel at 125.00 during yesterday's trading session.
The New Zealand Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair breached the 50-hour simple moving average at 0.6745 during the end of Tuesday's trading session.
The US Dollar edged lower about 78 base points against the Canadian Dollar on Tuesday. The currency pair dashed through a support cluster at 1.3279 during the previous trading session.
Positions Today Yesterday % Change Longs 64% 58% 9.38% Shorts 36% 42% -16.67% Indicator 4H 1D 1W MACD
The common European currency traded with low volatility against the Japanese Yen on Tuesday. The currency pair was bouncing between the 50– and 200-hour SMAs during yesterday's trading session.
The New Zealand Dollar continued to trade in a junior ascending channel pattern against the US Dollar on Monday. However, the situation changes during the first half of today's session, as the currency pair breached the bottom border of the channel pattern at 0.6739.