The AUD/USD currency pair has revealed a new junior ascending channel pattern. The rate tested both the upper and lower boundaries of the junior ascending channel yesterday.
Strong bullish momentum guided the common European currency versus the Japanese Yen on Monday. The Euro breached the weekly resistance level at 130.72 by the end of yesterday session.
A strong support cluster formed by the combination of the weekly and the monthly pivot points at 0.6503 has helped push the New Zealand Dollar versus the US Dollar higher during the previous trading session.
The US Dollar has declined significantly against the Canadian Dollar during the last two trading sessions. This downside momentum began after the pair breached the 200-hour simple moving average at 1.3129.
The Australian Dollar versus the US Dollar has declined massively since the end of August. The currency pair pulls back from the upper boundary of a junior descending channel on August 29 and followed by a period of decline.
A one-week junior ascending channel has guided the movement of the Eurozone single currency against the Japanese yen. The currency pair bounced off its lower boundary on September 10 followed by a short-term upside wave.
The New Zealand Dollar consolidated against the US Dollar near 0.6520/40.
The USD/CAD currency pair re-tested the monthly R1 at the 1.3185 mark.
The AUD/USD currency pair consolidated near the psychological mark at 0.7120 yesterday.
The Japanese Yen depreciated 0.42% since Monday's trading session. The EUR/JPY exchange rate reached the Fibonacci 23.60% retracement at 129.67.