The US Dollar appreciated by 62 base points against the Canadian Dollar on Monday. The currency pair breached the monthly pivot point at 1.3036 during the end of the previous trading session.
The AUD/USD currency pair managed to regain some ground following a reversal from the medium-term and the weekly pivot point at 0.7156. Presently, the Australian Dollar versus the US Dollar is moving towards the weekly resistance level at 0.7228.
Bulls and bears pushed the Euro on Monday trading session. Bullish traders pushed the rate toward the upper boundary of a dominant descending channel. However, after piercing the dominant channel pattern at 131.00, the currency pair made a U-turn south.
Downside momentum dominated the NZD/USD exchange rate on Friday. The pair plunged by 53 pips during the end of the previous trading session.
The US Dollar surged by 74 base points against the Canadian Dollar on Friday. A resistance level formed by the 100-hour simple moving average at 1.3041 stop the bullish momentum.
Downside risks prevailed in the market on Friday, thus sending the AUD/USD currency pair to plummet by 0.97%.
The single European currency depreciated about 91 base points against the Japanese Yen on Friday. Moreover, the exchange rate breached the 50-hour simple moving average and also tested the lower boundary of the channel pattern during the end of the previous trading session.
The New Zealand Dollar versus the US Dollar has revealed a new junior ascending channel on Thursday. The exchange rate broke the medium-term descending channel yesterday.
No significant changes were introduced to the USD/CAD currency pair position on Thursday. The US Dollar continued to move sideways against its Canadian counterpart.
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.