Upside risks prevailed in the market on Wednesday, thus allowing the New Zealand Dollar to gain about 80 base points or 1.21% against the US Dollar. The currency pair tested the upper boundary of a one-week ascending channel yesterday.
The USD/CAD currency pair broke out through the lower boundary of a dominant ascending channel at 1.2940 during the previous trading session.
The AUD/USD currency pair appreciated by 60 base points on Wednesday. The rate tested a resistance line formed by the monthly pivot point at 0.7275 during the end of the previous trading session.
No significant changes occurred to the single European currency against the Japanese Yen on Wednesday. The currency pair traded along the 50-hour simple moving average at 131.12.
The New Zealand Dollar appreciated 0.70% against the US Dollar on Tuesday. The currency pair breached the weekly pivot point near 0.6595 during the end of the previous trading session.
Bearish sentiment dominated the USD/CAD exchange rate on Tuesday, thus sending the US Dollar to declined about 90 base points against the Canadian Dollar. The pair breached the monthly support level and the 50-hour simple moving average at the 1.3036 mark during the previous session.
Bullish sentiment dominated the AUD/USD currency pair on Tuesday, thus sending the Australian Dollar to surged 1.03% against the US Dollar. The pair breached the weekly resistance level at 0.7222 during the end of yesterday session.
The common European currency appreciated by 105 base points against the Japanese Yen on Tuesday. The currency pair was guided higher by the 50-hour simple moving average.
Upside risks prevail in the market on Monday, thus allowing the New Zealand Dollar to gain 57 base points against the US Dollar. The currency pair breached the weekly resistance level at 0.6595 during the first part of Tuesday's session.
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.