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.
Downside risks dominated the NZD/USD currency pair on Thursday, thus allowing the pair to reach the support cluster formed by the 55–, 100-hour SMAs and the weekly S1 near 0.6587.