Following a test of the junior channel, the Kiwi shifted its four-day bearish momentum and managed to move past the weekly S1, the 55-hour SMA and towards a massive resistance cluster formed by the 100– and 200-hour SMAs circa 0.6910.
The US Dollar was fluctuating with no distinctive direction against the Loonie, as the pair remained near the 55-, 100–, 200-hour SMAs, the weekly and monthly PPs on Tuesday.
AUD/USD was stranded between the 55-hour SMA and the weekly S1 on Tuesday.
The common European currency strengthened substantially against the Yen on Tuesday, thus resulting in a 121-pip increase in price.
In first of yesterday's trading session the exchange rate made left the junior ascending triangle pattern in southern direction amid strong pressure from the 55- and 200-hour SMAs.
As it was expected, the currency exchange rate failed to climb above combined resistance formed by the 200-hour SMA and the weekly PP at 113.80.
A release of latest update on the British inflation sent the cable to test support zone near the weekly S1 at 1.3090.
Due to release of much better than expected German GDP data the currency exchange rate not only left the junior rising wedge formation but also managed to break through the upper resistance line of a three-month long dominant descending channel.
The strong resistance of the 100-hour SMA and the weekly PP sent NZD/USD for a breakout of the medium-term ascending channel mid-Monday.
The USD/CAD exchange rate continues to trade in line with a descending channel.
The Aussie was moving sideways against the US Dollar last week.
After reaching the lower channel boundary circa 131.90 on Wednesday, EUR/JPY was dominated entirely by bulls.
Early hours of this trading session showed that yesterday's attempt to return the price of yellow metal back to the pre-fall 1,283.90 level failed.
In result of the previous trading session previously dominant descending channel ceased to exist, as the currency rate broke through its upper boundary that was additionally protected by the 100-hour SMA.
As it was expected, recovery of the Pound after rapid fall on Monday was neutralized by a combination of the 55-, 100- and 200-hour SMAs.
In line with expectations, the common European currency continues to advance against the Dollar in one-week long ascending channel.
The New Zealand Dollar was guided by the 55-hour SMA on Friday which lead the pair towards the 0.6950 area.
Friday's trading session marked no changes for USD/CAD, as the rate remained in the 1.2960/67 area for the whole session.
Bears were the dominant force for AUD/USD during Friday, as neither of the three SMAs were able to diminish its intraday losses.
EUR/JPY breached a medium-term descending channel on Friday and was set for a further movement north.
The exchange rate dropped by almost 1.1% on Friday in result of 10 minutes trade that moved about 4 million ounces of the precious metal.
During previous trading session the currency exchange rate expectedly approached and made a rebound from the upper-boundary of the current descending channel.
A release of better than expected growth rate of the UK Manufacturing Production created an upside momentum that enabled the pair to return back to the 1.3228 level.
Despite a positive perception of ideas expressed by the US President Donald Trump at the ASEAN summit the Dollar is continuing to lose value against the Euro in a one-week long ascending channel.