NZDJPY has been in a downtrend on its 1-hour forex chart, as a descending trend line can be drawn to connect the recent highs.
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The US dollar continued to climb against its counterparts, as traders piled on their long positions after seeing the strong NFP report.
GBPJPY showed increased downside momentum recently, as price broke below a major support zone and dipped close to the 181.00 mark.
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The US dollar staged a strong rally against its currency counterparts after the US NFP report came in stronger than expected.
USDJPY broke above the ascending triangle resistance on its 1-hour chart and confirmed the bullish momentum for the pair.
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The US dollar advanced against most of its counterparts as risk aversion stayed in the markets yesterday.
USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart.
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The US dollar continued to advance against most of its currency counterparts, despite mixed data from the US economy.
USDCAD is gearing up to test the bottom of its descending triangle pattern once more, after finding resistance around the 1.2500 levels.
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The US dollar consolidated against most of its counterparts, as traders hesitated to take huge positions ahead of the upcoming NFP release.