Currency Pair Overview

Latest Forex updates say that on Thursday, the Euro (EUR/USD) was not able to build up a clear way throughout the overnight session, although the pair had a 90-pip range. In the second part of the European session, the Pound (GBP/USD) saw very little movement when the pair’s volume improved considerably.

The only pairs that did not trade side-ways during the overnight session on Thursday was the Aussie (AUD/USD), showing a 70-pip drop.

The Cad (USD/CAD) did business in a 60-pip range throughout the Thursday trading hours, but ultimately broke the range’s support level during the late U.S. session. The Swissy (USD/CHF) dealt similar with the Euro in the earlier day of trading, on Thursday.

On Thursday the Yen (USD/YEN) increases in the last five days of trading, for the first time. The 100-day average moving facilitated the pair going forward, performing as a powerful support area, in addition to the positive U.S. equity market.