The US dollar continued to rake in gains earlier in the day but wound up retreating on profit-taking.
EURUSD has been trending higher on its 4-hour chart, moving inside an ascending channel pattern and currently testing resistance.
The US dollar advanced against most of its forex peers despite downbeat housing data, as traders seem to be reacting to market sentiment.
AUDUSD has been trending lower on its 1-hour time frame, moving inside a descending channel formation.
The US dollar was mostly stronger in recent trading, except against the British pound.
EURGBP has been moving in an ascending channel visible on its longer-term time frames and is just testing the resistance.
The US dollar had a mixed performance as there were no major reports on deck.
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal.
The US dollar was able to regain ground against its peers on Friday, despite the lack of top-tier data from the US economy.
EURUSD is on an uptrend on its 4-hour time frame, moving above an ascending trend line and getting ready to test support.