Upside risks dominated the US Dollar against the Canadian Dollar on Friday. As a result, a breakout through the upper boundary of a descending channel pattern occurred during Friday's trading session.
On Monday, the USD/JPY traded above the 106.50 mark, which appeared to be providing support to the rate. In the meantime, it has to be taken into account that the rate was supported on Friday by the 55-hour simple moving average, as it pushed the USD/JPY up. In the near term future, the rate was expected to trade sideways until the
On Monday, the GBP/USD currency exchange rate was testing the resistance of the 1.4000 mark. Meanwhile, a cluster of technical resistance levels was located just above the 1.4000 mark. In the case of the 1.4000 mark being passed, the pair could reach for the 55 and 200-hour SMAs and the weekly simple pivot point in the 1.4015 to 1.4025. If
On Monday morning, the EUR/USD currency exchange rate was recovering from the Friday's low level of 1.2065. During the early hours of European trading, the rate was testing the resistance of the 1.2100 mark. If the currency rate manages to pass the resistance of the 1.2100 mark, the pair could reach for the resistance of the weekly simple pivot point
Downside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency pair declined by 155 pips or 1.97% during Friday's trading session.
The common European currency declined by 81 pips or 0.63% against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average at 129.11 during Friday's trading session.
During Friday morning hours, the XAU/USD exchange rate was testing the lower boundary of the falling wedge pattern.
On Thursday, the USD/JPY currency pair exceeded the weekly R1 located at 106.17.
The GBP/USD exchange rate has declined to the 1.3900 level.
Yesterday, the EUR/USD currency pair reversed south from the psychological level at 1.2240.
The New Zealand Dollar has declined by 122 pips or 1.64% against the US Dollar since yesterday's trading session The currency pair tested the lower line of an ascending channel pattern at 0.7353 on Friday morning.
The US Dollar has surged by 161 pips or 1.30% against the Canadian Dollar since Thursday's trading session. The currency pair tested the 200– hour simple moving average at 1.2616 on Friday morning.
The Australian Dollar has declined by 195 pips or 2.44% against the US Dollar since yesterday's trading session. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Friday.
During the first half of yesterday's trading session, the common European currency surged by 98 pips or 0.76% against the Japanese Yen. However, the currency pair erased the earlier gains by the end of the session.
Yesterday, the XAU/USD exchange rate touched the 1,785.00 mark.
Since Wednesday afternoon, the USD/JPY currency pair has been testing the resistance level—the weekly R1 at 106.17.
Yesterday, the GBP/USD exchange rate failed to exceed the psychological level at 1.4200.
During Thursday morning hours, the EUR/USD currency pair jumped to the 1.2220 level.
The New Zealand Dollar surged by 126 pips or 1.73% against the US Dollar on Wednesday. The NZD/USD currency pair tested the upper line of an ascending channel pattern at 0.7450 during yesterday's trading session.
The US Dollar declined by 84 pips or 0.67% against the Canadian Dollar on Wednesday. A breakout occurred through the lower boundary of a descending channel pattern during yesterday's trading session.
The Australian Dollar surged by 76 pips or 0.97% against the US Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The common European currency surged by 74 pips or 0.58% against the Japanese Yen on Wednesday. The currency pair breached the upper line of an ascending channel pattern during yesterday's trading session.
Since Tuesday, the XAU/USD exchange rate has been consolidating in the 1,810.00 area.
During today's morning, the USD/JPY currency pair raised to the 105.80 level.