The GBP/USD managed to pass the resistance of the weekly R1 on Thursday. On Friday morning, the GBP had extended its gains against the USD, as the rate had reached above the weekly R2 simple pivot point and the 1.4000 mark. By reaching above the weekly R2 simple pivot point, the rate had no technical resistance as high as the weekly
On Friday morning, the EUR/USD passed the resistance of the weekly simple pivot point and the 100 and 200-hour simple moving averages, which were located near the 1.2100 level. In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.2175. In addition, note that the 1.2180 level should provide
The New Zealand Dollar surged by 42 pips or 0.58% against the US Dollar on Thursday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The US Dollar declined by 52 pips or 0.41% against the Canadian Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.
The Australian Dollar fell by 46 pips or 0.60% against the US Dollar on Thursday. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
The single European currency surged by 46 pips or 0.36% against the Japanese Yen on Thursday. The currency pair tested a resistance cluster at 127.83 during yesterday's trading session.
The XAU/USD exchange rate has revealed a medium-term falling wedge pattern.
Yesterday, the USD/JPY currency pair failed to exceed the 106.20 level.
During today's morning, the GBP/USD exchange rate was testing the weekly R1 at 1.3923.
During Wednesday morning hours, the EUR/USD currency pair bounced off the weekly S1 at 1.2045.
The New Zealand Dollar declined by 47 pips or 0.66% against the US Dollar on Wednesday. The currency pair tested the 0.7160 level during yesterday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Wednesday. The currency pair made about 35 pips or 0.29% movement during yesterday's trading session.
The Australian Dollar declined by 46 pips or 0.59% against the US Dollar on Wednesday. The decline was stopped by the weekly pivot point at 0.7727 during yesterday's trading session.
The common European currency declined by 98 pips or 0.76% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average at 127.88 during yesterday's trading session.
The XAU/USD exchange rate has declined to the 1,785.00 mark.
The USD/JPY currency pair has touched the psychological level at 106.20.
During Wednesday morning hours, the GBP/USD exchange rate was testing the support provided by the 100-hour SMA near 1.3870.
The EUR/USD currency pair has declined below the 1.2080 level.
The New Zealand Dollar has declined by 88 pips or 1.22% against the US Dollar since Tuesday's trading session. A breakout occurred through the lower line of an ascending channel pattern on Tuesday.
Upside risks dominated the US Dollar against the Canadian Dollar Tuesday. The USD/CAD currency pair has surged by 105 pips or 0.83% since yesterday's trading session.
The Australian Dollar fell by 55 pips or 0.70% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average at 0.7774 during yesterday's trading session.
The common European currency rose by 49 pips or 0.38% against the Japanese Yen on Tuesday. The currency pair tested the upper line of an ascending channel pattern at 128.40 during Tuesday's trading session.
Since Monday, the XAU/USD exchange rate has been consolidating in the 1,820.00 area.
During today's morning, the USD/JPY currency pair bounced off the weekly R1 at 105.62.