On Thursday, the EUR/USD currency pair consolidated in the 1.1220 area. During today's morning, the pair maintained its consolidation.
Yesterday, the XAU/USD exchange rate touched the 1,780.00 level and reversed south. During Thursday morning, the rate was trading at 1,765.00.
The USD/JPY currency pair declined to the support level— weekly S2 at 106.09 and reversed north. During today's morning, the pair was trading near the resistance level—the monthly PP at 107.33.
On Tuesday, the GBP/USD exchange rate breached the medium-term ascending channel north. As apparent on the chart, the rate reversed south from the 1.2540 mark.
On Tuesday, the EUR/USD currency pair breached the medium-term falling wedge pattern north. However, the pair failed to exceed the 1.1340 level and reversed south.
In the upcoming trading sessions on Tuesday and Wednesday, the metal was expected to trade sideways or surge.
The USD/JPY has continued to trade in the range between the 106.80 and 107.00 levels. In theory, any sideways trading ends. It can end by surging or declining.
In the near term future, the rate is expected to once again make an attempt to pass the support of the monthly simple pivot point at 1.2346.
During early Monday's GMT trading hours, the EUR/USD currency exchange rate bounced off the support of the lower trend line of a descending pattern. It resulted in a surge, which by the middle of the day's trading had reached above 1.1220.
Yesterday, the XAU/USD exchange rate re-tested the lower boundary of the medium-term ascending channel. During Friday morning, the rate reversed north.
On Thursday, the USD/JPY currency pair tried to breach the resistance provided by the 55-hour SMA. During today's morning, the pair continued to test the given resistance.
Yesterday, the GBP/USD exchange rate dropped to the support formed by the Fibo 50.00% and the weekly S1 at 1.2420. During Friday morning, the rate was testing the given level.
On Thursday, the EUR/USD currency pair declined to the lower line of the falling wedge pattern circa 1.1180. During today's morning, the pair reversed north.
The New Zealand Dollar declined by 42 points or 0.64% against the US Dollar on Thursday. The currency pair was pressured lower by the 50– and 100– hour SMAs during yesterday's trading session.
The US Dollar surged by 91 points or 0.67% against the Canadian Dollar on Thursday. The currency pair breached the upper line of a descending channel pattern during yesterday's trading session.
The Australian Dollar declined by 62 points or 0.90% against the US Dollar on Thursday. The currency pair was pressured lower by the 50– and 100– hour SMAs during Thursday's trading session.
The Eurozone single currency declined by 87 points or 0.73% against the Japanese Yen during Thursday's trading session.
Yesterday, the XAU/USD exchange rate revealed a medium-term ascending channel. During Thursday morning, the rate was trading at 1,730.00.
On Wednesday, the USD/JPY currency pair declined to the 106.80 level. During today's morning, the pair reversed north.
Yesterday, the GBP/USD exchange rate consolidated at the 1.2550 level. During Thursday morning, the rate maintained its consolidation.
On Wednesday, the EUR/USD currency pair declined to the 1.1220 level. During today's morning, the pair was trading at 1.1240.
The New Zealand Dollar has declined by 51 basis points or 0.78% against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Thursday morning.
The US Dollar surged by 77 basis points or 0.57% against the Canadian Dollar on Wednesday. The currency pair tested a psychological resistance level at 1.3600 during the Asian session on Thursday.
The Australian Dollar has declined by 73 basis points or 1.06% against the US Dollar on Wednesday.