On Wednesday, the EUR/USD currency pair re-tested the upper boundary of the short-term ascending channel. During today's morning, the pair was testing the lower channel line near 1.0800.
The New Zealand Dollar declined by 104 pips or 1.71% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern on Thursday morning.
The US Dollar surged by 99 pips or 0.71% against the Canadian Dollar on Wednesday. The currency pair tested the upper boundary of a dominant descending channel pattern at 1.4102 during yesterday's trading session.
The Australian Dollar declined by 78 pips or 1.20% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 0.6419 during the Asian session on Thursday.
The common European currency declined by 68 pips or 0.58% against the Japanese Yen on Wednesday. A breakout occurred through the lower boundary of an ascending at 116.20 during yesterday's trading session.
On Tuesday, the XAU/USD exchange rate failed to surpass the 1,710.00 level. During today's morning, the rate was testing the lower line of the ascending triangle pattern.
Yesterday, the USD/JPY currency pair traded downwards. During Wednesday morning, the pair declined to the 107.00 mark.
Yesterday, the GBP/USD exchange rate declined to the 1.2260 level. During Wednesday morning, the rate was trying to surpass the weekly and monthly S1s at 1.2290.
On Tuesday, the EUR/USD currency pair revealed a short-term ascending channel. During today's morning, the pair was testing the support formed by the 55– and 100-hour SMAs near 1.0830.
The New Zealand Dollar has declined by 117 pips or 1.91% against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Wednesday.
The USD/CAD currency pair bounced off a support level formed by the 50– hour simple moving average on Tuesday.
During the first half of Tuesday's trading session, the Australian Dollar surged by 88 pips or 1.36% against the US Dollar. However, the currency pair yielded the earlier gains at the end of the session.
The 50– hour simple moving average guided the EUR/JPY currency pair on Tuesday. The exchange rate tested the upper border of an ascending channel pattern at 116.83 during Tuesday's trading session.
On Monday, the XAU/USD exchange rate re-tested the lower line of the ascending triangle pattern in the 1,695.00 area. During today's morning, the rate reversed north.
Yesterday, the USD/JPY currency pair raised to the resistance level formed by the weekly R1 and the monthly PP at 107.65. During Tuesday morning, the pair reversed south.
Yesterday, the GBP/USD exchange rate tested the support formed by the weekly and monthly S1s at 1.2290. During Tuesday morning, the rate was trading at 1.2320.
On Monday, the EUR/USD currency pair declined to the 1.0800 level. During today's morning, the pair reversed north.
The New Zealand Dollar surged by 95 basis points or 1.54% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Tuesday.
The US Dollar surged by 128 basis points or 0.92% against the Canadian Dollar on Monday. The currency pair breached weekly pivot point at 1.4001 during Monday's trading session.
The Australian Dollar declined by 86 basis points or 1.31% against the US Dollar on Monday. The 100– and 200– hour SMAs provided support for the currency pair during yesterday's trading session.
The common European currency surged by 64 basis points or 0.55% against the Japanese Yen on Monday. The currency pair was pressured up by the 200– hour simple moving average during yesterday's trading session.
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. On Friday, the rate tested the upper pattern line at 1,722.00. During today's morning, the rate reversed south from the given line.
During the previous trading session, the USD/JPY currency pair breached the falling wedge pattern north. During Monday morning, the pair surpassed the weekly R1 at 107.20.
At the end of last week, the GBP/USD exchange rate failed to exceed the 200-hour SMA near 1.2450. During Monday morning, the rate touched 1.2350.