On Wednesday, the EUR/USD currency pair breached the rising wedge pattern south. During today's morning, the pair was trading at 1.0880.
Downside risks have dominated the New Zealand Dollar against the US Dollar since yesterday's trading session. The exchange rate fell by 152 basis points or 2.48% on Wednesday.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair surged by 253 basis points or 1.83% during yesterday's trading session.
The Australian Dollar fell by 150 basis points or 2.33% against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.
The common European currency declined by 94 basis points or 0.80% against the Japanese Yen on Wednesday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Yesterday, the XAU/USD exchange rate touched the 1,740.00 level. During Wednesday morning, the rate reversed south.
On Tuesday, the USD/JPY currency pair revealed a short-term descending channel. During today's morning, the pair reversed north from the lower channel line.
Yesterday, the GBP/USD exchange rate tested the Fibo 61.80% at 1.2646. During Wednesday morning, the rate was testing the 100-hour SMA near 1.2500.
During Tuesday morning, the EUR/USD currency pair traded within the rising wedge pattern. During today's morning, the pair was testing the lower pattern line.
The New Zealand Dollar has declined by 110 pips or 1.79% against the US Dollar since Tuesday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Tuesday.
Since Tuesday's trading session, the US Dollar has surged by 127 pips or 0.92% against the Canadian Dollar. The exchange rate has breached the 50-, 100– hour SMAs during this period.
The Aussie Dollar surged by 69 pips or 1.09% against the US Dollar on Tuesday. The 50– hour SMA continued to pressure the currency pair higher during yesterday's session.
The 200– hour simple moving average provided resistance for the EUR/JPY currency pair on Tuesday. As a result, the common European currency declined by 49 pips or 0.42% against the Japanese Yen.
As apparent on the chart, the XAU/USD exchange rate has reached the 1,720.00 level. During today's morning, the rate was testing the given level.
During the last trading days, the USD/JPY currency pair declined to the support level – the weekly S2 at 107.53. During Tuesday morning, the pair broke the given support.
As apparent on the chart, the GBP/USD exchange rate has exceeded the 1.2500 level. During today's morning, the rate was testing the resistance level—the weekly R1 at 1.2576.
During the previous trading session, the EUR/USD currency pair revealed a rising wedge pattern. During Tuesday morning, the pair was trading near its lower line at 1.0920.
The New Zealand Dollar has surged by 71 basis points or 1.17% against the US Dollar since Monday's trading session.
The US Dollar declined by 130 basis points or 0.93% against the Canadian Dollar on Monday. The currency pair was pressured lower by the 50– and 100– hour SMAs during yesterday's trading session.
The 50– hour simple moving average has been guiding the Australian Dollar higher against the US Dollar since March 6. The currency pair surged by 75 basis points or 1.18% during yesterday's trading session.
The Eurozone single currency has declined by 141 basis points or 1.19% against the Japanese Yen since Friday's trading session. The currency pair tested the weekly S1 at 117.37 on Monday.
On Wednesday, the XAU/USD exchange rate consolidated at the 1,650.00 level. During today's morning, the rate raised to the 1,660.00 mark.
Yesterday, the USD/JPY currency pair consolidated in the 108.80 area. During Thursday morning, the pair maintained its consolidation.
Yesterday, the GBP/USD exchange rate breached the short-term descending channel north. During Thursday morning, the rate was testing the resistance formed by the Fibo 50.00% and the weekly R1 at 1.2420.