The NZD/USD pair bounced off from a support level formed by the 200– hour simple moving average at 0.5945 on Wednesday. As a result, the currency pair surged by 95 basis points or 1.43% during yesterday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Wednesday. The USD/CAD currency pair consolidated near the 1.4019 area during yesterday's trading session.
The AUD/USD pair bounced off from the lower boundary of an ascending channel pattern at 0.6119 on Wednesday. As a result, the currency pair surged by 113 basis points or 1.84% during yesterday's trading session.
The common European currency remained stable against the Japanese Yen on Wednesday. The currency pair consolidated below the 118.50 area during yesterday's trading session.
On Tuesday, the XAU/USD failed to surpass the 1,670.00 level. During today's morning, the rate was trading at the 1,650.00 level.
Yesterday, the USD/JPY currency pair breached the rising wedge pattern south. During Wednesday morning, the pair was trading in the 108.90 area.
Yesterday, the GBP/USD exchange rate broke the short-term descending channel. However, during Wednesday morning, the rate revealed new short-term descending channel.
On Tuesday, the EUR/USD currency pair revealed a medium-term descending channel and re-tested the upper channel line. During today's morning, the pair was trading along the given line.
The New Zealand Dollar surged by 75 pips or 1.27% against the US Dollar during the first part of Tuesday's trading session. However, the exchange rate surrendered the gains by the end of the session.
The US Dollar declined by 162 pips or 1.15% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of a dominant ascending channel pattern at 1.3950 during yesterday's trading session.
During the first half of Tuesday's trading session, the Australian Dollar surged by 104 pips or 1.70% against the US Dollar. However, the currency pair yielded the earlier gains by the end of the session.
The common European currency surged by 143 pips or 1.22% against the Japanese Yen on Tuesday. The currency pair tested the psychological resistance level at 119.00 during yesterday's trading session.
Yesterday, the XAU/USD exchange rate raised to the 1,670.00 level. During Tuesday morning, the rate was trading at 1,660.00.
On Monday, the USD/JPY currency pair tried to surpass the resistance level formed by the weekly R1 at 109.24. During today's morning, the pair was trading near the given level.
Yesterday, the GBP/USD exchange rate tried to surpass the weekly PP at 1.2318. During Tuesday morning, the rate tested the upper boundary of the short-term descending channel.
On Monday, the EUR/USD currency pair was consolidating in the 1.0800 area. During today's morning, the pair raised to the resistance formed by the Fibo 23.60% and the weekly PP in the 1.0900 area.
Upside risks have been dominating the New Zealand Dollar against the US Dollar since yesterday's trading session. The currency pair has surged by 167 basis points or 2.85% since the previous session.
Since Monday's trading session, the US Dollar has declined by 244 basis points or 1.71% against the Canadian Dollar. The currency pair breached the 50-, 100– and 200– hour SMAs on Monday.
The Australian Dollar has surged by 190 basis points or 3.17% against the US Dollar since Monday's trading session. A breakout occurred through the upper boundary of a descending channel pattern on Tuesday morning.
The Eurozone single currency traded sideways against the Japanese Yen on Monday. The currency pair consolidated above the 50– and 100– hour SMAs at 117.53 during yesterday's trading session.
During the previous trading session, the XAU/USD exchange rate consolidated in the 1,620.00 area. During Monday morning, the rate raised to the local resistance level at 1,640.00.
On Friday, the USD/JPY currency pair traded upwards. During today's morning, the pair raised to the resistance formed by the Fibo 23.60% and the weekly R1 in the 109.30 area.
At the end of last week, the GBP/USD exchange rate dropped to the support provided by the 200-hour SMA in the 1.2235 area. During Monday morning, the rate reversed north.
On Friday, the EUR/USD currency pair consolidated in the 1.0800 area. During today's morning, the pair maintained its consolidation.