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.
On Wednesday, the EUR/USD currency pair tested the upper boundary of the medium-term descending channel. During today's morning, the pair broke the given level.
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.