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.
On Friday, the New Zealand Dollar declined by 70 pips or 1.18% against the US Dollar. The decline began after the exchange rate tested a resistance cluster formed by the 50– and 200– hour SMAs at 0.5917.
The US Dollar surged by 155 pips or 1.10% against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.
The Australian Dollar declined by 88 pips or 1.45% in value against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
The common European currency has surged by 132 pips or 1.13% in value against the Japanese Yen since Friday's trading session.
On Thursday, the XAU/USD exchange rate raised to the 1,610.00 level. During today's morning, the rate was consolidating at the given level.
Yesterday, the USD/JPY currency pair tried to exceed the 108.00 level. During Friday morning, the pair surpassed the given mark.
Yesterday, the GBP/USD exchange rate continued to trade sideways in the 1.2400 area. During Friday morning, the rate pierced the support level—the monthly PP at 1.2345.
On Thursday, the EUR/USD currency pair declined to the 1.0850 level. During today's morning, the pair was broke the support level—the weekly S1 at 1.0805.
The junior descending channel has continued to pressure the New Zealand Dollar lower against the US Dollar. The currency pair has declined by 95 basis points or 1.59% in value since yesterday's trading session.
During the first half of Thursday's trading session, the US Dollar surged by 191 basis points against the Canadian Dollar. However, the currency surrendered the entire gains by the end of the session.