The 50– hour simple moving average pressured the New Zealand Dollar lower against the US Dollar on Tuesday. The currency pair declined by 168 basis points or 2.76% in value during yesterday's trading session.
During yesterday's trading session, the US Dollar surged by 295 basis points or 2.11% in value against the Canadian Dollar. The currency pair breached the weekly R2 at 1.4248 on Tuesday.
The Australian Dollar declined by 187 basis points or 3.04% in value against the US Dollar. The 50– hour simple moving average continued to pressure the currency pair lower during yesterday's trading session.
The common European currency declined by 222 basis points or 1.85% in value against the Japanese Yen on Tuesday. The decline began after the currency pair failed to surpass the monthly pivot point at 119.64.
On Monday, the XAU/USD exchange rate touched the support level—the monthly S2 at 1,466.10. During today's morning, the rate was trading near the given level.
Yesterday, the USD/JPY currency pair dropped to the lower boundary of the short-term ascending channel at 105.80. During Tuesday morning, the pair was testing the resistance level—the Fibo 23.60% at 107.02.
Yesterday, the GBP/USD exchange rate declined below the 1.2300 level. During Tuesday morning, the rate declined to the support level formed by the monthly S3 at 1.2178.
On Monday, the EUR/USD currency pair tried to surpass the Fibo 38.20% at 1.1200. During today's morning, the pair declined to the 1.1100 level.
The New Zealand Dollar edged higher by 107 pips or 1.78% in value against the US Dollar on Monday. The currency pair tested the monthly support level at 0.6123 during yesterday's trading session.
The US Dollar surged by 221 pips or 1.60% in value against the Canadian Dollar on Monday. The currency pair tested the upper boundary of a long-term ascending channel pattern at 1.4024 on Monday.
The 50– hour simple moving average has continued to pressure the Australian Dollar lower against the US Dollar. The currency pair declined by 83 pips or 1.34% in value during yesterday's trading session.
During the first part of yesterday's trading session, the Eurozone single currency declined by 211 pips or 1.77% in value against the Japanese Yen
On Friday, the XAU/USD exchange rate declined to the 1,520.00 level. During today's morning, the rate dropped to the 1,480.00 mark.
During the previous trading session, the USD/JPY currency pair raised to the Fibo 38.20% at 108.44. During Monday morning, the pair declined to the 106.00 level.
On Friday, the GBP/USD exchange rate declined to the 1.2300 level. During today's morning, the rate was testing the given level.
At the end of last week, the EUR/USD currency pair tried to surpass the Fibo 38.20% at 1.2000. During Monday morning, the pair was testing the upper boundary of the short-term descending channel.
The New Zealand Dollar declined by 127 basis points or 2.06% in value against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average.
The US Dollar declined by 193 basis points or 1.38% in value against the Canadian Dollar on Friday.
The Australian Dollar has continued to edge lower against the US Dollar since Friday's trading session. The currency pair declined by 181 basis points or 2.87% in value on Friday.
The single European currency surged by 325 basis points or 2.78% in value against the Japanese Yen on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
On Thursday, the XAU/USD exchange rate dropped to the 1,560.00 level. During today's morning, the rate was trading in the 1,580.00 area.
Yesterday, the USD/JPY currency pair raised to the 105.50 level. During Friday morning, the pair raised to the resistance level formed by the weekly PP and the monthly S1 at 106.32.
Yesterday, the GBP/USD exchange rate declined to the weekly S3 at 1.2531. During Friday morning, the rate reversed north.
On Thursday, the EUR/USD currency pair tested the support level formed by the weekly S1 at 1.1097. During today's morning, the pair tested the resistance formed by the Fibo 23.60% and the weekly PP at 1.1220.