The New Zealand Dollar appreciated by 236 pips or 3.80% in value against the US Dollar on Monday. The currency pair tested a resistance cluster formed by the weekly R1 and the monthly R1 at 0.6434 during yesterday's trading session.
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Monday. The currency pair made about 180 pips or 1.35% in value during yesterday's trading session.
The Australian Dollar has surged by 218 pips or 3.37% in value against the US Dollar on Monday. The exchange rate tested the upper boundary of a descending channel pattern at 0.6677.
The common European currency has surged by 283 pips or 2.43% in value against the Japanese Yen since Monday's trading session. The EUR/JPY currency pair tested the upper boundary of a descending channel pattern at 118.70 on Tuesday morning.
On Friday, the XAU/USD exchange rate re-tested the upper boundary of the rising wedge pattern at 1,700.00. During today's morning, the rate was testing the support formed by the 55-hour SMA and the monthly R1 at 1,668.23.
At the previous trading session, the USD/JPY currency pair surpassed the 104.50 level. During Monday morning, the pair tumbled to the 102.30 mark.
On Friday, the GBP/USD exchange rate went up to the 1.3100 level. During today's morning, the rate touched the Fibo 50.00% at 1.3196.
At the end of last week, the EUR/USD currency pair raised to the 1.1350 level. During Monday morning, the pair was testing the resistance range formed by the weekly R1, the monthly R3 and the Fibo 50.00% in the 1.1416/1.1475.
Downside momentum has pressured the New Zealand Dollar lower against the US Dollar since Friday's trading session. The currency pair has declined by 350 basis points or 5.51% in value during this short period.
Bullish momentum has dominated the US Dollar versus the Canadian Dollar since Friday's trading session. The currency pair has surged by 364 basis points or 2.71% in value during this short period.
The Australian Dollar has plunged by 339 basis points or 5.10% in value against the US Dollar since Friday's trading session. However, the currency pair regained some of its lost points on Monday morning.
The single European currency has declined by 297 basis points or 2.48% in value against the Japanese Yen since Friday's trading session.
On Thursday, the XAU/USD exchange rate exceeded the monthly R1 at 1,668.23. During today's morning, the rate was trading in the 1,680.00 area.
Yesterday, the USD/JPY currency pair dropped to the 106.00 level. During Friday morning, the pair declined below 105.50.
Yesterday, the GBP/USD exchange rate reached the 1.2950 level. During Friday morning, the rate exceeded the weekly R1 at 1.2985.
On Thursday, the EUR/USD currency pair raised to the 1.1250 level. During today's morning, the pair surpassed the monthly R2 at 1.1285.
During the past 24 hours of trading, the New Zealand Dollar has surged by 87 pips or 1.38% in value against the US Dollar. The currency pair breached the weekly R1 at 0.6338 on Friday morning.
The US Dollar traded between the range of 1.3426/1.3391 against the Canadian Dollar on Thursday. The 50– hour simple moving average provided support for the exchange rate yesterday.
The Australian Dollar declined by 45 pips or 0.68% in value against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The common European currency declined by 95 pips or 0.79% in value against the Japanese Yen. The currency pair was pressured lower by the 50-, 100– and 200– hour SMAs during yesterday's trading session.
On Wednesday, the XAU/USD exchange rate consolidated in the 1,640.00 area. During today's morning, the rate maintained its consolidation.
Yesterday, the USD/JPY currency pair consolidated in the 107.50 area. During Thursday morning, the pair was testing the Fibo 23.60% at 107.02.
Yesterday, the GBP/USD exchange rate raised to the 1.2880 level. During Thursday morning, the rate was testing the resistance level formed by the Fibo 38.20% and the monthly PP at 1.2920.
On Wednesday, the EUR/USD currency pair consolidated in the 1.1150 area. During today's morning, the pair maintained its consolidation.