On Friday, the USD/JPY currency pair reversed south from the resistance level formed by the monthly R1 at 109.39. During today's morning, the pair was testing the support level—the weekly PP at 108.97.
At the end of last week, the GBP/USD exchange rate re-tested the lower boundary of the short-term descending channel at 1.2770. During Monday morning, the rate was trading at the 1.2800 mark.
On Friday, the EUR/USD currency pair declined to the psychological level at 1.1020. During today's morning, the pair was trading near the given level.
The New Zealand Dollar has been trading in a junior descending channel pattern against the US Dollar since the beginning of November. The channel pattern was formed on November 4.
The US Dollar has appreciated about 0.46% in value against the Canadian Dollar since Friday's trading session. The 50– hour simple moving average has been guiding the currency pair higher since last week's session.
The Australian Dollar has depreciated about 0.75% in value against the US Dollar since Friday's trading session. The currency pair tested the lower boundary of a descending channel pattern at 0.6840 on Friday.
The Eurozone single currency has depreciated about 82 basis points against the Japanese Yen since Friday's trading session. The currency pair was pressured south by the simple moving averages.
On Thursday, the XAU/USD exchange rate breached the medium-term ascending channel south. During today's morning, the rate was trading at the 1,470.00 level.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly R1 at 109.39. During Friday morning, the pair was trading near the given resistance.
The New Zealand Dollar has continued to trade in the descending channel pattern against the US Dollar. The currency pair depreciated by about 41 basis points during yesterday's trading session.
The US Dollar depreciated by about 35 basis points against the Canadian Dollar on Thursday. The currency pair breached the monthly pivot point at 1.3183 during the morning hours of Friday's trading session.
On Thursday, the GBP/USD exchange rate declined to the 1.2800/1.2820 area. During today's morning, the rate was trading at the given area.
Yesterday, the EUR/USD currency pair declined to the support level formed by the weekly S2 at 1.1037. During Friday morning, the pair was trading near the given level.
The Australian Dollar appreciated by about 48 basis points against the US Dollar on Thursday. The currency pair tested a psychological resistance level at the 0.6910 area during yesterday's trading session.
The common European currency appreciated about 90 basis points against the Japanese Yen on Thursday. The currency pair tested the upper boundary of a descending channel pattern at 121.06 during yesterday's trading session.
The New Zealand Dollar reversed from a support cluster formed by the weekly S1 and the monthly pivot point at the 0.6350 area during the Asian trading session on Thursday.
The US Dollar appreciated about 40 basis points against the Canadian Dollar on Wednesday. The currency pair tested the monthly pivot point at 1.3183 during yesterday's trading session.
On Wednesday, the XAU/USD exchange rate reversed north from the lower boundary of the medium-term ascending channel. During today's morning, the rate tried to surpass the 1,490.00 level.
The Australian Dollar has depreciated by about 45 basis points against the US Dollar since yesterday's trading session. Though, today's session began with a bullish sentiment.
Yesterday, the USD/JPY currency pair declined to the support level formed by the 100- and 200-hour SMAs at 108.68. During Thursday morning, the pair was testing the resistance level formed by the 55-hour SMA and the weekly R1 at 109.04.
Yesterday, the GBP/USD exchange rate declined to the support level - the weekly S1 at 1.2842. During Thursday morning, the rate was testing the upper boundary of the short-term descending channel at 1.2863.
On Wednesday, the EUR/USD currency pair tried to surpass the 1.1060 level. During today's morning, the pair was trading at the 1.1075 mark.
The single European currency bounced off a support level formed by the weekly S1 at 120.21 during the morning hours of Thursday's trading session. As a result, the EUR/JPY currency pair appreciated by about 65 basis points.
The New Zealand Dollar has depreciated about 1.03% in value against the US Dollar since yesterday's trading session. The 50– hour simple moving average pressured the currency pair lower on Tuesday.