Yesterday, the US Dollar appreciated 0.67% against the Japanese Yen. During Wednesday morning, the USD/JPY currency pair traded sideways at the 108.20 level.
On Tuesday, the GBP/USD exchange rate jumped to the psychological level at 1.2500. During today's morning, the rate was testing the support level formed by the 55-hour SMA and the monthly R2 at 1.2459.
Yesterday, the EUR/USD currency pair increased to the resistance level formed by the monthly PP at 1.1069/ During Wednesday morning, the pair was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP circa 1.1050.
The New Zealand Dollar appreciated about 40 basis points against the US Dollar on Tuesday. The currency pair tested the upper boundary if a descending channel pattern at 0.6360 during the previous trading session.
The US Dollar made a brief upside movement against the Canadian Dollar during Tuesday's trading session. However, the gains were limited by the monthly pivot point at 1.3277.
The Australian Dollar appreciated about 0.55% in value against the US Dollar on Tuesday.
The common European currency appreciated about 84 basis points against the Japanese Yen on Tuesday. The currency pair breached some significant resistance levels during yesterday's trading session.
Downside risks prevailed in the market on Monday, thus, allowing the New Zealand Dollar to depreciated about 52 basis points against the US Dollar.
The 50– hour simple moving average led the movement of the US Dollar against the Canadian Dollar on Monday. The currency pair appreciated about 50 basis points during the previous trading session.
On Monday, the XAU/USD exchange rate tried to surpass the support formed by the 55– and 100-hour SMAs circa 1,500.00. During today's morning, the rate continued to test the given support.
Yesterday, the USD/JPY currency pair surged to the 108.20 level. During Tuesday morning, the pair was trading at the given level.
During Monday, the GBP/USD exchange rate depreciated slightly against the US Dollar. During today's morning, the rate was testing the support provided by the 100-hour SMA at 1.2393.
Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1000. During Tuesday morning, the pair was trading near the given level.
The Australian Dollar has declined about 51 basis points against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of a horizontal channel at 0.6850 on Tuesday.
The single European currency depreciated about 79 basis points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100– hour SMAs at the end of the previous trading session.
Gold began this week's trading above the 1,500.00 mark. However, additional gains were being limited by the technical resistance of the 200-hour simple moving average just above the 1,510.00 level.
On Monday, the USD/JPY started the week with a gap down opening. The start of trading was highly volatile until the rate began trading in the range between the 55 and 100-hour simple moving averages near 107.90.
The New Zealand Dollar has revealed a new junior descending channel against the US Dollar. The currency pair depreciated by 38 basis points during Friday's trading session.
After touching the 1.2500 level on Friday, the GBP/USD began a decline, which was continuing on Monday morning.
The US Dollar appreciated about 77 basis points against the Canadian Dollar on Friday. The currency pair breached the monthly pivot point at 1.3277 during Friday's trading session.
On Monday morning, the EUR/USD exchange rate declined below the pivot point that is located at the 1.1069 level. Although, the rate still faced various support levels, which could cause a continuation of a surge.
The Australian Dollar versus the US Dollar has been trading in a horizontal channel since September 9. The currency pair retested the upper boundary of the channel pattern at 0.6886 during Friday's trading session.
A two-week junior ascending channel has guided the movement of the Eurozone single currency against the Japanese yen. The currency pair bounced off its lower boundary on September 12 and followed by a short-term upside wave.
On Thursday, the XAU/USD exchange rate tested the 200-hour moving average at the 1,517.00. During today's morning, the rate was trading at the 1,505.00 mark.