The New Zealand Dollar appreciated about 61 base points against the US Dollar on Wednesday. The currency pair was guided by the 50-hour simple moving average during Wednesday's trading session.
The US Dollar depreciated about 86 base points against the Canadian Dollar on Wednesday. The currency pair tested the bottom border of a medium-term descending channel pattern at 1.3106 during yesterday's trading session.
The Australian Dollar has continued to maintain a medium-term ascending channel pattern against the US Dollar. The exchange rate gained about 42 base points during Wednesday's trading session.
The Eurozone single currency bounced off the 50% Fibonacci retracement level at 121.70 on Wednesday. As a result, the currency pair appreciated about 85 base points during yesterday's trading session.
On Tuesday, the XAU/USD exchange rate reversed south from the upper boundary of the long-term ascending channel at the 1,433.82 mark. During today's morning, the rate was testing the support level formed by the 100-hour SMA at 1,405.76.
During the previous trading session, the USD/JPY currency pair reached the upper boundary of the short-term descending channel at 107.45. During Wednesday's trading session, the pair was testing the given line.
On Tuesday, the GBP/USD exchange rate tumbled to the support level formed by the weekly PP at 1.2669.
Yesterday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel at 1.1355. During Wednesday's morning, the pair was testing the given line.
The New Zealand Dollar traded in an ascending channel pattern against the US Dollar on Tuesday. The currency pair pierced the 100-hour SMA at 0.6610 during the early hours of today's trading session.
The US Dollar remained flat against the Canadian Dollar on Tuesday. The currency pair tested the bottom border of a horizontal channel pattern at the end of yesterday's trading session.
The Australian Dollar maintained an ascending channel pattern against the US Dollar on Tuesday. The 50-hour simple moving average provided support for the currency pair at 0.6968 during yesterday's trading session.
The common European currency depreciated about 80 base points against the Japanese Yen on Tuesday. The currency pair tested a support level formed by the 50% Fibonacci retracement level at 121.72 during Tuesday's trading session.
The New Zealand Dollar has appreciated about 95 base points against the US Dollar since June 21. The currency pair bounced off the lower boundary of an ascending channel pattern at 0.6563 on Friday.
The US Dollar has been trading in a horizontal channel against the Canadian Dollar since June 20. The currency pair tested the upper boundary of the channel pattern at 1.3229 on Friday.
The Australian Dollar has appreciated about 65 base points against the US Dollar since June 21. The currency pair was guided higher by the 50-hour simple moving average.
Upside risks have dominated the single European currency versus the Japanese Yen since June 21. A breakout occurred through the upper boundary of a descending channel pattern on Friday.
Gold has reached a new high level. On Tuesday morning, the bullion tested the resistance of the 1,440.00 level.
The USD/JPY has dropped below the 107.00 level. On Tuesday morning, the drop was stopped by the lower trend line of a large scale descending channel pattern at 106.80.
On Tuesday morning, the GBP/USD continued to test the resistance of the 1.2760 level. Meanwhile, note that the rate had retraced down to the 55-hour SMA, where it found support for the most recent surge.
The EUR/USD has reached the previously set target. The monthly pivot point at 1.1410 has been reached on Tuesday morning.
On Monday morning, gold was again testing the resistance of the 1,410.00 level.
The USD/JPY recovery has been stopped by the 55-hour simple moving average at the 107.70 level. On Monday, the pair and the technical resistance level were both located near the 107.40 level.
The GBP/USD has surged and reached above the 1.2750 level. The ascent of the currency exchange rate was caused by the combined support of the 1.2650 level and 200-hour simple moving average.
The EUR/USD continued to surge on Monday. The surge was caused by the US Federal Reserve signalling upcoming monetary easing while the ECB's policy remained less stimulating during the last week's central bank events.