Yesterday, the EUR/USD currency pair re-tested the lower boundary of the short-term ascending channel at 1.1232 and jumped to the resistance level—the monthly PP at 1.1281.
The Australian Dollar bounced off a support cluster formed by the lower boundary of an ascending channel pattern and 200-hour simple moving average at 0.7111 during Wednesday's trading session.
The price movement of the single European currency versus the Japanese Yen was guided by a downside sentiment during Wednesday's trading session. The currency pair declined by about 68 base points on Wednesday.
Yesterday, the yellow metal broke through the monthly pivot point to end the trading session at the 1,304.00 level. On Wednesday morning, gold continued appreciating against the US Dollar to be located at the 1,304.64 mark.
Yesterday, the currency exchange rate slumped to the 111.00 level, breaking the previously drawn pattern line at 111.20. On Wednesday morning, the rate was located above the weekly S1 at the 111.14 mark.
Yesterday, the currency exchange rate traded between the simple moving averages to end the session at 1.3000. On Wednesday morning, the rate was supported by the 55-hour simple moving average to be located at the 1.3077 mark.
During Tuesday's session, the European Single Currency traded sideways to stay between the monthly PP and the weekly R1, as it was predicted! On Wednesday morning, the rate was supported by the 55-hour SMA to be located at the 1.1271 mark.
The New Zealand Dollar has been trading in a horizontal channel pattern against the US Dollar.
The US Dollar appreciated about 52 base points against the Canadian Dollar on Tuesday. The surge was stopped by a resistance line formed by the 50-hour simple moving average at 1.3326.
The Australian Dollar depreciated about 0.43% in value against the US Dollar on Tuesday. The exchange rate breached the weekly R1 at 0.7143 during Tuesday's trading session. However, Wednesday's trading session began with an upside sentiment.
The single European currency depreciated about 59 base points against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern at the end of yesterday's trading session.
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. However, a breakout occurred through the upper boundary of a descending channel pattern during the morning hours of Monday's trading session.
During Monday's trading session, the Greenback broke a junior ascending channel pattern. The currency pair edged lower by about 0.58% in value. In regards to the near-future, the US Dollar could regain some of its lost points against the Canadian Dollar.
Upside sentiment dominated the Australian Dollar versus the US Dollar on Monday. The exchange rate appreciated about 0.59% in value during yesterday's trading session.
Bullish sentiment dominated the common European currency against the Japanese Yen on Monday. As a result, the currency pair gained about 62 base points during yesterday's trading session.
Yesterday, the yellow metal broke the resistance level of the 200-hour simple moving average to end the day at the 1,296.00 level. On Tuesday morning, gold was located above the monthly pivot point at the 1,301.85 mark.
Yesterday, the currency exchange rate was resisted by the 100-hour simple moving average to end the day at 111.20. On Tuesday morning, the rate was located at the 111.31 mark.
Yesterday, the currency exchange rate broke the resistance level of the 55-hour simple moving average to end the trading day below the weekly pivot point at 1.3050. During Tuesday's morning hours, the rate was supported by the 55-hour SMA to be located at the 1.3103 mark.
Yesterday, the European Single Currency jumped to the 1.1260 level, breaking the resistance level of the weekly R1. On Wednesday morning, the rate was trading between the monthly PP and the weekly R1 at the 1.1270 level.
During Friday's trading session, the yellow metal was testing the 55-hour and the 100-hour simple moving averages to end the day at 1,292.00. On Monday morning, gold broke the resistance level of the 200-hour SMA to be located at the 1,296.93 mark.
During Friday's trading session, the currency exchange rate was supported by the 55-hour simple moving average after which, the rate slumped to the 111.40 level. On Monday morning, the rate resisted by the 100-hour SMA to be located at the 111.50 mark.
During Friday's trading session, the 200-hour simple moving average retraced the currency exchange pair to 1.2940. On Monday morning, the rate was located below the weekly PP at the 1.3056 mark.
During Friday's trading session, the European Single Currency depreciated against the US Dollar to pass through most of the technical indicators to end the day at 1.1215. On Monday, the rate was supported by SMAs to be located at the 1.1238 mark.
The New Zealand Dollar depreciated about 46 base points against the US Dollar on Friday. The decline was stopped by a traditional monthly pivot point at 0.6724 during Friday's trading session.