The US Dollar bounced off the lower boundary of an ascending channel pattern at 1.3120 on Wednesday. The exchange rate tested a resistance cluster at 1.3171 during the beginning of the European trading session on Thursday.
The Australian Dollar depreciated about 71 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the weekly PP at 0.7135 during the previous trading session.
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On Thursday the charts of the yellow metal were reviewed and trend lines were added. Meanwhile, the rate had finally properly declined below the resistance of the hourly simple moving averages.
The USD/JPY has revealed a wide descending channel. The event has taken place during the recent sharp waves of volatility caused by fundamental events.
The surge of the GBP/USD had turned into a consolidation on Thursday. Namely, after touching the 1.3350 level the rate slightly declined and afterwards began to trade sideways.
The EUR/USD did not manage to pass the resistance levels at the 1.1400 mark. Instead the rate retreated down to the lower trend line of the ascending channel pattern.
The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. The 50-hour simple moving average provided support for the currency pair at 0.6886 during yesterday's session.
The US Dollar edged lower against its Canadian peers on Tuesday. The exchange rate lost about 79 base points of its values during Tuesday's trading session. In the meantime, the overall market sentiment remained bearish during the first half of today's session.
The Australian Dollar appreciated about 56 base points against the US Dollar on Tuesday. The currency pair tested a resistance level formed by the weekly R1 at 0.7201 during yesterday's trading session.
Downside sentiment dominated the Euro against the US Dollar on Tuesday. A breakout through the lower boundary of an ascending channel occurred at the end of yesterday's trading session.
On Wednesday, gold price ignored the 55 and 200-hour simple moving averages. The price fluctuated around them freely. Meanwhile, the resistance of the 100-hour SMA was still able to push the pair lower.
The US Dollar had extended its decline against the Japanese Yen on Wednesday.
As it was expected, the GBP/USD surged during the last 24-hours. However, the surge was a lot bigger than expected. The reason was another fundamental Brexit announcement.
The EUR/USD reached the targeted 1.1380 soon after yesterday's publications. Moreover, three hours after reaching the weekly R1 at 1.1380 the pair continued to surge and reached the resistance levels of the daily chart at the 1.1400 level.
On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline.
The USD/JPY has crashed the short and medium term patterns. Namely, it jumped suddenly on Monday when the pair broke the resistance of a medium scale descending pattern.
The GBP/USD surged, as soon as it passed the resistance of the 1.3100 level. Soon after the event the rate touched the weekly R1 at the 1.3149 level. By the middle of Tuesday's trading the rate was testing a strong resistance cluster at the 1.3160 level.
On Tuesday the EUR/USD had remained in the previous trading session's range between 1.1365 and 1.1345. It had retreated to once more confirm the support of a dominant ascending pattern.
The New Zealand Dollar appreciated about 48 base points against the US Dollar on Monday. The exchange rate breached a triangle-like formation pattern during the previous trading session
The US Dollar appreciated about 85 base points against the Canadian Dollar on Monday. The currency pair breached a resistance cluster formed by a weekly pivot point and the 50– and 100-hour SMAs at 1.3183 during Monday's trading session.
The Australian Dollar appreciated about 48 base points against the US Dollar on Monday. The currency pair was supported by a cluster formed by the weekly pivot point and the 100-hour simple moving average at 0.7135.
The single European currency appreciated about 85 base points against the Japanese Yen on Monday. The currency pair broke a horizontal channel pattern during yesterday's trading session.
The New Zealand Dollar appreciated about 95 base points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour SMAs during Friday's trading session.