The gold charts have been fully reviewed. In general, the situation is pretty simple.
USD/JPY is slowly but steadily continuing its surge upwards. By the middle of Friday the pair had made three attempts to surge above the resistance of a pivot point level at 113.60.
By the middle of Friday's trading session the GBP/USD had continued to decline until it reached the support provided by a pivot point at the 1.2565 level.
On Friday, due to a combination of fundamental events and technical level pressure the EUR/USD plummeted down like a brick thrown into a pool. Namely, by the middle of the day's trading the pair was trading below 1.1300.
The New Zealand Dollar has plummeted about 101 base points against the US Dollar since the previous trading session. The currency pair breached the lower boundary of a descending channel pattern at 0.6800 during the Asian session on Friday.
The price movement of the US Dollar against the Canadian Dollar was guided by an ascending trendline. The currency pair tested the lower boundary of the trendline during the end of yesterday's session.
The Australian Dollar has depreciated about 92 base points against the US Dollar since Thursday's session. The currency pair dashed through a one-week trading range during the first part of today's session.
The Eurozone single currency has depreciated about 113 base points against the Japanese Yen since yesterday's trading session. The currency pair breached the lower boundary of an ascending channel pattern at 128.60 during the Asian session on Friday.
The New Zealand Dollar depreciated about 75 base points against the US Dollar on Wednesday. However, the exchange rate regained its lost positions during the first part of Thursday's trading session.
The US Dollar depreciated about 65 base points against the Canadian Dollar on Wednesday. The surged was stopped by a support level formed by the 200-hour simple moving average at 1.3325.
The Australian Dollar continued its sideways movement against the US Dollar on Wednesday. However, a breakout through the upper boundary of a descending channel pattern occurred during the end of the previous session.
The single European currency appreciated about 55 base points against the Japanese Yen on Wednesday. The currency pair breached the upper boundary of a dominant descending channel at 128.80 during the end of yesterday's trading session.
The New Zealand Dollar began today's session with a strong bearish momentum against the US Dollar. The currency pair was pressured south by the 200-hour simple moving average and the weekly pivot point at 0.6894.
The US Dollar consolidated below the monthly pivot point at 1.3419 against the Canadian Dollar on Wednesday.
The Australian Dollar has been trading within 65 pips range against the US Dollar since the beginning of this week.