Yesterday, the XAU/USD exchange rate could continue to trade upwards. The rate reached the 1,840.00 mark.
On Wednesday, the USD/JPY currency pair reversed south from the resistance level—the weekly R1 at 104.72.
Yesterday, the GBP/USD exchange rate reversed north from the psychological level at 1.3300.
On Wednesday, the EUR/USD currency pair raised to the 1.2125 level.
During the first half of Wednesday's trading session, the New Zealand Dollar fell by 41 pips against the US Dollar. However, if the currency pair recovered some of the lost gains at the end of the day.
The US Dollar edged lower by 45 pips or 0.35% against the Canadian Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session.
Australia's Dollar edged higher by 61 pips or 0.83% against the US Dollar on Wednesday. The currency pair bounced off from the 200– hour simple moving average at 0.7357 during Wednesday's trading session.
The common European currency surged by 50 pips or 0.40% against the Japanese Yen on Wednesday. The currency pair tested the weekly R3 at 126.53 during yesterday's trading session.
Since Monday, the XAU/USD exchange rate has been appreciating actively. The rate has already reached 1,830.00.
During Wednesday morning hours, the USD/JPY currency pair jumped to the weekly R1 at 104.72.
Yesterday, the GBP/USD exchange rate jumped to 1.3430. During Wednesday morning hours, the rate reversed south.
On Tuesday, the EUR/USD currency pair skyrocketed to the weekly R2 at 1.2075.
The New Zealand Dollar surged by 52 pips or 0.75% against the US Dollar on Tuesday. The currency pair tested the weekly resistance level at 0.7070 during yesterday's trading session.
The US Dollar has surged by 77 pips or 0.59% against the Canadian Dollar on Tuesday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 39 pips or 0.53% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
Upside risks dominated the common European currency against the Japanese Yen on Tuesday. The currency pair surged by 141 pips or 1.13% during yesterday's trading session.
As a new month started, the yellow metal's price ended its decline in the borders of a channel down pattern. The price broke out of the pattern through its upper trend line. Moreover, the resistance of the 55-hour SMA was quickly broken.
The USD/JPY currency exchange rate started Tuesday's trading by finding support in the 100-hour simple moving average and the weekly simple pivot point at 104.21. In the meantime, additional support cloud be provided by the 55 and 200-hour SMAs, which were located near 104.15.
The GBP/USD ended trading sideways between the simple moving averages by surging. The surge resulted in two tests of the resistance zone that is located from 1.3380 to 1.3400. The attempts to pass the resistance zone was supported by the 200-hour simple moving average.
On Monday, as forecast, the EUR/USD tested the resistance of the 1.2000 mark.
The US Dollar against the Canadian Dollar bounced off from the lower boundary of a descending channel pattern at 1.2934 during yesterday's trading session. As a result, the exchange rate surged by 79 basis points or 0.61% on Monday.
The New Zealand Dollar declined by 38 basis points or 0.54% against the US Dollar on Monday. The decline was stopped by the 100– hour simple moving average during yesterday's trading session.
The Australian Dollar declined by 62 basis points or 0.84% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7340 during yesterday's trading session.
The 50– hour simple moving guided the Eurozone single currency against the Japanese Yen on Monday. The currency pair made about 65 basis points move or 0.52% during yesterday's trading session.