During the first half of Tuesday's trading session, the Australian Dollar surged by 88 pips or 1.36% against the US Dollar. However, the currency pair yielded the earlier gains at the end of the session.
The 50– hour simple moving average guided the EUR/JPY currency pair on Tuesday. The exchange rate tested the upper border of an ascending channel pattern at 116.83 during Tuesday's trading session.
On Monday, the XAU/USD exchange rate re-tested the lower line of the ascending triangle pattern in the 1,695.00 area. During today's morning, the rate reversed north.
Yesterday, the USD/JPY currency pair raised to the resistance level formed by the weekly R1 and the monthly PP at 107.65. During Tuesday morning, the pair reversed south.
Yesterday, the GBP/USD exchange rate tested the support formed by the weekly and monthly S1s at 1.2290. During Tuesday morning, the rate was trading at 1.2320.
On Monday, the EUR/USD currency pair declined to the 1.0800 level. During today's morning, the pair reversed north.
The New Zealand Dollar surged by 95 basis points or 1.54% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Tuesday.
The US Dollar surged by 128 basis points or 0.92% against the Canadian Dollar on Monday. The currency pair breached weekly pivot point at 1.4001 during Monday's trading session.
The Australian Dollar declined by 86 basis points or 1.31% against the US Dollar on Monday. The 100– and 200– hour SMAs provided support for the currency pair during yesterday's trading session.
The common European currency surged by 64 basis points or 0.55% against the Japanese Yen on Monday. The currency pair was pressured up by the 200– hour simple moving average during yesterday's trading session.
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. On Friday, the rate tested the upper pattern line at 1,722.00. During today's morning, the rate reversed south from the given line.
During the previous trading session, the USD/JPY currency pair breached the falling wedge pattern north. During Monday morning, the pair surpassed the weekly R1 at 107.20.
At the end of last week, the GBP/USD exchange rate failed to exceed the 200-hour SMA near 1.2450. During Monday morning, the rate touched 1.2350.
On Friday, the EUR/USD currency pair consolidated in the 1.0840 area. During today's morning, the pair was trading at 1.0820.
The New Zealand Dollar surged by 34 pips or 0.55% against the US Dollar on Friday. However, Monday's trading session started with bearish momentum, and by the middle of the day, the currency pair has declined by 0.85%.
The US Dollar declined by 66 pips or 0.47% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50-, 100– and 200– hour SMAs during Friday's trading session.
The Australian Dollar has surged by 57 pips or 0.88% against the US Dollar since Friday's trading session. The currency pair tested April 30 swing high at 0.6560 during the Asian session on Monday.
The Eurozone single currency has surged by 109 pips or 0.94% against the Japanese Yen since Friday's trading session.
On Thursday, the XAU/USD exchange rate skyrocketed to the 1,720.00 level. During today's morning, the rate was trading near the given mark.
Yesterday, the USD/JPY currency pair failed to surpass the 100-hour SMA near 106.50. During today's morning, the pair was trading at 106.40.
Yesterday, the GBP/USD exchange rate tested the support level formed by the monthly S1 at 1.2292. During Friday morning, the rate was testing the 100-hour SMA near 1.2400.
On Thursday, the EUR/USD currency pair raised to the resistance level formed by the 100-hour SMA and the weekly S1 at 1.0856. During today's morning, the pair was testing the given resistance.
Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern.
The US Dollar declined by 213 basis points or 1.50% against the Canadian Dollar on Thursday. The currency pair breached the 50-, 100– and 200– period SMAs during yesterday's trading session.