On Thursday morning the USD/JPY currency exchange rate was once again testing the support of the 110.00 level.
On Thursday, the GBP/USD plummeted, as the UK announced its stance in trade negotiations with the EU. By the middle of the day's London trading hours, the pair was heading to the support of the weekly S1 simple pivot point at 1.2858.
During the early GMT trading hours of Thursday's trading, the EUR/USD broke out of the ascending wedge pattern and passed the resistance of the weekly R2 simple pivot point at 1.0916.
The New Zealand Dollar depreciated by 34 basis points or 0.54% in value against the US Dollar on Wednesday. The currency pair tested the weekly S1 at 0.6281 during yesterday's trading session.
The US Dollar surged by 73 pips or 0.57% in value against the Canadian Dollar on Wednesday. The currency pair tested a resistance cluster formed by the monthly R1 and the weekly R3 at 1.3339 during yesterday's trading session.
The Australian Dollar declined by 60 basis points or 0.91% in value against the US Dollar. The currency pair breached a support cluster formed by the monthly S1 and the weekly S1 at 0.6571 during yesterday's trading session.
The 200– hour simple moving average provided support for the common European currency against the Japanese Yen during yesterday's trading session. The currency pair surged by 58 pips or 0.48% in value on Wednesday.
Yesterday, the XAU/USD exchange rate traded sideways between the 55– and 100-hour SMAs. During Wednesday morning, the rate was trading at 1,650.00.
On Tuesday, the USD/JPY currency pair declined to the weekly S1 at 110.07. During today's morning, the pair was trading near the given level.
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the medium-term descending channel at 1.3020. During Wednesday morning, the rate dropped to 1.2940.
On Tuesday, the EUR/USD currency pair tested the resistance formed by the weekly R1 and the Fibo 23.60% at 1.0886. During today's morning, the pair was testing the given resistance.
The New Zealand Dollar has declined by 52 pips or 0.81% in value against the US Dollar since yesterday's trading session. The currency pair was pressured lower by the 50– and 100– hour SMAs.
The US Dollar traded sideways against the Canadian Dollar on Tuesday. The USD/CAD currency pair made about 33 basis points movement during yesterday's trading session.
Since yesterday's trading session, the Australian Dollar has declined by 51 pips or 0.77% in value against the US Dollar. The currency pair was pressured lower by the 50– hour simple moving average.
The Eurozone single currency has continued to decline against the Japanese Yen since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Tuesday.
Yesterday, the XAU/USD exchange rate declined to the 55-hour SMA located near 1,650.00. During Tuesday morning, the rate tried to surpass the 100-hour SMA near 1,635.00.
On Monday, the USD/JPY currency pair tumbled to the support provided by the 200-hour SMA near 110.50. During today's morning, the pair was testing the given support.
Yesterday, the GBP/USD exchange rate consolidated in the 1.2930 area. During Tuesday morning, the rate jumped to the 1.2990 level.
On Monday, the EUR/USD currency pair jumped to the monthly S2 at 1.0872. During today's morning, the pair was trading near the given level.
The New Zealand Dollar has continued to edge up against the US Dollar. The currency pair appreciated by 53 basis points or 0.84% in value during yesterday's trading session.
The US Dollar declined by 52 basis points or 0.39% in value against the Canadian Dollar during the first part of yesterday's trading session. The decline was stopped by the 50– hour simple moving average on Monday.
The Australian Dollar has surged by 34 basis points or 0.51% in value against the US Dollar since yesterday's trading sessions. The currency pair breached the 50– hour simple moving average at 0.6607 on Monday.
During yesterday's trading session, the common European currency declined by 109 basis points or 0.90% in value against the Japanese Yen. The currency pair breached the 50– and 100– hour SMAs and the weekly pivot point at 120.27 on Monday.
During previous trading session, the XAU/USD exchange rate raised to the 1,650.00 level. During Monday morning, the rate jumped to the 1,690.00 mark.