he US Dollar traded sideways against the Canadian Dollar on Wednesday. The currency pair traded above the weekly R1 1.3283 level during Wednesday's trading session.
During the early hours of trading on Wednesday, the Australian Dollar surged by 49 basis points against the US Dollar. However, the currency pair gave up the earlier gains at the end of yesterday's trading session.
The common European currency surged by 44 basis points against the Japanese Yen on Wednesday. The 50– hour simple moving average guided the currency pair up during yesterday's trading session.
On Tuesday, the XAU/USD exchange rate tumbled to the 1,550.00 level. During today's morning, the rate re-tested the given level.
Yesterday, the USD/JPY currency pair jumped to the resistance level formed by the Fibo 50.00% and weekly R2 at 109.60. During Wednesday morning, the pair testing the given resistance.
Yesterday, the GBP/USD exchange rate raised to the weekly S1 at 1.3053. During Wednesday morning, the rate was testing the given resistance.
On Tuesday, the EUR/USD currency pair tested the support formed by the 200-hour SMA. During today's morning, the pair declined to 1.1020.
The New Zealand Dollar has appreciated by 52 basis points against the US Dollar on since Tuesday's trading session. The currency pair breached the 50– and 200– hour SMAs on Tuesday.
The US Dollar declined by 35 basis points or 0.26% in value against the Canadian Dollar on Tuesday. The currency pair tested the 50– hour simple moving average at 1.3264 during yesterday's trading session.
The Australian Dollar has surged by 66 basis points or 0.98% in value against the US Dollar since Tuesday's trading session. The currency pair breached the 200– hour simple moving average at 0.6744 on Wednesday morning.
The single European currency surged by 89 basis points or 0.75% in value against the Japanese Yen on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
On Monday, the XAU//USD exchange rate consolidated in the 1,575.00 level. During today's morning, the rate was testing the lower boundary of the medium-term ascending channel at 1,570.00.
Yesterday, the USD/JPY currency pair tried to surpass the weekly PP at 108.66. During Tuesday morning, the pair skyrocketed to the resistance level formed by the 200-hour SMA and the weekly R1 at 109.01.
Yesterday, the GBP/USD exchange rate tumbled to the 1.3000 level. During Tuesday morning, the rate tried to surpass the monthly S1 at 1.3021.
On Monday, the EUR/USD currency pair tried to surpass the 1.1050 level. During today's morning, the pair was trading at the given level.
The New Zealand Dollar depreciated by 27 pips or 0.41% in value against the US Dollar on Monday. The currency pair traded below the 50- hour simple moving average during yesterday's trading session.
The US Dollar edged higher by 69 pips or 0.52% in value against the Canadian Dollar on Monday. A breakout occurred through the upper boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar has surged by 45 pips or 0.68% in value against the US Dollar since yesterday's trading session. The currency pair breached the 50– and 100– hour SMAs since the previous session.
The common European currency has surged by 53 pips or 0.44% in value against the Japanese Yen since Monday's trading session. The currency pair tested the weekly R1 at 120.46 on Tuesday morning.
At the end of last week, the XAU/USD exchange rate raised to the 1,590.00 level. During Monday morning, the rate tumbled to the 1,575.00 mark.
On Friday, the USD/JPY currency pair broke the lower boundary of the rising wedge pattern. During today's morning, the pair was testing the resistance formed by the weekly PP at 108.65.
During previous trading day, the GBP/USD exchange rate raise to the Fibo 50.00% at 1.3196. During Monday morning, the rate reversed south.
On Friday, the EUR/USD currency pair skyrocketed to the 1.1090 level. During today's morning, the pair was trading in the 1.1080 area.
The New Zealand Dollar declined by 39 basis points or 0.61% in value against the US Dollar on Friday. The 50– hour simple moving average has continued to pressure the currency pair lower.