During Thursday's trading session, the US Dollar declined by 45 basis points or 0.34% in value against the Canadian Dollar. The currency pair tested 50– hour simple moving average at 1.3127 on Thursday.
The Australian Dollar declined by 48 basis points or 0.70% in value against the US Dollar on Thursday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
The common European currency fell by 109 pips or 0.89% in value against the Japanese Yen on Thursday. A breakout occurred through the lower boundary of a descending channel pattern during yesterday's trading session.
On Wednesday, the XAU/USD exchange rate reversed north from the lower boundary of the rising wedge pattern. During today's morning, the rate was testing the lower pattern line.
Yesterday, the USD/JPY currency pair declined to the weekly S1 at 109.71. During Thursday morning, the pair declined below the given level.
Yesterday, the GBP/USD exchange rate jumped to the 1.3140 level. During Thursday morning, the rate was trading at the given level.
On Wednesday, the EUR/USD currency pair tested the upper boundary of the falling wedge pattern. During today's morning, the pair continued to test the given line.
The NZD/USD exchange rate traded with low volatility on Wednesday. The New Zealand Dollar made a 25-pip movement against the US Dollar during Wednesday's trading session.
Bullish momentum has pressured the US Dollar higher against the Canadian Dollar since yesterday's trading session. The currency pair has appreciated by 0.99% in value since Wednesday's session.
Upside risks have dominated the Australian Dollar versus the US Dollar since Wednesday's trading session. A breakout occurred through the upper bounced of a descending channel pattern during the Asian session on Thursday.
The 50– hour simple moving average has continued to pressure the Eurozone single currency lower against the Japanese Yen. The currency pair has declined by 65 basis points since Wednesday's trading session.
On Tuesday, the XAU/USD exchange rate failed to surpass the 1,568.00 level. During today's morning, the rate was trading below the 1,560.00 mark.
Yesterday, the USD/JPY currency pair tested the lower boundary of the medium-term ascending channel at 109.80. During Wednesday morning, the rate was testing the support provided by the 200-hour SMA at 109.96.
Yesterday, the GBP/USD exchange rate raised to the 1.3060 level. During Wednesday morning, the rate was trading at the given mark.
On Tuesday, the EUR/USD currency pair tested the upper boundary of the falling wedge pattern. During today's morning, the pair was testing the resistance provided by the 55-hour SMA at 1.1091.
The New Zealand Dollar has depreciated by 32 basis points against the US Dollar since Tuesday's trading session. The 50– hour simple moving average pressured the currency pair lower during this period.
The US Dollar has surged by 46 basis points against the Canadian Dollar since yesterday's trading session. The currency pair tested a resistance cluster formed by the monthly pivot point and the weekly R1 at 1.3085.
The Australian Dollar depreciated by 45 basis points against the US Dollar on Tuesday. The currency pair was pressured southward by the 50– hour simple moving average during yesterday's trading session.
The single European currency has continued to decline in a descending channel pattern against the Japanese Yen. The currency pair declined by 62 basis points on Tuesday.
Gold dropped on Tuesday morning down to the support of the hourly simple moving averages near 1,555.00. During the morning hours, Dukascopy Analytics did not see a clear reason for the drop in news agency news flows.
In regards to the near term future, the pair has been trading between the support of the 200-hour SMA near 109.90 and the weekly pivot point at 110.00.
Resistance levels, among which are three SMAs and a pivot points, were broken, as better than expected UK Average Earnings Index was released at 09:30 GMT.
The decline of the EUR/USD found support in the 1.1080 level and began a surge. The surge was stopped on Tuesday by the resistance of the 55-hour simple moving average and the psychological resistance of the 1.1100 level.
The New Zealand Dollar has edged lower by 0.52% in value against the US Dollar since Monday's trading session. The currency pair was pressured south by the 100– hour simple moving average.