After the Brent crude oil tested the monthly R1 at 67.73 on July 11, the commodity made a U-turn south. As a result, the pair has lost about 5.47% in value since last week's trading sessions.
The Light crude oil prices have depreciated about 6.23% in value since last week's trading sessions. The commodity breached both the 50– and 100-hour SMAs at 58.94 during yesterday's session.
The Pound Sterling traded sideways against the Canadian Dollar during last week's trading sessions. The 50-hour simple moving average provided resistance for the pair at 1.6434.
The British Pound depreciated about 1.40% in value against the Australian Dollar during last week's trading sessions. The currency pair was pressured south by the 50-hour simple moving average.
The single European currency has been depreciating against the Canadian Dollar since the beginning of June. This southern movement has been bounded in a descending channel pattern.
The EUR/AUD currency pair has been trading down since the middle of June when the pair reversed south from the upper boundary of a descending channel pattern at 1.6407.
The USD/RUB exchange rate reversed north from the lower boundary of the long-term descending channel located circa 62.40 at the end of June.
The Euro has been depreciating against the Russian Ruble since the beginning of June, after the EUR/RUB currency pair reversed south from the upper boundary of the long-term descending channel at 73.60.
The ETH/USD currency pair has depreciated about 17.22% in value since last week's trading sessions. A breakout occurred through the lower boundary of a descending channel pattern during yesterday's trading session.
The BTC/USD currency pair appreciated about 19.21% in value during last week's trading sessions. The pair was guided up by the 50– and 100-hour simple moving averages.
The GBP/NZD exchange rate has been trading down within the descending channel since the beginning of May. As apparent on the chart, the rate has already reached the 1.8800 mark.
At the beginning of July, the EUR/NZD currency pair reversed from the support level formed by the monthly S1 at the 1.6796 mark.
The GBP/JPY currency pair has continued to edge lower after the pair reversed from the upper boundary of a descending channel pattern at 137.77. The British Pound has depreciated about 1.92% in value since July 1.
The Australian Dollar versus the Japanese Yen depreciated about 0.95% in value during last week's trading sessions. The currency pair breached the bottom border of an ascending channel at 75.29 during the Asian session on Thursday.
The AUD/CHF currency pair has been trading upwards since the middle of June after it reversed north from the lower boundary of the long-term descending channel at 0.6760.
The Australian Dollar has been depreciating against the Canadian Dollar since the beginning of July, when the AUD/CAD currency pair reversed south from the upper boundary of the falling wedge pattern.
The Brent crude oil prices bounced off support cluster formed by the lower boundary of an ascending channel pattern and the weekly S1 at 62.14 against the US Dollar on July 3.
The light crude oil bounced off the 38.20% Fibonacci retracement level at 56.61 on July 3. The pair appreciated about 4.68% in value during last week's trading sessions.
At the beginning of July, the EUR/PLN currency pair reversed north from the lower boundary of the medium-term descending channel located at 4.2400.
The USD/PLN currency pair could not surpass the psychological level at 3.7400. The pair reversed north from the given level at the end of June.
The Canadian Dollar has been appreciating against the Pound Sterling since the beginning of May after the currency pair made a U-turn from the upper boundary of a descending channel pattern at 1.7733.
The Australian Dollar has been trading within the descending channel pattern against the British Pound since the beginning of May. The currency pair depreciated about 310 pips during last week's trading sessions.
The CAD/JPY exchange rate has been trading upwards within the ascending channel since the beginning of June.
The Swiss Franc has been depreciating against the Japanese Yen since the beginning of July after the CHF/JPY currency pair reversed south from the upper boundary of the falling wedge pattern at 110.80.