On Thursday, the 200– hour simple moving average pressured the AUD/USD currency pair lower. As a result, the Australian Dollar declined by 66 pips or 0.88% against the US Dollar.
Since this week's trading sessions, the 50– hour simple moving average continued to pressure the EUR/JPY currency pair lower. The common European currency fell by 52 pips or 0.40% against the Japanese Yen on Thursday.
On Thursday, the yellow metal's price passed the resistance of the 1,830.00 level. The price managed to do so after finding support in the 1,820.00 level. In the near term future, the metal could continue to gradually surge from one round price level to another. Stronger resistance would be expected from the 1,850.00 mark. In the meantime, take into account that
At GMT midnight to Thursday, the USD/JPY ended trading sideways at the 110.00 level and started a decline. During the early European trading hours, the rate had reached below the 109.80 level. Meanwhile, no support was close by as far as the July low level at 109.54. In the case of a decline, the rate would highly likely reach the July
During early Thursday's trading hours, the GBP/USD currency exchange rate traded in the 1.3820/1.3870 range. Meanwhile, the pair ignored the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3853. In the case of a decline, the currency pair would most likely look for support in the 1.3800 mark. If the 1.3800 level's support fails, the
On Thursday morning, the EUR/USD pierced the resistance of the 100 and 200-hour simple moving averages near the 1.1840 level. In the case that the rate surges, the pair would reach the resistance of the weekly simple pivot point at 1.1852. A failure of the pivot point could result in a test of the resistance zone just below the
The USD/CAD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.2450 on Wednesday.
The British Pound plunged by 92 pips or 0.60% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during Wednesday's trading session.
The Australian Dollar grew by 46 pips or 0.61% against the US Dollar on Wednesday.
The common European currency declined by 47 pips or 0.36% against the Japanese Yen on Wednesday. The currency pair breached the 130.00 level during Wednesday's trading session.
At 12:30 GMT on Wednesday, the yellow metal's price jumped due to the release of the US Producer Price Index. The metal managed to pass the resistance zone, which was located below the 1,820.00 level. However, following the surge, the price found resistance in the 1,830.00 mark. In the case that the 1,830.00 mark fails to continue to provide resistance, the
At mid-day on Wednesday, the USD/JPY currency exchange rate dropped sharply due to the release of the US Producer Price Index data. During its decline, the rate plummeted below all close by technical support levels. In theory, the rate could decline as low as the previous July low level near 109.55. However, on its way down the pair is most likely
The GBP/USD traded with high volatility due to the US CPI release on Tuesday. However, on Wednesday, the rate had recovered and appeared to be set for another test of the resistance zone above the 1.3900 mark. In the case that the rate passes the resistance of the 1.3900 mark, the GBP/USD would find resistance in the 1.3950 mark and afterwards
The release of the US Consumer Price Index data on Tuesday caused high volatility of the EUR/USD and eventually a booking of new July low level at 1.1773 during the early hours of Wednesday's trading. By the middle of Wednesday's European trading hours, the currency exchange rate had recovered and was expected to reach the resistance of the 55,
On Tuesday, the US Dollar edged higher by 90 pips or 0.74% against the Canadian Dollar. The currency pair tested the upper line of a descending channel pattern during yesterday's trading session.
The GBP/JPY currency pair reversed from the upper end of a descending channel pattern at 153.50 on Tuesday. As a result, the Pound Sterling fell by 94 pips or 0.61% against the Japanese Yen during yesterday's trading session.
On Tuesday, the Australian Dollar declined by 65 pips or 0.87% against the US Dollar. The currency pair was pressured lower by the 50– and 200– hour SMAs during Tuesday's trading session.
The 200– hour simple moving average provided resistance for the EUR/JPY currency pair on Tuesday. As a result, the Eurozone single currency declined by 85 pips or 0.65% against the Japanese Yen.
The yellow metal found support in the zone above the 1,790.00 level. Meanwhile, as the price was being approached by the 200-hour simple moving average, a recovery began. By the middle of Tuesday's European trading hours, the bullion had reached above 1,810.00. A continuation of the surge of the yellow metal's price could encounter resistance in the zone below the 1,820.00
During Monday's trading, the USD/JPY broke the resistance of the 100-hour simple moving average and the weekly simple pivot point near 110.30. However, it did not result in an extended surge, as the currency exchange rate began to fluctuate sideways in the 110.30/110.50 range. If the rate ends the sideways trading by surging, it would encounter resistance near 110.65 where the
On Tuesday, the GBP/USD made another attempt to pass the zone above the 1.3900 mark. In the meantime, the rate revealed on Monday that the zone near 1.3840 manages to provide support. In the near term future, the pair could be pushed up by the support of the 55, 100 and 200-hour simple moving averages. A potential surge could once again
Despite not facing any technical resistance on Monday, the EUR/USD currency exchange rate did not surge. The pair's attempt at moving higher on the chart was stopped by the 1.1880 level. The rate made two attempts to reach above the 1.1880 level before declining and finding support in the 100-hour simple moving average. On Tuesday, the currency exchange rate fluctuated
The 50– hour simple moving average provided resistance for the USD/CAD currency pair on Monday. As a result, the US Dollar fell by 66 pips or 0.52% against the Canadian Dollar during Monday's trading session.
The British Pound surged by 84 pips or 0.55% against the Japanese Yen on Monday.