At the end of last week, the XAU/USD exchange rate traded upwards. During Monday morning hours, the rate was testing the monthly S1 at 1,890.23.
On Friday, the USD/JPY currency pair raised to the 104.80 level.
The GBP/USD exchange rate could continue to trade downwards within the short-term descending channel.
At the end of last week, the EUR/USD currency pair declined to the 1.1640 level.
The New Zealand Dollar declined by 72 points or 1.08% against the US Dollar on Friday. The currency pair reversed from the upper line of a descending channel pattern during Friday's trading session.
The US Dollar declined by 33 points or 0.24% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average support line at 1.3318 during Friday's trading session.
The Australian Dollar declined by 54 points or 0.76% against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour SMA during Friday's trading session.
The common European currency declined by 56 points or 0.46% against the Japanese Yen on Friday. The 50– hour simple moving average provided resistance for the currency pair during the previous session.
On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark.
Yesterday, the USD/JPY currency pair touched the 104.70 level. During Friday morning hours, the pair re-tested the support level formed by the weekly and monthly S1s at 104.13.
The USD/GBP exchange rate has revealed a short-term descending channel.
On Thursday, the EUR/USD currency pair declined to the 1.1660 level.
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday's trading session.
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Thursday. The currency pair made about 74 pips move during Thursday's trading session.
The Australian Dollar declined by approximately 60 pips or 0.80% against the US Dollar on Thursday. The currency pair tested the 0.7000 level during yesterday's trading session.
Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday's trading session.
On Wednesday, the XAU/USD exchange rate breached the short-term descending channel south and dropped to the 1,870.00 mark.
During Thursday morning hours, the USD/JPY currency pair pierced the support level formed by the weekly and monthly S1s at 104.13.
Yesterday, the GBP/USD exchange rate resumed to trade within the medium-term ascending channel.
On Wednesday, the EUR/USD currency pair declined to the 1.1720 mark.
Downside risks pressured the New Zealand Dollar against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair edged higher by 148 basis points or 1.12% during yesterday's trading session.
Downside risks dominated the Australian Dollar against the US Dollar on Wednesday. As a result, the exchange rate plummeted by 114 basis points or 1.60% during Wednesday's trading session.
The common European currency declined by 95 basis points or 0.77% against the Japanese Yen on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 122.20 during yesterday's trading session.