Yesterday, the GBP/USD exchange rate revealed a medium-term ascending channel. During Wednesday morning, the rate reversed north from the lower channel line.
On Tuesday, the EUR/USD currency pair tested the resistance formed by the 100– and 200-hour SMAs, as well the weekly PP in the 1.1800 area. Afterwards, it retreated to find support in the area near 1.1720. It resulted in a surge, which by the middle of Wednesday was heading back to the 1.1800 level.
The New Zealand Dollar declined by 62 basis points or 0.93% against the US Dollar on Tuesday. The currency pair tested the lower boundary of a descending channel pattern on Wednesday morning.
The US Dollar declined by 86 basis points or 0.64% against the Canadian Dollar on Tuesday. The currency pair tested the monthly support line at 1.3278 during Tuesday's session.
The Australian Dollar declined by 53 basis points or 0.74% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during Tuesday's trading session.
The single European currency soared against the Japanese Yen on Tuesday. The EUR/JPY currency pair edged higher by 103 basis points or 0.83% during yesterday's trading session.
Yesterday, the XAU/USD exchange rate reversed south from the 55-hour SMA near 2,050.00. During Tuesday morning, the rate declined below 2,000.00.
On Monday, the USD/JPY currency pair surpassed the monthly PP at 106.09. During today's morning, the pair was trading near the given level.
Yesterday, the GBP/USD exchange rate tested the 100-hour SMA near 1.3100. During Tuesday morning, the rate continued to test the given resistance.
On Monday, the EUR/USD currency pair declined to the 1.1720 level. During today's morning, the pair reversed north.
The New Zealand Dollar has surged by 45 points or 0.68% against the US Dollar since Monday's trading session. The currency pair tested the weekly resistance level at 0.6620 on Tuesday morning.
The US Dollar declined by 56 points or 0.42% against the Canadian Dollar on Monday. The USD/CAD currency pair breached a support cluster formed by the 50– and 200– hour SMAs and the weekly pivot point at 1.3355 during Monday's trading session.
The Australian Dollar traded below the 0.7200 level against the US Dollar on Monday. The 100– hour simple moving average provided resistance for the currency pair during yesterday's trading session.
The Eurozone single currency declined by 45 points or 0.36% against the Japanese Yen on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during Monday's trading session.
During previous trading session, the XAU/USD exchange rate declined to the 100-hour SMA near 2,020.00. During Monday morning, the rate was testing the given moving average.
On Friday, the USD/JPY currency pair raised to the 106.00 level. During today's morning, the pair was trading near the given level.
At the end of last week, the GBP/USD exchange rate declined to the 1.3050 level. During Monday morning, the rate was testing the resistance formed by the 200-hour SMA and the weekly PP at 1.3075.
The New Zealand Dollar declined by 92 pips or 1.37% against the US Dollar on Friday. A breakout occurred through the lower boundary of an ascending channel pattern during Friday's trading session.
On Friday, the EUR/USD currency pair declined to the 1.1760 level. During today's morning, the pair was testing the given level.
The US Dollar surged by 89 pips or 0.67% against the Canadian Dollar on Friday. The currency pair tested the 1.3400 level during Friday's trading session.
The Australian Dollar declined by 85 pips or 1.18% against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
The common European currency has declined by 82 pips or 0.65% against the Japanese Yen since last Friday. The currency pair breached the 50– and 100– hour SMAs during Friday's trading session.
Yesterday, the XAU/USD exchange rate raised to the 2,070.00 level. During Friday morning, the rate was trading at 2,060.00.
On Thursday, the USD/JPY currency pair consolidated in the 105.60 area. During today's morning, the pair maintained its consolidation.