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.
The US Dollar declined by 28 basis points against the Canadian Dollar on Monday. However, today's trading session began with bullish momentum. By the middle of the day, the currency pair has appreciated by 0.25% in value.
The Australian Dollar has declined by 0.62% in value against the US Dollar since yesterday's trading session. The currency pair breached the weekly S1 at 0.6849 during the first part of Tuesday's session.
The common European currency has edged lower by 42 basis points against the Japanese Yen since yesterday's trading session.
On Friday, gold's price broke off the hourly simple moving averages. On Monday, there was a surge that started when the rate bounced off the support of the 200-hour SMA.
On Friday, the USD/JPY retraced down to the support of the 55-hour simple moving average and the 110.00 mark. On Monday, the pair was still supported by the SMA. In the meantime, it faced the resistance of the 110.20 level.
The GBP/USD has passed the support of the 55, 100 and 200-hour simple moving averages. By the middle of Monday's trading session, the rate was headed to the support of a weekly and monthly pivot points just below the 1.2940 mark.
The EUR/USD plummeted on Friday from the simple moving averages near 1.1130 to the 1.1090 level. On Monday, the currency exchange rate reached below the 1.1090 level.
The New Zealand Dollar declined by 42 basis points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour simple moving averages during Friday's trading session.
The US Dollar surged by 40 basis points against the Canadian Dollar on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The Australian Dollar declined by 40 basis points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
The Eurozone single currency declined by 70 basis points against the Japanese Yen on Friday. The currency pair tested the 23.60% Fibonacci retracement level at 122.19 during Friday's trading sessions.
On Thursday, the XAU/USD exchange rate traded sideways around the 1,555.00 level. During today's morning, the rate continued to consolidate.
Yesterday, the USD/JPY currency pair traded upwards. During Friday morning, the rate was testing the resistance level formed by the weekly R1 and the monthly R2 at 110.25.
Yesterday, the GBP/USD exchange rate raised to the 1.3080 level. During Friday morning, the rate tested the resistance level—the weekly PP at 1.3099.