On Friday, the EUR/USD currency pair re-tested the 1.1140 level. During today's morning, the pair raised to the 100-hour SMA at 1.1190.
The New Zealand Dollar depreciated by 53 basis points against the US Dollar on Friday. The currency pair breached the 200– hour simple moving average at 0.6672 during Friday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Friday. The currency pair traded the weekly pivot point at 1.3010 during Friday's trading session.
The Australian Dollar fell by 54 basis points against the US Dollar on Friday. The currency pair tested a support level formed by the monthly pivot point at 0.6934 during the morning hours of Monday's trading session.
The Eurozone single currency depreciated by 100 basis points against the Japanese Yen on Friday. The currency pair tested the lower boundary of a descending channel pattern at 120.16 during the previous trading session.
Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week.
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level.
The GBP/USD has continued to decline. By the middle of Friday's London trading hours, the pair reached the support of the 200-hour simple moving average at 1.3061. In theory, the rate had two possible scenarios.
The Thursday squeeze of the EUR/USD resulted in high volatility and a break out to the downside.
The New Zealand Dollar has been depreciating against the US Dollar since Thursday's trading session. The currency pair has declined by 84 basis points during the last 24 hours of trading.
The 50– hour simple moving average has continued to pressure the US Dollar lower against the Canadian Dollar since yesterday's trading session. However, the currency pair traded with low volatility during Thursday's session.
Since yesterday's trading session, the Australian Dollar has declined by 64 basis points against the US Dollar. The currency pair breached the 50– and 100– hour SMAs during Thursday's trading session.
The common European currency has depreciated by 1.12% in value against the Japanese Yen since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 121.42 on Thursday.
Since last year, the yellow metal's price has been pushed up by the 55-hour simple moving average.
The USD/JPY started a recovery at the end of the year. By middle of Thursday's trading, the recovery had reached above the resistance of the 55-hour simple moving average near 108.80.
At the start of this year's trading, the GBP/USD currency exchange rate declined.
On Thursday morning, the year's trading started with the EUR/USD declining below the 1.1200 level. By the middle of the day, the rate was approaching the support of the 100-hour simple moving average.
The 50– hour simple moving average has guided the New Zealand Dollar higher against the US Dollar since December 26. The currency pair has surged by 2% during the period.
The US Dollar has declined by 1.45% in value against the Canadian Dollar since December 26. The 50– hour simple moving average pressured the currency pair lower during this period.
The 50– hour simple moving average has been guiding the Australian Dollar higher against the US Dollar since December 26. The currency pair has surged by 107 basis points during this period.
The single European currency has depreciated by 0.62% in value against the Japanese Yen since December 27. The currency pair is trading in a narrow descending channel pattern.
On Friday, the XAU/USD exchange rate consolidated in the 1,510.00 area. During today's morning, the rate maintained its consolidation.
During last trading session, the USD/JPY currency pair tumbled to the weekly S2 located at 109.13. During Monday morning, the pair was testing the given support.
During previous trading day, the GBP/USD exchange rate advanced to the resistance level—the monthly R2 at 1.3115. During Monday morning, the rate was testing the given resistance.