The US Dollar fell against the Canadian Dollar on Tuesday after the USD/CAD currency pair tested the 38.20% Fibonacci retracement level at 1.3237.
The Australian Dollar has been depreciating in a junior descending channel against the US Dollar since October 11. The currency pair depreciated about 42 basis points on Tuesday.
The Eurozone single currency appreciated about 97 basis points against the Japanese Yen on Tuesday. The 100– hour SMA guided the currency pair higher during Tuesday's trading session.
On Tuesday, the yellow metal's price remained below the 1,500.00 level, as it was kept down by a monthly pivot point at 1,498.29.
By the middle of Tuesday's London trading, the USD/JPY had retreated below the 55-hour simple moving average, which was located at the 108.30 level.
By the middle of the day, the rate had tested the resistance of the 1.2700 level, which managed to hold.
The EUR/USD has broken the ascending channel pattern of the hourly chart and declined below the 55-hour SMA.
The New Zealand Dollar appreciated by 33 basis points against the US Dollar during Monday's trading session. The currency pair has revealed a new junior descending channel pattern.
The US Dollar has appreciated by about 42 basis points against the Canadian Dollar since yesterday's trading session. The exchange rate tested the 38.20% Fibonacci retracement level at 1.3237 during the morning hours on Tuesday.
The AUD/USD currency pair has declined by about 45 basis points since Monday's trading session. The100– hour simple moving average at 0.6752 provided support for the Aussie on Monday.
The common European currency traded with low volatility against the Japanese Yen on Monday. The currency pair made about 30 pips movement during yesterday's trading session.
On Monday, the commodity price was testing the resistance of the 55, 100 and 200-hour simple moving averages and a monthly pivot point at 1,498.30.
On Monday, the GBP/USD rate was heading to the support of the weekly pivot point at 1.2520, which soon could be supported by the 55-hour simple moving average.
On Monday morning, the EUR/USD was surging after bouncing off the support levels from 1.1015 to 1.1020. The rate was expected to test the resistance of the monthly pivot point at the 1.1045 level.
On Friday, the rate stood at the support of the 55-hour simple moving average at 108.05.
The New Zealand Dollar appreciated by 35 basis points against the US Dollar on Friday.
Downside risks have dominated the US Dollar against the Canadian Dollar since Friday's trading session. The currency pair depreciated by about 117 basis points on Friday.
The Australian Dollar has been appreciating in an ascending channel pattern against the US Dollar since October 10. The exchange rate reversed south from the upper line of an ascending channel pattern at 0.6808.
On Friday, the European single currency surged by about 118 basis points against the Japanese Yen. However, after hitting the monthly R1 at 119.90, the currency pair made a U-turn south.
Yesterday, the XAU/USD exchange rate declined to the lower boundary of the short-term ascending channel at 1,491.25. During Friday morning, the rate was trading near the given line.
On Thursday, the USD/JPY currency pair raised to the resistance level formed by the weekly R1 at 108.13. During today's morning, the pair was testing the given resistance.
Yesterday, the GBP/USD exchange rate skyrocketed to the 1.2450 level. During Friday morning, the rate was testing the weekly R2 located at the 1.2528 mark.
On Thursday, the EUR/USD currency pair tried to surpass the resistance level formed by the weekly R1 at 1.1028. During today's morning, the pair was trading near the given resistance.
Bullish sentiment has dominated the New Zealand Dollar against the US Dollar since yesterday's trading session. The currency pair has appreciated about 0.94% in value.