The US Dollar depreciated about 37 basis points against the Canadian Dollar on Monday. Meanwhile, the overall market sentiment remained bearish during the first part of today's trading session.
The Australian Dollar reversed from the upper boundary of a descending channel pattern at 0.6760 against the US Dollar on Monday. The currency pair depreciated by 34 basis points during Monday's trading session.
The price movement of the common European currency against the Japanese Yen was guided by bullish sentiment. The currency pair appreciated about 74 basis points during yesterday's trading session.
Gold has remained near previous levels, as it failed to pass the resistance of the 1,515.00 level on Friday. The failure was attributed to the release of US Employment data on Friday, which strengthened the US Dollar.
During Monday's Asian trading session, the USD/JPY tested the resistance of the 55-hour simple moving average, which had held the rate down since Friday.
On Monday morning, the GBP/USD declined below the simple weekly pivot point and the three hourly simple moving averages, which are used by Dukascopy Analytics.
On Monday morning, the EUR/USD broke the lower trend line of the ascending wedge pattern, which guided it last week. However, the event does not necessarily signal a decline.
The New Zealand Dollar has depreciated by 46 pips against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel at 0.6285 during the European trading session on Monday.
The US Dollar continued to range between the 1.3345/1.3296 region against the Canadian Dollar on Friday. The currency pair tested the 50– hour simple moving average during the morning hours of today's trading session.
The Australian Dollar appreciated about 34 basis points against the US Dollar on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The common European currency appreciated about 38 basis points against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average at 117.35 during Friday's trading session.
On Thursday, the XAU/USD exchange rate tried to surpass the psychological level at 1,515.00. During today's morning, the rate was trading at the 1,510.00 mark.
Yesterday, the USD/JPY currency pair consolidated at the 106.80 level. During Friday morning, the pair maintained its consolidation.
On Thursday, the GBP/USD exchange rate jumped to the 1.2400 level. During today's morning, the rate was testing the support formed by the 200-hour SMA at 1.2340.
Yesterday, the EUR/USD currency pair reached the 1.0990 level. During Friday morning, the pair was trading at 1.0980 mark.
The New Zealand Dollar is gradually edging higher against the US Dollar in a junior ascending channel pattern. The currency pair appreciated about 56 basis points during yesterday's trading session.
The US Dollar was trading within the range of 1.3345/1.3296 against the Canadian Dollar during Thursday's trading session.
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. As a result, the currency pair appreciated by about 53 basis points during the following trading session.
The Eurozone single currency depreciated about 50 basis points against the Japanese Yen on Thursday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Yesterday, the XAU/USD exchange rate raised to the resistance level formed by the monthly PP and the 200-hour SMA circa 1,500.00. During Thursday, the rate was testing the given resistance.
On Wednesday, the USD/JPY currency pair dropped to the support level formed by the Fibonacci 23.60% retracement at 107.02. During today's morning, the pair was testing the given support.
Yesterday, the GBP/USD exchange rate reached the upper boundary of the medium-term descending channel at 1.2320. During Thursday morning, the rate was testing the given line.
On Wednesday, the EUR/USD currency pair jumped to the resistance cluster formed by the weekly and monthly PPs, as well the 200-hour SMA in the 1.0951/1.0965 range.
The New Zealand Dollar has appreciated about 77 basis points against the US Dollar since Wednesday's trading session.