The 50– hour simple moving average led the movement of the US Dollar against the Canadian Dollar on Monday. The currency pair appreciated about 50 basis points during the previous trading session.
On Monday, the XAU/USD exchange rate tried to surpass the support formed by the 55– and 100-hour SMAs circa 1,500.00. During today's morning, the rate continued to test the given support.
Yesterday, the USD/JPY currency pair surged to the 108.20 level. During Tuesday morning, the pair was trading at the given level.
During Monday, the GBP/USD exchange rate depreciated slightly against the US Dollar. During today's morning, the rate was testing the support provided by the 100-hour SMA at 1.2393.
Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1000. During Tuesday morning, the pair was trading near the given level.
The Australian Dollar has declined about 51 basis points against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of a horizontal channel at 0.6850 on Tuesday.
The single European currency depreciated about 79 basis points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100– hour SMAs at the end of the previous trading session.
Gold began this week's trading above the 1,500.00 mark. However, additional gains were being limited by the technical resistance of the 200-hour simple moving average just above the 1,510.00 level.
On Monday, the USD/JPY started the week with a gap down opening. The start of trading was highly volatile until the rate began trading in the range between the 55 and 100-hour simple moving averages near 107.90.
The New Zealand Dollar has revealed a new junior descending channel against the US Dollar. The currency pair depreciated by 38 basis points during Friday's trading session.
After touching the 1.2500 level on Friday, the GBP/USD began a decline, which was continuing on Monday morning.
The US Dollar appreciated about 77 basis points against the Canadian Dollar on Friday. The currency pair breached the monthly pivot point at 1.3277 during Friday's trading session.
On Monday morning, the EUR/USD exchange rate declined below the pivot point that is located at the 1.1069 level. Although, the rate still faced various support levels, which could cause a continuation of a surge.
The Australian Dollar versus the US Dollar has been trading in a horizontal channel since September 9. The currency pair retested the upper boundary of the channel pattern at 0.6886 during Friday's trading session.
A two-week junior ascending channel has guided the movement of the Eurozone single currency against the Japanese yen. The currency pair bounced off its lower boundary on September 12 and followed by a short-term upside wave.
On Thursday, the XAU/USD exchange rate tested the 200-hour moving average at the 1,517.00. During today's morning, the rate was trading at the 1,505.00 mark.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the weekly R2 at 108.13. During Friday morning, the pair was trading near the given resistance.
On Thursday, the GBP/USD exchange rate consolidated at the 1.2340 level. During today's morning, the rate surged to the resistance level formed by the weekly R1 and the monthly R2 at 1.2450.
Yesterday, the EUR/USD currency pair was volatile, and a breakout north from the falling wedge pattern occurred. During Friday morning, the pair was testing the weekly R1 at 1.1103.
The New Zealand Dollar has depreciated about 50 basis points against the US Dollar since yesterday's trading session. The currency pair breached both the channel pattern and the 50– and 100-hour SMAs at 0.6421 on Thursday.
The US Dollar versus the Canadian Dollar breached a resistance cluster formed by the weekly S1 and the 200– hour simple moving average at the 1.3217 regions during the morning hours of Friday's trading session.
The Australian traded within the range of 0.6856/0.6892 against the US Dollar during this week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6880 on Thursday.
During the first half of Thursday's trading session, bearish sentiment pressured the single European currency lower against the Japanese Yen. However, when the currency pair tested a support level formed by the 200– hour simple moving average at 117.71, bulls took control of the market.
The New Zealand Dollar has been trading in a one-week ascending channel pattern against the US Dollar. The currency pair tested its lower boundary at 0.6407 on Wednesday.