On Wednesday, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly S2 at 106.54. During today's morning, the pair declined to the lower boundary of the short-term ascending channel at 106.30.
During the previous trading session, the GBP/USD exchange rate traded sideways around the psychological level at 1.2130. During today's morning, the rate continued to trade at the given level.
Yesterday, the EUR/USD currency pair consolidated in the 1.1080/1.1100 area. During Thursday's morning, the pair continued to trade sideways within the given area.
The New Zealand Dollar traded against the US Dollar just as expected on Wednesday, as the currency pair breached a support cluster formed by the weekly S2 and the monthly S2, which is located at the 0.6380 area.
The US Dollar depreciated about 60 pips against the Canadian Dollar on Wednesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.3266 during yesterday's trading session.
The Australian Dollar appreciated about 0.38% in value against the US Dollar during the first half of Wednesday's trading session. Though, the currency pair erased the earlier gain at the end of yesterday's trading.
During the first half of Thursday's trading session, the common European currency paused its decline against the Japanese Yen, which occurred during Wednesday's trading. The Euro stopped just near the 117.60 level.
Yesterday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55-, 100– and 200-hour SMAs located in the 1,502.03/1,508.53 range. During today's morning, the rate was still testing the given resistance.
During the previous trading session, the USD/JPY currency pair tested the support of the 100-hour SMA. During Wednesday morning, the pair was trying to surpass the resistance level—the monthly S2 at 106.54.
Yesterday, the GBP/USD exchange rate skyrocketed to the psychological level at 1.2180. During Wednesday morning, the rate declined to the 1.2140 mark.
During Tuesday, the EUR/USD currency pair tried to surpass the resistance formed by the 100-hour SMA at 1.1098. During today's morning, the pair was testing the given support.
The bearish momentum prevailed on Tuesday, causing the NZD/USD exchange rate to fall under the weekly S1 at 0.6411, thus, opening the door for the pair to hit two weeks low.
A resistance cluster, formed by the monthly R2 and the weekly R1 near the 1.3347 regions restricted the movement of the USD/CAD currency pair during yesterday's trading session.
The bullish momentum prevailed in the market on Tuesday, allowing the AUD/USD currency pair to surge towards a swing high at 0.6790.
The single European currency depreciated by 0.50% in value against the Japanese Yen on Tuesday. The currency pair paused the decline at the end of the previous trading session.
Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,495.00/ During today's morning, the rate was testing the resistance formed by the 55-, 100– and 200-hour SMAs, located circa 1,507.00.
During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly S2 at 106.54. During Tuesday morning, the pair was testing the support of the 55– and 100-hour SMAs located circa 106.30.
Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2140. During today's morning, the rate declined to the 1.2100 mark.
Yesterday, the EUR/USD currency pair traded sideways, trying to surpass the resistance of the 55-hour SMA at 1.1090. During Tuesday morning, the pair was still testing the given resistance.
Downside risks have continued to dominate the New Zealand Dollar against the Japanese Yen. The currency pair has depreciated by 0.45% in value since yesterday's trading session.
Upside risks dominated the US Dollar versus the Canadian Dollar on Monday. As a result, the USD/CD currency pair surged by 84 basis points during yesterday's trading session.
On Monday, the AUD/USD currency pair edged lower by 0.49% in value. The Australian Dollar was pressured south by both the 50-, 100– and 200– hour simple moving averages.
The common European currency appreciated about 59 basis points against the Japanese Yen on Monday. The surge was stopped by a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 118.38 during yesterday's trading session.
During Friday, the XAU/USD exchange rat traded sideways around the psychological level at 1,510.00. During today's morning, the rate declined to the 1,500.00 level.