During the previous trading session, the XAU/USD exchange rate traded downwards within the cluster formed by the Fibonacci 0.00% retracement at 1,509.17 and the psychological level at 1,490.00.
On Friday, the USD/JPY currency pair breached the long-term descending channel south. During Monday's morning, some downside potential still was prevailing in the market.
The GBP/USD exchange rate has renewed the 2018/2019 minimum, located at the 1.2021 mark. During today's morning, the rate reversed north.
During the end of the previous week, the EUR/USD currency pair tried to surpass the 1.1220 level. During Monday's morning, the pair dropped to the support level—the monthly PP at 1.1169.
The New Zealand Dollar depreciated about 38 basis points against the US Dollar on Friday. The currency pair was pressured by the 100– hour simple moving average during Friday's trading session.
The US Dollar depreciated about 68 basis points against the Canadian Dollar on Friday. The currency pair breached both the 50-, 100– and 200– hours SMAs during Friday's trading session.
The Australian Dollar depreciated about 40 basis points against the US Dollar on Friday. The currency pair is currently stranded between the simple moving averages.
The common European currency depreciated about 60 basis points against the Japanese Yen on Friday.
On Thursday, the XAU/USD exchange rate traded sideways at the psychological level at 1,500.00. During Friday's morning, the rate continued to consolidate.
During the previous trading session, the USD/JPY currency pair tested the lower boundary of the long-term descending channel at 105.85. During Friday morning, the pair continued to test the given channel line.
Yesterday, the GBP/USD exchange rate breached the short-term ascending channel south. During today's morning, the rate tested the 2018/2019 low at 1.2092.
During Thursday, the EUR/USD currency pair traded sideways at 1.1200 level. During today's morning, the pair continued to consolidate at the given level.
The New Zealand Dollar appreciated about 57 basis points against the US Dollar on Thursday. The currency pair tested a resistance level formed by the 100– hour simple moving average during yesterday's trading session.
During the previous trading session, the US Dollar depreciated about 85 basis points against the Canadian Dollar. The currency pair breached both the 50– and 100– hour SMAs.
As predicted on, the Australian Dollar versus the US Dollar tested a resistance level formed by the 200– hour simple moving average at 0.6810 during Thursday's trading session. The currency pair appreciated about 0.88% in value during the previous session.
During the past 24 hours of trading, the single European currency has depreciated about 75 basis points against the Japanese Yen. The pair was pressured south by the 50– and 100– hour SMAs, which provided resistance for the currency pair at 119.00 during yesterday's trading session.
During Wednesday, the XAU/USD exchange rate surpassed the psychological level at 1,500.00. During today's morning, the rate was trading sideways at the given level.
Yesterday, the USD/JPY currency pair traded sideways along the lower boundary of the long-term descending channel at 108.87. During today's morning, the pair maintained its consolidation.
During the previous trading session, the GBP/USD exchange rate tried to breach the short-term ascending channel south. During Thursday's morning, the rate was still testing the lower channel line at 1.2145.
During Wednesday, the EUR/USD currency pair traded within the cluster formed by the weekly R2 and the Fibonacci 38.20% retracement, located at 1.1234 and 1.1200 respectively.
The New Zealand Dollar bounced off the lower boundary of a descending channel pattern at 0.6385 during yesterday's trading session. The currency pair has since gained about 70 basis points.
After the US Dollar tested a resistance level at 1.3340, the currency pair made a U-turn south. The Greenback has depreciated about 0.50% in value against the Loonie since yesterday's trading session.
The Australian Dollar appreciated about 73 basis points against the US Dollar on Wednesday. The currency pair breached both the 50– and 100– hour SMAs at 0.6771 area during the Asian session on Thursday.
The common European currency depreciated about 68 basis points against the Japanese Yen on August 7. The currency pair tested the lower boundary of a triangle pattern at 118.50 during the end of yesterday's trading session.