The single European currency depreciated about 46 base points against the Japanese Yen on Tuesday. The 200-hour simple moving average provided support for the currency pair at 120.90.
Since Friday, the yellow metal has traded almost sideways in limbo around the hourly simple moving averages, which all met at the middle of Friday.
The USD/JPY bounced off the resistance of the 108.90 level, on Tuesday morning. At that level the rate met with a monthly pivot point, which managed to force the rate down.
On Tuesday morning, the decline of the GBP/USD had reached below the last weekly pivot point. Namely, the rate had no technical support as low as the historical low level of 2017 at 1.1978.
On Tuesday morning, the EUR/USD was finding support in the 55 and 100-hour simple moving averages near 1.1135. Meanwhile, the rate was facing the resistance of the weekly pivot point at 1.1153.
The New Zealand Dollar maintained the descending channel pattern against the US Dollar on Monday. The 50– hour simple moving average provided resistance for the currency pair at 0.6633 during Tuesday's session.
The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair made about 31 base points movement during yesterday's trading session.
The Australian Dollar has been trading sideways movement against the US Dollar since yesterday's trading session. The monthly S1 at 0.6895 provided support for the currency pair on Monday.
The common European currency bounced off a support level formed by the 100-hour simple moving average at 120.74 on Monday. As a result, the currency pair gained about 64 base points during yesterday's trading session.
The New Zealand Dollar has been pressured south against the US Dollar by the 50-hour simple moving average since July 22. The currency pair breached the monthly pivot point at 0.6643 on Friday.
The 50-hour simple moving average was providing support for the US Dollar against the Canadian Dollar at 1.3158 during the morning hours of Monday's trading session.
The Australian Dollar has been guided lower against the US Dollar by the 50-hour simple moving average. The currency pair reached a three-week low at 0.6907 during the Asian session on Monday.
The single European currency is currently trading in a narrow descending channel pattern against the Japanese Yen.
On Thursday, the price for gold fell to the psychological level at 1,415.00. During today's morning, the XAU/USD exchange rate raised to the resistance level formed by the 55-, 100– and 200-hour SMAs at 1,422.00.
Yesterday, the USD/JPY currency pair jumped to the psychological level at 108.70. During Friday's morning, the rate was trading at the given level.
During previous trading session, the GBP/USD exchange rate tumbled to the psychological level at 1.2440. During Friday's morning, the rate traded at the given level.
During Thursday, the EUR/USD currency pair tried to surpass the resistance level formed by the weekly S1 at 1.1187. During today's morning, the pair was testing the resistance level formed by the 55-hour SMA and the weekly S2 at 1.1152.
The New Zealand Dollar versus the US Dollar reached the given target at 0.6643, as predicted on Thursday. The currency pair was trading near a support cluster formed by the weekly and the monthly support levels during the following hours of today's trading session.
During the past 24 hours of trading, the US Dollar has depreciated about 0.45% in value against the Canadian Dollar. The 100-hour simple moving average provided support for the pair at 1.3108 during yesterday's session.
The Australian Dollar has depreciated about 52 base points against the US Dollar since yesterday's trading session. The currency pair was guided by a junior descending channel pattern.
The EUR/JPY currency pair appreciated about 1.08% in value during yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern.
During the previous trading session, gold traded sideways against the US Dollar within the cluster formed by the 100– and 200-hour SMAs, located at 1,425.73 and 1,421.09 respectively.
On Wednesday, the USD/JPY currency pair traded sideways, trying to breach the support cluster formed by the 55-, 100– and 200-hour SMAs in the 107.96/108.14 range.
Yesterday, the GBP/USD exchange rate skyrocketed to the 1.2520 level and reversed south to the 1.2470 mark.