On Tuesday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel at 1.1200. During today's morning, the pair reversed north from the given line.
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Tuesday. The decline was stopped by the 100-hour simple moving average at 0.6698.
The US Dollar appreciated about 69 base points against the Canadian Dollar on Tuesday. The currency pair tested the upper line of a descending trendline at 1.3092 at the end of yesterday's trading session.
The Australian Dollar depreciated about 35 base points against the US Dollar on Tuesday. The decline could be considered to be a brief retracement from the upper boundary of an ascending channel pattern.
The common European currency has continued to edge lower against the Japanese Yen. The currency pair lost about 0.48% in value during yesterday's trading session.
By the middle of Tuesday's London trading session, the yellow metal's price was located near previous day's trading levels, as the hourly simple moving averages had managed to keep the price from declining.
The USD/JPY on Tuesday morning remained above the support of the round level of 107.80 and the monthly pivot point at 107.84. The rate had even made an attempt to surge and test the resistance of the 55-hour simple moving average.
GBP/USD plummeted like a brick on Tuesday. The financial media blamed Brexit fears.
On Tuesday morning, the EUR/USD was declining below the support levels at 1.1250. In general, the rate passed its technical support levels during the moments that they stood each on its own.
The New Zealand Dollar appreciated about 46 base points against the US Dollar on Monday. However, the currency pair failed to breach the weekly resistance level at 0.6743 during yesterday's trading session.
During yesterday's trading session, the US Dollar appreciated about 33 base points against the Canadian Dollar. The currency pair breached the 50-hour simple moving average at 1.3038.
A breakout through the lower boundary of a descending channel pattern occurred during the morning hours of today's trading session.
The common European currency depreciated about 43 base points against the Japanese Yen on Monday. The currency pair reversed south from a resistance cluster formed by the combination of the weekly pivot point and the 200-hour simple moving average during yesterday's trading session.
Gold has made an attempt to surge, which was stopped by the psychological resistance of the 1,420.00 level.
On Monday, the USD/JPY traded above the monthly pivot point that is located at 107.84.
During the early hours of Monday's London trading session, the GBP/USD had retreated down to the technical support levels near 1.2545.
On Monday morning, the EUR/USD traded above the support of the 55-hour simple moving average. Meanwhile, the rate had no technical resistance as high as the weekly R1 at 1.1307.
The NZD/USD currency pair has been trading up since July 10 after the pair made a U-turn from the lower boundary of a narrow ascending channel pattern at 0.6565.
The US Dollar depreciated about 48 base points against the Canadian Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average during the previous trading session.
The Australian Dollar has been appreciating gradually against the US Dollar since July 10. The currency pair bounced off from the bottom border of a narrow ascending channel at 0.6911 on July 10 and had since gained about 1.83% in value during the short period.
The Eurozone single currency depreciated about 73 base points against the Japanese Yen on Friday. The decline began after the currency pair tested a resistance level formed by the monthly pivot point at 122.23.
Yesterday, the XAU/USD exchange rate declined to the support level formed by the 55-, 100– and 200-hour SMAs, located circa 1405.00. During Friday's morning, the rate was testing the given support.
On Thursday, the USD/JPY currency pair tried to surpass the resistance formed by the 55– and 100-hour SMAs, located circa 108.50. During today's morning, the rate was testing the support formed by the 200-hour SMA at 108.28.
During the previous trading session, the GBP/USD exchange rate tested the weekly PP at 1.2574. During today's morning, the pair was testing the resistance level formed by the 200-hour SMA and the monthly S1 at 1.2545.