On Monday, the EUR/USD currency pair surpassed the monthly S1 at 1.1220. During today's morning, the pair tested the support formed by the Fibonacci 38.20% retracement at 1.1200.
After the NZD/USD currency pair tested a resistance cluster formed by the combination of the weekly and the monthly pivot points near 0.6653, the New Zealand Dollar made a U-turn south.
Since Monday's trading session, the US Dollar has appreciated about 80 base points against the Canadian Dollar. The currency pair breached both the 50-, 100– and 200– hour SMAs during yesterday's session.
The AUD/USD currency pair has depreciated about 0.71% in value since yesterday's trading session. The pair is currently testing a support level formed by the weekly S1 at 0.6944.
Since the past 24 hours, the common European currency has appreciated about 61 base points against the Japanese Yen.
On Friday, the XAU/USD exchange rate tested the psychological level at 1,390.00. During Monday's morning, the rate was testing the resistance formed by the 55-, 100– and 200-hour SMAs, currently located circa 1,410.00.
During the previous trading session, the USD/JPY currency pair breached the medium-term descending channel north. During today's morning, the pair was trading near the upper boundary of the short-term ascending channel at 108.60.
During Friday, the GBP/USD exchange rate reversed north from the 2018/2019 minimum located at 1.2488. During today's morning, the rate was trading near the 1.2540 level.
At the end of previous week, the EUR/USD currency pair dropped to the support level formed by the monthly S1 at 1.1220. During Monday's morning, the pair was testing the given support.
The New Zealand Dollar fell by 91 base points against the US Dollar Friday. The decline began after the US Non-Farm Payroll data releases on Friday.
The US Dollar skyrocketed by 81 base points against the Canadian Dollar on Friday. The surge occurred after the US employment rate data release during Friday's trading session.
The Australian Dollar depreciated about 70 base points against the US Dollar on Friday. The decline began after the US macroeconomic data releases. The pair tested the monthly pivot point at 0.6961.
The single European currency has been trading in a horizontal channel against the Japanese Yen since July 3. The currency pair tested the upper border of the channel at 121.92 on Friday.
Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,425.00.
On Thursday, the USD/JPY currency pair traded sideways at the psychological level at 107.80. During Friday's morning, the pair jumped to the 108.00 mark.
During the previous trading session, the GBP/USD exchange rate traded sideways at the psychological level at 1.2580. During today's morning, the rate declined to the 1.2560 level.
Yesterday, the EUR/USD currency pair traded sideways, testing the support level formed by the weekly S3 at 1.1275. During Friday's morning, the pair breached the given support level.
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6694.
During the previous trading session, the US Dollar depreciated about 40 base points against the Canadian Dollar. The currency pair was pressured south by the 50-hour simple moving average.
The AUD/USD currency pair depreciated about 31 base points during yesterday's trading session. The decline was temporary stopped by the 50-hour simple moving average.
The EUR/JPY currency pair has continued to trade sideways during the morning hours of Friday's trading session. The 50-hour simple moving average provided support for the exchange rate at 121.63.
As it was expected previously, the price for gold declined to the support level formed by the 55-, 100– and 200-hour SMAs, located circa the 1,410.00 mark.
During Wednesday, the USD/JPY currency pair tried to surpass the resistance level formed the monthly PP at 107.84. During today's morning, the pair was testing the given resistance.
During the previous trading session, the GBP/USD exchange rate traded sideways around the 1.2580 level. No significant changes were observed during today's morning.