During yesterday's trading session, the USD/JPY currency rate tried to surpass the support level—the weekly R1 at 111.32.
Yesterday the GBP/USD currency pair re-tested the lower boundary of the medium-term ascending channel at 1.3014 and skyrocketed towards the Fibonacci 36.10% retracement at 1.3162.
During Tuesday's trading session the Euro traded at the 1.1200 level against the US Dollar. On Wednesday morning, the currency pair jumped to the psychological level at 1.1240.
During Monday's trading session, the yellow metal depreciated to the 1,285.00 level to pass the support level of the 23.60% Fibonacci retracement level. On Tuesday morning, the rate was located at the 1,288.28 mark.
During Monday's trading session, the Japanese Yen appreciated against the US Dollar to break the medium pattern line at the 111.10 mark. On Tuesday morning, the currency exchange rate was located above the weekly R1 at 111.33.
During Monday's trading session, the currency exchange rate was retraced by the 200-hour simple moving average to pass through most of the technical indicators. On Tuesday morning, the rate was located at the 55-hour simple moving average at the 1.3065 mark.
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During Monday's trading session, the currency exchange rate depreciated to the 1.1200 level as it was predicted! On Tuesday morning, the rate passed through the support level of the 61.80% Fibo to be located at the 1.1203 mark. Note, the chart was fully reviewed to make changes to the patterns!
The US Dollar depreciated about 63 base points against the Canadian Dollar on Monday. The decline was stopped by a support cluster formed by the combinations of the weekly and the monthly PPs at 1.3317.
The Australian Dollar depreciated about 32 base points against the US Dollar on Monday. The decline was stopped by a support cluster formed by the combination of the 50– and 200-hour SMAs and the weekly PP at 0.7103.
The single European currency appreciated about 50 base points against the Japanese Yen on Monday. The currency pair breached the 200-hour simple moving average during yesterday's trading session.
The New Zealand Dollar appreciated about 51 base points against the US Dollar on Friday. The currency pair breached the 50-hour simple moving average during Friday's trading session.
During Friday's trading session, the yellow metal traded sideways to end the day at 1,290.00. On Monday morning, the rate was located below the 23.60% Fibonacci retracement level at the 1,290.73 mark.
The US Dollar depreciated against the Canadian Dollar, following the Canadian GDP release on Friday at 12:30 GMT. The USD/CAD currency pair lost 54 pips or 0.40% right after the release. The US Dollar continued trading at the 1.3370 level against the Canadian Dollar.
During Friday's trading session, the currency exchange rate was supported by the 200-hour simple moving average to break the resistance of the 61.80% Fibo to end the day at 110.80. On Monday morning, the rate broke through the medium pattern line to be located at the 111.05 mark.
During Friday's trading session, the 55-hour simple moving average retraced the currency exchange rate to the 1.3000 level. On Monday morning, the British Pound appreciated against the US Dollar to the 1.3074 mark.
During Friday's trading session, the European Single Currency broke the previously drawn pattern line to end the trading day at 1.1200. On Monday morning, the rate broke through the resistance level of the 55-hour simple moving average to the 1.1241 mark.
The Australian Dollar appreciated about 49 base points against the US Dollar on Friday. The currency pair breached both the 100– and 200-hour SMAs during Friday's trading session.
The common European currency appreciated about 59 base points against the Japanese Yen on Friday. The currency pair was supported by the 50-hour simple moving average.
The New Zealand Dollar has depreciated about 50 base points against the US Dollar since Thursday's trading session. The decline was stopped by the weekly S2 at 0.6771.
During the last 24 hours, the US Dollar has appreciated about 55 base points against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.3400 during yesterday's trading session.
Downside risks prevailed in the market on Thursday, thus allowing the Australian Dollar to decline about 41 base points against the US Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 0.7064.
The single European currency is gradually gaining strength against the Japanese Yen. The currency pair gained about 79 base points during Thursday's trading session.
During Thursday's trading session, the yellow metal depreciated against the US Dollar by the 1633 base points or 1.25% to end the day at 1,285.00. On Friday morning, gold was located above the 23.60% Fibonacci retracement level at the 1,291.93 mark.