The US Dollar surged by 57 pips or 0.45% against the Canadian Dollar on Wednesday. The currency pair tested a resistance level at 1.2634 during yesterday's trading session.
The British Pound declined by 128 pips or 0.84% against the Japanese Yen on Wednesday. The currency pair breached the 151.00 level during Wednesday's trading session.
The Australian Dollar declined by 66 pips or 0.86% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7600 level during Wednesday's trading session.
The common European currency declined by 33 pips or 0.25% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
During the second part of Tuesday's trading, the yellow metal's price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday's trading, the price was trading near the 1,740.00 level. In the meantime, the price was being approached by the support of the 55-hour simple moving
Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. In the case of the rate passing the resistance of the 109.91/109.94 zone, the pair could reach for the 55-hour
On Wednesday morning, the GBP/USD confirmed that it would trade in the borders of the recently discovered channel up pattern. It did so by respecting the lower trend line of the pattern and recovering from it. In theory, the pair should now continue to surge in the pattern's borders until it would reach the upper trend line of the channel. In
On Tuesday, the EUR/USD managed to break the resistance of the zone near the 1.1840 level. It resulted in a surge to the 1.1880 zone, which held the rate down from 18:00 GMT up to the time of writing 11:00 GMT. If the resistance of the zone fails to keep the EUR/USD down, the currency exchange rate could reach
Upside risks have dominated the USD/CAD currency pair since yesterday's trading session. The US Dollar has edged higher by 100 pips or 0.80% against the Canadian Dollar since Wednesday's session.
Downside risks have dominated the British Pound against the Japanese Yen since yesterday's trading session. The currency pair tested the weekly support level at 151.29 on Wednesday morning.
The Australian Dollar surged by 61 pips or 0.80% against the US Dollar on Tuesday. The AUD/USD currency pair tested a resistance level at the 0.7667 level during Tuesday's trading session.
During the first half of yesterday's trading session, the Eurozone single currency declined by 63 pips or 0.48% against the Japanese Yen. However, the Euro rebounded from a support level at 129.85 at the end of the day.
Last week, the yellow metal broke the resistance zone near 1,725.00 and surged above it. Afterwards, the zone was confirmed as support before the surge of the commodity price resumed. On Tuesday, the bullion's price was heading to the resistance zone above the 1,745.00 level. This zone provide the metal with resistance during the second part of March. Namely, it
At mid-day on Tuesday, the USD/JPY passed the support of the 200-hour simple moving average, which kept the rate up since the middle of Friday. During the day's US trading hours, the rate was finding support in technical levels near 109.80. Support was being provided by the weekly S1 simple pivot point at 109.76 and the 61.80% Fibonacci retracement level
On Tuesday, the GBP/USD declined and with it revealed a channel up pattern, which has guided the rate since the second part of March. In the meantime, the rate appeared to respect the support of the 1.3800/1.3820 zone. In addition, at mid-day on Tuesday, the rate started to respect the resistance of the 55-hour simple moving average. In the case of
On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. In the case of the resistance levels holding, the pair would most likely decline to the 1.1820 level,
Downside risks dominated the US Dollar against the Canadian Dollar on Monday. The USD/CAD exchange rate fell by 81 pips or 0.64% during yesterday's trading session.
On Monday, the British Pound surged by 42 pips or 0.27% against the Japanese Yen. The currency pair was guided by the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 54 pips or 0.71% against the US Dollar on Monday. The currency pair bounced off from a support cluster formed by the 50– and 200– hour SMAs at 0.7613 during yesterday's trading session.
The common European currency surged by30 pips or 0.23% against the Japanese Yen on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The support of the zone near the 1,680.00 level eventually caused a surge. It resulted in a surge, which by the middle of Thursday's trading hours had reached the 1,720.00 level. In the meantime, note the resistance cluster above the 1,721.00 level. The March 23 to 30 low level zone together with the 200-hour simple moving average had turned into
Since Wednesday's morning trading hours, the USD/JPY has traded sideways below the 110.80 level. The rate faces a resistance zone from 110.80 to 111.00. In the meantime, the support of the 55-hour simple moving average had caught up with the rate. In the case of the 55-hour simple moving average providing support and causing a surge, the rate could pierce
It appeared on Thursday, that in addition to ignoring the technical levels the GBP/USD has started to also ignore the resistance and support of round exchange rate levels. Meanwhile, it was spotted that there is a resistance zone above the 1.3800 level. In the case of the resistance zone holding, the pair could trade sideways below the 1.3800 level or decline.
The EUR/USD found resistance on Wednesday in the 1.1760 level, which caused a decline to the 1.1715 level. In the meantime, the rate was being approached by the 100-hour simple moving average, which had reached the 1.1750 level. In the near term future, the rate could be pushed down by the 100-hour simple moving average. The SMA could push the