The yellow metal remains in the range between the two support zones that were marked last week. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. In the meantime, it was spotted on Monday that the metal's price was being impacted for short time periods by he 55, 100 and
The USD/JPY reached the June high level at 109.83 where a 61.80% Fibonacci retracement level is located at. The rate reached the target faster than forecast, as the pair broke the narrow channel up pattern, which had guided the rate before. Afterwards, two attempts to pass the Fibonacci retracement level were made and both failed. By the middle of Monday's
The GBP/USD started the week with a sharp surge, which broke various resistance levels. By the middle of Monday's European trading hours, the pair had reached above the 1.3840 level. In the meantime, the rate's recent surge revealed a channel up pattern. The pattern captures the rate's surge, which has been occurring since March 25. The channel's borders could provide both
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the
The New Zealand Dollar surged 35 pips or 0.50% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The US Dollar declined by 49 pips or 0.39% against the Canadian Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern during Friday's trading session.
The Australian Dollar surged by 53 pips or 0.69% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The single European currency surged by 85 pips or 0.66% against the Japanese Yen on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The yellow metal continued to trade sideways in a wide range. On Friday, analysts marked the borders of the zone. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. A large scale fundamental event could end the sideways trading. In the case of a decline, the 1,720.00 and
Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start of
The support of the 1.3670/1.3675 zone was enough for the currency exchange rate to break the channel down pattern. Moreover, by the middle of Friday's trading, the rate had passed the resistance of the 55 and 100-hour simple moving averages. At mid-day, the rate found some resistance in the weekly S1 simple pivot point at 1.3787. If the rate passes the
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Take into account that the 1.1800
The New Zealand Dollar declined by 31 pips or 0.44% against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average at 0.6970 on Friday morning.
The US Dollar surged by 67 pips or 0.54% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar declined 31 pips or 0.41% against the US Dollar on Thursday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
The common European currency declined by 48 pips or 0.37% against the Japanese Yen on Thursday. The currency pair tested the weekly S2 at 128.51 during yesterday's trading session.
Since the start of Wednesday's trading, the yellow metal has been trading between the 1,730.00 and 1,740.00 levels. In the meantime, the price is being slightly impacted by the hourly simple moving averages and the Fibonacci retracement levels of the March 18 high and the March 12 low levels. In regards to the near term future, the rate is highly likely
The resistance of the 55-hour simple moving average did not hold out on Wednesday. Moreover, by the middle of Thursday's European trading hours, the rate passed the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point. Namely, at mid-day the rate had reached above the 109.00 level and the US Dollar had regained all
The GBP/USD remains in a channel down pattern, which has guided the rate since March 18. However, the decline has not reached a new low level, as the rate appears to have found support in the 1.3670/1.3675 level. In regards to the near term future, the rate was expected to get squeezed in between the mentioned support zone and the upper
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. In the case of the 1.1800 support holding, the rate could retrace back up and face the 55-hour simple moving average
The New Zealand Dollar declined by 42 pips or 0.60% against the US Dollar on Wednesday. The currency pair breached the weekly support line at 0.6983 during Wednesday's session.
The US Dollar declined by 53 pips or 0.42% against the Canadian Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The Australian Dollar declined by 54 pips or 0.70% against the US Dollar on Wednesday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
The Eurozone single currency declined by 52 pips or 0.41% against the Japanese Yen on Wednesday. The decline was stopped by the weekly support level at 128.51 during Wednesday's trading session.