During the first part of Thursday's trading session, the New Zeland Dollar surged by 50 pips or 0.81% against the US Dollar. However, the currency pair abandoned the initial gains at the end of the US session on Thursday.
The US Dollar traded sideways against the Canadian Dollar on Thursday. The USD/CAD currency pair consolidated below the 1.3800 area during Thursday's trading session.
During the first half of Thursday's trading session, the Australian Dollar surged by 75 pips or 1.14% against the US Dollar. However, the currency pair abandoned the earlier gains at the end of the day.
The common European currency surged by 88 pips or 0.75% against the Japanese Yen on Thursday. The currency pair tested the upper boundary of an ascending channel pattern at 119.37 during yesterday's trading session.
On Wednesday, the XAU/USD exchange rate reversed north from the 1,700.00 level. During today's morning, the rate pierced the 100-hour SMA near 1,721.00.
Yesterday, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel at 107.95. During Thursday morning, the pair declined to 107.70.
On Wednesday, the GBP/USD exchange rate revealed a medium-term ascending channel. During today's morning, the rate was trading at 1.2260.
The EUR/USD currency pair has revealed a medium-term ascending channel. During Thursday morning, the pair was testing the weekly R1 at 1.1010.
The New Zealand Dollar declined by 71 basis points or 1.14% against the US Dollar on Wednesday. The decline was stopped by the 50– hour simple moving average during Wednesday's trading session.
The US Dollar has been trading between the range of 1.3818/1.3734 against the Canadian Dollar since Wednesday's trading sessions.
The Australian Dollar declined by 99 basis points or 1.48% against the US Dollar on Wednesday. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.
The Eurozone single currency surged by 105 basis points or 0.90% against the Japanese Yen on Wednesday. The currency pair breached the weekly resistance line at 118.67 during Wednesday's trading session.
Yesterday, the XAU/USD exchange rate tumbled to the 1,710.00 level. During Wednesday morning, the rate declined below the given level.
On Tuesday, the USD/JPY currency pair revealed a short-term ascending channel. During today's morning, the pair reversed north from the lower channel line.
Yesterday, the GBP/USD exchange rate touched the 1.2360 level. During Wednesday morning, the rate was testing the support formed by the weekly R1 and the monthly S1 at 1.2290.
On Tuesday, the EUR/USD currency pair raised to the 1.0995 level. During today's morning, the pair declined below 1.0960.
The New Zealand Dollar surged by 128 pips or 2.10% against the US Dollar on Tuesday. The currency pair breached the weekly resistance line at 0.6191 during yesterday's trading session.
The US Dollar plunged more than 200 pips or 1.46% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of a descending channel pattern at 1.3782 during Tuesday's trading session.
The Australian Dollar skyrocketed by 115 pips or 1.75% against the US Dollar on Tuesday. The currency pair breached the weekly resistance level at 0.6629 during yesterday's trading session.
The common European soared over 90 pips or 0.79% against the Japanese Yen on Tuesday. The exchange rate tested the 118.20 level during yesterday's trading session.
Yesterday, the XAU/USD exchange rate tested the lower line of the rising wedge pattern. During Tuesday morning, the rate breached the given pattern south.
On Monday, the USD/JPY currency pair traded sideways near 107.70. During today's morning, the pair touched the 107.90 level.
Yesterday, the GBP/USD exchange rate consolidated in the 1.2185 area. During Tuesday morning, the rate skyrocketed to 1.2320.
On Monday, the EUR/USD currency pair consolidated in the 1.0900 area. During today's morning, the pair skyrocketed to 1.0960.