On Thursday, the XAU/USD exchange rate breached the ascending triangle pattern north. During today's morning, the rate was trading near the resistance level at 1,740.00.
Yesterday, the USD/JPY currency pair revealed a rising wedge pattern. During Friday morning, the pair was trading near the lower pattern line.
Yesterday, the GBP/USD exchange rate consolidated near the support level—the Fibo 38.20% at 1.2190. During Friday morning, the rate maintained its consolidation.
On Thursday, the EUR/USD currency pair broke the lower boundary of the short-term ascending channel. During today's morning, the pair was testing the resistance formed by the 55-, 100– and 200-hour SMAs in the 1.0830 area.
The New Zealand Dollar surged by 51 basis points or 0.85% against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average during Thursday's session.
The US Dollar declined by 100 basis points or 0.71% against the Canadian Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session.
The Australian Dollar surged by 63 basis points or 0.99% against the US Dollar on Thursday. The currency pair tested the 200– hour simple moving average at 0.6469 during Thursday's session.
The common European currency surged by 67 basis points or 0.58% against the Japanese Yen on Thursday. The surged was stopped by the 100– hour simple moving average during Thursday's trading session.
On Wednesday, the XAU/USD exchange rate reversed north from the lower boundary of the ascending triangle pattern. During today's morning, the rate was trading near the upper pattern line at 1,722.00.
Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the Fibo 38.20% and the 200-hour SMA near 106.80. During Thursday morning, the pair continued to test the given support.
The GBP/USD exchange rate has revealed a falling wedge pattern. During Thursday morning, the rate reversed north from the lower pattern line at 1.2190.
On Wednesday, the EUR/USD currency pair re-tested the upper boundary of the short-term ascending channel. During today's morning, the pair was testing the lower channel line near 1.0800.
The New Zealand Dollar declined by 104 pips or 1.71% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern on Thursday morning.
The US Dollar surged by 99 pips or 0.71% against the Canadian Dollar on Wednesday. The currency pair tested the upper boundary of a dominant descending channel pattern at 1.4102 during yesterday's trading session.
The Australian Dollar declined by 78 pips or 1.20% against the US Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 0.6419 during the Asian session on Thursday.
The common European currency declined by 68 pips or 0.58% against the Japanese Yen on Wednesday. A breakout occurred through the lower boundary of an ascending at 116.20 during yesterday's trading session.
On Tuesday, the XAU/USD exchange rate failed to surpass the 1,710.00 level. During today's morning, the rate was testing the lower line of the ascending triangle pattern.
Yesterday, the USD/JPY currency pair traded downwards. During Wednesday morning, the pair declined to the 107.00 mark.
Yesterday, the GBP/USD exchange rate declined to the 1.2260 level. During Wednesday morning, the rate was trying to surpass the weekly and monthly S1s at 1.2290.
On Tuesday, the EUR/USD currency pair revealed a short-term ascending channel. During today's morning, the pair was testing the support formed by the 55– and 100-hour SMAs near 1.0830.
The New Zealand Dollar has declined by 117 pips or 1.91% against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Wednesday.
The USD/CAD currency pair bounced off a support level formed by the 50– hour simple moving average on Tuesday.
During the first half of Tuesday's trading session, the Australian Dollar surged by 88 pips or 1.36% against the US Dollar. However, the currency pair yielded the earlier gains at the end of the session.
The 50– hour simple moving average guided the EUR/JPY currency pair on Tuesday. The exchange rate tested the upper border of an ascending channel pattern at 116.83 during Tuesday's trading session.