During the previous trading session, the XAU/USD exchange rate consolidated in the 1,620.00 area. During Monday morning, the rate raised to the local resistance level at 1,640.00.
On Friday, the USD/JPY currency pair traded upwards. During today's morning, the pair raised to the resistance formed by the Fibo 23.60% and the weekly R1 in the 109.30 area.
At the end of last week, the GBP/USD exchange rate dropped to the support provided by the 200-hour SMA in the 1.2235 area. During Monday morning, the rate reversed north.
On Friday, the EUR/USD currency pair consolidated in the 1.0800 area. During today's morning, the pair maintained its consolidation.
On Friday, the New Zealand Dollar declined by 70 pips or 1.18% against the US Dollar. The decline began after the exchange rate tested a resistance cluster formed by the 50– and 200– hour SMAs at 0.5917.
The US Dollar surged by 155 pips or 1.10% against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.
The Australian Dollar declined by 88 pips or 1.45% in value against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
The common European currency has surged by 132 pips or 1.13% in value against the Japanese Yen since Friday's trading session.
On Thursday, the XAU/USD exchange rate raised to the 1,610.00 level. During today's morning, the rate was consolidating at the given level.
Yesterday, the USD/JPY currency pair tried to exceed the 108.00 level. During Friday morning, the pair surpassed the given mark.
Yesterday, the GBP/USD exchange rate continued to trade sideways in the 1.2400 area. During Friday morning, the rate pierced the support level—the monthly PP at 1.2345.
On Thursday, the EUR/USD currency pair declined to the 1.0850 level. During today's morning, the pair was broke the support level—the weekly S1 at 1.0805.
The junior descending channel has continued to pressure the New Zealand Dollar lower against the US Dollar. The currency pair has declined by 95 basis points or 1.59% in value since yesterday's trading session.
During the first half of Thursday's trading session, the US Dollar surged by 191 basis points against the Canadian Dollar. However, the currency surrendered the entire gains by the end of the session.
The Australian Dollar declined by 98 basis points or 1.61% in value against the US Dollar on Thursday.
The 50– hour simple moving average has been driving the EUR/JPY currency pair lower since March 27. The pair tested March 9 lows at 116.26 during Thursday's trading session.
On Wednesday, the XAU/USD exchange rate failed to surpass the 1,600.00 level. During today's morning, the rate was trading at the 1,590.00 mark.
Yesterday, the USD/JPY currency pair consolidated in the 107.50 area. During Thursday morning, the pair maintained its consolidation.
Yesterday, the GBP/USD exchange rate maintained its consolidation in the 1.2400 area. During Thursday morning, the rate continued to consolidate.
On Wednesday, the EUR/USD currency pair consolidated in the 1.0950 area. During today's morning, the pair was testing the support provided by the 200-hour SMA near 1.0900.
The NZD/USD currency pair has revealed a new junior descending channel. The channel pattern guided the price during yesterday's trading session.
The US Dollar surged by 153 pips or 1.08% in value against the Canadian Dollar on Wednesday. The currency pair tested the 200– hour simple moving average at 1.4234 during Wednesday's trading session.
The Australian Dollar declined by 97 pips or 1.58% in value against the US Dollar on Wednesday. The currency pair breached the 50– and 100– hour simple moving average during yesterday's trading session.
The common European currency declined by 188 pips or 1.58% in value against the Japanese Yen on Wednesday. The currency pair tested the 117.00 area during yesterday's trading session.