The US Dollar depreciated about 54 base points against the Canadian Dollar on Monday. The currency pair tested the lower boundary of a junior ascending channel pattern at 1.3390 during yesterday's trading session.
The Australian Dollar appreciated about 60 base points against the US Dollar on Monday. The currency pair dashed through both the 50-, 100– and 200– hour SMAs during Monday's trading session.
The common European currency is gradually edging higher against the Japanese Yen. The currency pair tested a resistance level formed by the 50-hour simple moving average at 124.79 during yesterday's trading session.
During Friday's trading session, the yellow metal was supported by the 55-hour simple moving average to end the day at 1,310.00. On Monday morning, the rate was retraced by the upper boundary of the medium pattern to allocate the rate at the 1,317.28 mark.
During Friday's trading session, the currency exchange rate ended the day at the 110.00 level, as it was expected! On Monday morning, the rate was located at the 110.17 mark.
During Friday's trading session, the British Pound appreciated against the US Dollar by 196 base points or 1.51%, breaking most of the technical indicators. On Monday morning, the rate was located between the 200-hour and the 100-hour simple moving averages at the 1.3197 mark.
During Friday's trading session, the currency exchange rate depreciated to 1.1260 passing the support levels of the simple moving averages. On Monday morning, the rate was located at the 1.1320 mark.
The New Zealand Dollar was trading in a horizontal line against the US Dollar on Friday. The 50– and 100-hour simple moving averages provided significant support and resistance for the currency pair during Friday's trading session.
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The Australian Dollar depreciated by about 40 base points against the US Dollar on Friday. The currency pair breached the 200-hour simple moving average at 0.7091 during Friday's trading session.
The common European currency depreciated about 237 base points against the Japanese Yen on Friday. The pair tested the lower band of a medium-term descending channel pattern at 123.82 during Friday's trading session.
The New Zealand Dollar depreciated about 78 base points against the US Dollar on Thursday. The decline was temporarily stopped by a support level formed by the 100-hour simple moving average at 0.6871.
Upside risks dominated USD/CAD on Thursday. The currency pair bounced off a support level formed by the weekly S1 at 1.3271 during the Asian session on Thursday. The pair ended yesterday's trading session with 124 base points gains.
Downside risk dominated the Australian Dollar against the US Dollar on Thursday. The Aussie depreciated about 1.07% in value against the Greenback during yesterday's trading session.
Downside risks have continued to dominate the single European currency against the Japanese Yen since yesterday's trading session. The currency pair has revealed a new junior descending channel pattern.
During Thursday's trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark.
During Thursday's trading session, the currency exchange rate traded sideways to end the trading day at 110.60. On Friday morning, the rate was located at the monthly pivot point at the 110.53 mark.
During Thursday's trading session, the currency exchange rate dropped by 107 pips or 0.81% to reach the weekly S1 at 1.3044. On Friday morning, the rate was retraced by the 50.00% Fibo to the 1.3115 mark.
During Thursday's trading session, the European Single Currency passed the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1.3800. On Friday morning, the rate passed through the support level of the 200-hour SMA to trade at the 1.1324 mark.
Upside momentum pressured the New Zealand Dollar higher against the US Dollar on Wednesday. The reason for the surge was mostly related to the US FOMC meeting. The currency pair gained about 107 base points during yesterday's trading session.
Downside risks prevailed in the market on Wednesday, thus sending the US Dollar to declined about 90 base points against the Canadian Dollar. The cause of the drop was mostly related to the US FOMC meeting.
Upside risks dominated the Australian Dollar versus the US Dollar on Wednesday. The currency pair has gained about 1.58% in value since Wednesday's trading session.
During Wednesday's trading session, the yellow metal appreciated against the US Dollar to 1,315.00 level breaking the pattern line at 1,310.00. On Thursday morning, gold was trading sideways at the 1,318.54 mark.
During Wednesday's trading session, the US Dollar depreciated against the Japanese Yen by 102 pips or 0.91 base point to end the trading session at 110.60. On Thursday morning, the US Dollar kept depreciating against the Japanese Yen to be located at the 110.44 mark.