Upside momentum has dominated the New Zealand Dollar versus the US Dollar since yesterday's trading session. The currency pair breached the upper boundary of a descending channel pattern at 0.6302 during the European session on Thursday.
The movement of the USD/CAD currency pair was guided by the 100– hour simple moving average on Wednesday. The rate was unable to surpass the 38.20% Fibonacci retracement level at 1.3237.
The Australian Dollar has appreciated by 1.03% in value against the US Dollar since Tuesday.
The common European currency appreciated by 70 basis points against the Japanese Yen on Wednesday. The currency pair was guided up by the 50– hour simple moving average throughout yesterday's trading session.
Yesterday, the XAU/USD exchange rate dropped to the psychological level at 1,480.00. During Wednesday morning, the rate was trading near the given level.
On Tuesday, the USD/JPY currency pair reached the psychological level at 108.80. During today's morning, the pair was trading near the given level.
Yesterday, the GBP/USD exchange rate tried to surpass the resistance level at 1.2760. During Wednesday morning, the rate was still testing the given resistance.
On Tuesday, the EUR/USD currency pair re-tested the lower boundary of the medium-term ascending channel at 1.0993. During today's morning, the pair was testing the resistance level—the monthly R1 at 1.1045.
The New Zealand Dollar made about 53 pips movement against the US Dollar on Tuesday. The 100– and 200– hour SMAs provided resistance for the exchange rate at 0.6307 during yesterday's trading session.
The US Dollar fell against the Canadian Dollar on Tuesday after the USD/CAD currency pair tested the 38.20% Fibonacci retracement level at 1.3237.
The Australian Dollar has been depreciating in a junior descending channel against the US Dollar since October 11. The currency pair depreciated about 42 basis points on Tuesday.
The Eurozone single currency appreciated about 97 basis points against the Japanese Yen on Tuesday. The 100– hour SMA guided the currency pair higher during Tuesday's trading session.
On Tuesday, the yellow metal's price remained below the 1,500.00 level, as it was kept down by a monthly pivot point at 1,498.29.
By the middle of Tuesday's London trading, the USD/JPY had retreated below the 55-hour simple moving average, which was located at the 108.30 level.
By the middle of the day, the rate had tested the resistance of the 1.2700 level, which managed to hold.
The EUR/USD has broken the ascending channel pattern of the hourly chart and declined below the 55-hour SMA.
The New Zealand Dollar appreciated by 33 basis points against the US Dollar during Monday's trading session. The currency pair has revealed a new junior descending channel pattern.
The US Dollar has appreciated by about 42 basis points against the Canadian Dollar since yesterday's trading session. The exchange rate tested the 38.20% Fibonacci retracement level at 1.3237 during the morning hours on Tuesday.
The AUD/USD currency pair has declined by about 45 basis points since Monday's trading session. The100– hour simple moving average at 0.6752 provided support for the Aussie on Monday.
The common European currency traded with low volatility against the Japanese Yen on Monday. The currency pair made about 30 pips movement during yesterday's trading session.
On Monday, the commodity price was testing the resistance of the 55, 100 and 200-hour simple moving averages and a monthly pivot point at 1,498.30.
On Monday, the GBP/USD rate was heading to the support of the weekly pivot point at 1.2520, which soon could be supported by the 55-hour simple moving average.
On Monday morning, the EUR/USD was surging after bouncing off the support levels from 1.1015 to 1.1020. The rate was expected to test the resistance of the monthly pivot point at the 1.1045 level.
On Friday, the rate stood at the support of the 55-hour simple moving average at 108.05.