On Wednesday, the XAU/USD exchange rate re-tested the lower boundary of the short-term ascending channel at 1,488.30. During today's morning, the rate was testing the resistance formed by the 55-, 100– and 200-hour SMAs circa 1,500.00.
Yesterday, the USD/JPY currency pair tested the resistance level formed by the Fibonacci 38.205 retracement at 108.44. During Thursday morning, the pair was testing the lower boundary of the short-term ascending channel at 107.82.
On Wednesday, the GBP/USD exchange rate consolidated at the 1.2480 level. During today's morning, the rate was testing the support formed by the 55– and 100-hour SMAs, as well the monthly R2 at 1.2459.
Yesterday, the EUR/USD currency pair was trading sideways in the 1.1020/1.1070 area. During Thursday morning, the pair was testing the resistance level—the monthly PP at 1.1069.
Bearish sentiment pressured the New Zealand Dollar against the US Dollar on Wednesday. The currency pair fell by 0.93% in value during yesterday's trading session.
The US Dollar appreciated about 63 basis points against the Canadian Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair at 1.3240 during yesterday's trading session.
The Australian Dollar has edged lower about 1.06% in value against the US Dollar since Wednesday's trading session. A breakout occurred through the lower boundary of a junior descending channel pattern at 0.6785 during the Asian trading session on Thursday.
The single European currency has depreciated about 79 basis point against the Japanese Yen since yesterday's trading session.
During Tuesday, the XAU/USD exchange rate traded sideways in the 1,500.00/1,505.00 area. During today's morning, the rate maintained its consolidation.
Yesterday, the US Dollar appreciated 0.67% against the Japanese Yen. During Wednesday morning, the USD/JPY currency pair traded sideways at the 108.20 level.
On Tuesday, the GBP/USD exchange rate jumped to the psychological level at 1.2500. During today's morning, the rate was testing the support level formed by the 55-hour SMA and the monthly R2 at 1.2459.
Yesterday, the EUR/USD currency pair increased to the resistance level formed by the monthly PP at 1.1069/ During Wednesday morning, the pair was testing the support formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP circa 1.1050.
The New Zealand Dollar appreciated about 40 basis points against the US Dollar on Tuesday. The currency pair tested the upper boundary if a descending channel pattern at 0.6360 during the previous trading session.
The US Dollar made a brief upside movement against the Canadian Dollar during Tuesday's trading session. However, the gains were limited by the monthly pivot point at 1.3277.
The Australian Dollar appreciated about 0.55% in value against the US Dollar on Tuesday.
The common European currency appreciated about 84 basis points against the Japanese Yen on Tuesday. The currency pair breached some significant resistance levels during yesterday's trading session.
Downside risks prevailed in the market on Monday, thus, allowing the New Zealand Dollar to depreciated about 52 basis points against the US Dollar.
The 50– hour simple moving average led the movement of the US Dollar against the Canadian Dollar on Monday. The currency pair appreciated about 50 basis points during the previous trading session.
On Monday, the XAU/USD exchange rate tried to surpass the support formed by the 55– and 100-hour SMAs circa 1,500.00. During today's morning, the rate continued to test the given support.
Yesterday, the USD/JPY currency pair surged to the 108.20 level. During Tuesday morning, the pair was trading at the given level.
During Monday, the GBP/USD exchange rate depreciated slightly against the US Dollar. During today's morning, the rate was testing the support provided by the 100-hour SMA at 1.2393.
Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1000. During Tuesday morning, the pair was trading near the given level.
The Australian Dollar has declined about 51 basis points against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of a horizontal channel at 0.6850 on Tuesday.
The single European currency depreciated about 79 basis points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100– hour SMAs at the end of the previous trading session.