The US Dollar depreciated about 0.51% in value against the Canadian Dollar on Monday. A breakout occurred through the lower boundary of a medium-term ascending channel pattern at 1.3280 during Monday's trading session.
The Australian Dollar appreciated by 1.35% in value against the US Dollar on Monday. The currency pair made a U-turn down from the weekly R1 at 0.6785 during yesterday's trading session.
The common European currency appreciated about 154 basis points against the Japanese Yen on Monday. The surge was stopped by the 200-hour simple moving average at 117.98.
During the previous trading session, gold traded sideways against the US Dollar at the 1,530.00 level. During today's morning, the XAU/USD exchange rate maintained its consolidation.
Yesterday, the USD/JPY currency pair tried to surpass the resistance formed by the 55-, 100– and 200-hour SMAs in the 106.00/106.24 range. During Tuesday morning, the pair was trading at the 105.75 level.
During Monday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel at 1.2300. During today's morning, the rate was testing the support level—the weekly PP at 1.2220.
Yesterday, the EUR/USD currency pair declined to the support formed by the 55-, 100– and 200-hour SMAs, located circa 1.1110. During Tuesday morning, the pair was testing the given support.
On Friday, the XAU/USD exchange rate skyrocketed to the psychological level at 1,550.00. During today's morning, the rate declined to the 1,535.00 level.
During the previous trading session, the USD/JPY currency pair reached the 2017/2019 low at 104.67. During today's morning, the pair was testing the resistance level formed by the weekly PP and the monthly S3 at 105.87.
At the end of the previous week, the GBP/USD exchange rate tested the upper boundary of the short-term ascending channel at 1.2300. During Monday morning, the rate reversed south.
During Friday, the EUR/USD currency pair skyrocketed to the psychological level at 1.1150. During today's morning, the pair was trading at the 1.1130 level.
Yesterday, the XAU/USD exchange rate tested the resistance formed by the 55-, 100– and 200-hour SMAs, located in the 1,499.93/1,507.20 range. During today's morning, the rate was trading at the 1,495.00 mark.
During the previous trading session, the USD/JPY currency pair reversed north from the lower boundary of the short-term ascending channel at 106.35. During Friday morning, the pair reached the 106.65 mark.
On Thursday, the GBP/USD exchange rate skyrocketed to the weekly R2 at 1.2274. During today's morning, the rate declined to the support level—the weekly R1 at 1.2212.
Yesterday, the EUR/USD currency pair was volatile, likely due to Jackson Hole symposium. During Friday's morning, the pair declined to the 1.1060 level.
The New Zealand Dollar made a U-turn from a support level formed by the weekly S3 at 0.6360 during yesterday's trading session. As a result, the currency pair edged higher by about 0.50% in value.
Since August 21, the US Dollar has appreciated about 0.48% in value against the Canadian Dollar. The currency pair has breached both the 50-, 100– and 200– hour simple moving averages.
The Australian Dollar has depreciated about 0.44% in value against the US Dollar since yesterday's trading session. The currency pair breached the monthly S1 at 0.6759 on Thursday.
The common European currency traded sideways against the Japanese Yen on Thursday. The currency pair was trading below the 50-, 100– and 200– hour SMAs during yesterday's trading session.
Yesterday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55-, 100– and 200-hour SMAs in the 1,502.30/1,507.49 range. During today's morning, the rate was trading near the 1,495.00 mark.
On Wednesday, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly S2 at 106.54. During today's morning, the pair declined to the lower boundary of the short-term ascending channel at 106.30.
During the previous trading session, the GBP/USD exchange rate traded sideways around the psychological level at 1.2130. During today's morning, the rate continued to trade at the given level.
Yesterday, the EUR/USD currency pair consolidated in the 1.1080/1.1100 area. During Thursday's morning, the pair continued to trade sideways within the given area.
The New Zealand Dollar traded against the US Dollar just as expected on Wednesday, as the currency pair breached a support cluster formed by the weekly S2 and the monthly S2, which is located at the 0.6380 area.