During Wednesday, the XAU/USD exchange rate surpassed the psychological level at 1,500.00. During today's morning, the rate was trading sideways at the given level.
Yesterday, the USD/JPY currency pair traded sideways along the lower boundary of the long-term descending channel at 108.87. During today's morning, the pair maintained its consolidation.
During the previous trading session, the GBP/USD exchange rate tried to breach the short-term ascending channel south. During Thursday's morning, the rate was still testing the lower channel line at 1.2145.
During Wednesday, the EUR/USD currency pair traded within the cluster formed by the weekly R2 and the Fibonacci 38.20% retracement, located at 1.1234 and 1.1200 respectively.
The New Zealand Dollar bounced off the lower boundary of a descending channel pattern at 0.6385 during yesterday's trading session. The currency pair has since gained about 70 basis points.
After the US Dollar tested a resistance level at 1.3340, the currency pair made a U-turn south. The Greenback has depreciated about 0.50% in value against the Loonie since yesterday's trading session.
The Australian Dollar appreciated about 73 basis points against the US Dollar on Wednesday. The currency pair breached both the 50– and 100– hour SMAs at 0.6771 area during the Asian session on Thursday.
The common European currency depreciated about 68 basis points against the Japanese Yen on August 7. The currency pair tested the lower boundary of a triangle pattern at 118.50 during the end of yesterday's trading session.
On Tuesday, the XAU/USD exchange rate breached the long-term ascending channel north. During today's morning, the rate was testing the resistance level—the monthly R2 at 1,487.41.
Yesterday, the USD/JPY currency pair consolidated within the cluster formed by the monthly S2 and S3, located at 106.54 and 105.87 respectively. During Wednesday's morning, the pair was still trading sideways.
During the previous trading session, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel at 1.2205.
During Tuesday, the EUR/USD currency pair traded sideways within the cluster formed by the weekly R2, as well the weekly R1 and the monthly PP, located at 1.1234 and 1.1171 respectively.
The New Zealand Dollar has depreciated about 2.70% in value against the US Dollar. The decline started after the Central Bank of New Zealand surprised the markets, by cutting the official cash rate by 50-basis points. The surprise move by the RBNZ sent the New Zealand Dollar to a ten-month low.
The US Dollar appreciated about 97 base points against the Canadian Dollar on Tuesday. The weekly pivot point at 1.3194 provided support for the exchange rate during yesterday's trading session.
Downside risks dominated the Australian Dollar versus the US Dollar on Tuesday. As a result, a breakout occurred through the lower boundary of a descending channel pattern at the end of yesterday's trading session.
The European single currency continued its upside movement against the Japanese Yen on Tuesday. The currency pair breached a resistance level formed by the weekly and the monthly PPs at 119.36.
Yesterday, the XAU/USD exchange rate re-tested the upper boundary of the long-term ascending channel at 1,475.00. During Tuesday's morning, the rate was trading at the 1,460.00 level.
On Monday, the USD/JPY currency pair reversed north form the upper boundary of the long-term descending channel at 105.68. During today's morning, the pair was resting the resistance formed by the monthly S2 and the 55-hour SMA at 106.54.
During the previous trading session, the GBP/USD exchange rate traded sideways around the psychological level at 1.2160. During Tuesday's morning, the rate surpassed the given level.
Yesterday, the EUR/USD currency pair reached the resistance level formed by the weekly R2 at the 1.1234 mark. During today's morning, the pair was trading near the given resistance.
The New Zealand Dollar appreciated about 92 base points against the US Dollar on Monday.
The US Dollar depreciated about 58 base points against the Canadian Dollar on Monday. The currency pair breached both the 50-and 100-hour SMAs during yesterday's trading session.
The Australian Dollar depreciated about 54 base points against the US Dollar on Monday. The decline was stopped by a support level formed by the monthly S1 at 0.6759 during yesterday's trading session.
Upside risks have dominated the common European currency against the Japanese Yen since yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern at 119.07 during the morning hours of Tuesday's session.