During Wednesday's trading session, the rate traded sideways between the 55-hour and the 100-hour simple moving averages to end the trading session at 1.3150. On Thursday morning, the currency exchange rate was located above the 50.00% Fibo at the 1.3165 mark.
During Wednesday's trading session, the 55-hour simple moving average retraced the rate to 1.2800. On Thursday morning, the currency exchange rate broke the resistance of the 55-hour simple moving average to stay at the 1.1308 mark.
On Tuesday, the yellow metal traded sideways to stay in the range of the 23.60% Fibo and the monthly S2. During Wednesday's morning hours, gold was resisted by the 23.60% Fibonacci retracement level to trade at the 1,286.31 mark.
On Tuesday, the currency exchange rate passed the support of the 55-hour simple moving average to end the trading session at 111.60. During Wednesday's morning hours, the 100-hour simple moving average supported the rate to push it to the 111.86 mark.
On Tuesday, the rate traded sideways to end the trading session at the 1.3140 level as it was expected! During Wednesday's morning hours, the currency exchange rate kept trading sideways to be located at the 1.3144 mark.
During Tuesday's trading session, the rate broke the freshly drawn pattern line at 1.1320 to fall to the 1.1280 level. On Wednesday morning, the currency exchange rate was trading sideways to stay at the 1.1302 mark.
A junior descending channel pattern has guided the New Zealand Dollar towards a three-week low against the US Dollar. The currency pair breached the weekly S1 at 0.6765 during the Asian trading session on Wednesday.
The US Dollar has been trading in a narrow ascending channel pattern against the Canadian Dollar since March 1. The narrow ascending channel has guided the currency pair towards January 24 high at 1.3360.
The Australian Dollar traded sideways against the US Dollar on Tuesday. However, the situation changes during the Asian trading session on Wednesday, as bears drove the currency pair closer to the bottom border of a junior descending channel pattern at 0.7034.
The common European currency depreciated about 0.61% in values against the Japanese Yen on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during Tuesday's trading session.
The New Zealand Dollar versus the US Dollar remained in a junior descending channel pattern on Monday. The currency pair tested the bottom border of a dominant ascending channel during the first half of today's trading session.
The US Dollar has been moving with low volatility against the Canadian Dollar since Monday's trading session. The currency pair made a 67 pips movement during the last 24 hours.
The Australian Dollar remained in a junior descending channel pattern against the US Dollar on Monday. The exchange rate depreciated about 0.42% during Monday's trading session.
The single European currency depreciated about 91 base points against the Japanese Yen on Monday. The decline was stopped by a support level formed by the 100-hour simple moving average at 126.50 during yesterday's trading session.
Gold continued to decline on Monday. It had reached below the 1,290.00 level. In general, the decline was expected to continue, as the metal faced no technical support as low as the 1,276.65 level.
The USD/JPY has reached the 112.00 level, as it was forecast on Friday. The 112.00 level is providing resistance to the currency exchange rate and has forced it into retracing back downwards three times.
A junior descending channel has guided the New Zealand Dollar lower against the US Doller. The currency pair depreciated about 42 base points during Friday's trading session.
Upside risks prevailed in the market on Friday, thus sending the US Dollar to appreciate by about 177 base points against the Canadian Dollar. The currency pair breached some significant resistance levels during Friday's trading session.
The GBP/USD started the week by opening higher. Although, by the middle of the day's trading the rate had not moved, as it traded sideways just below the 1.3250 level.
A junior descending channel has been guiding the Australian Dollar against the US Dollar since February 27. The currency pair tested the lower boundary of a dominant ascending channel pattern at 0.7077 during Friday's trading session.