The surge of the Pound has extended on Monday against the US Dollar, as the currency pair had reached above the 1.3350 mark during the first part of the day's trading.
The common European currency for the third consecutive trading session continued to gain new heights against the US Dollar.
Bulls continue their dominance in the market for the NZD/USD currency pair. During the first part of Friday' trading session, the exchange rate breached the 200-hour simple moving average.
No significant changes were introduced to the USD/CAD currency pair positioning on Thursday, as it remained trading sideways and along the 55-hour simple moving average.
The Australian Dollar has been trading sideways against the US Dollar for almost a week now. The currency pair has been moving within range of 0.7425 and 0.7361 since June 3.
The common European currency remained stable against the Japanese Yen on Thursday, as the currency pair continued moving sideways for the second consecutive trading session.
The recently, experimentally drawn pattern on the yellow metal's charts has been broken. However, note that this provides an opportunity for more charting.
There are almost no changes on the USD/JPY currency exchange rate's hourly chart. Namely, the pair has traded sideways while being supported by the 55-hour SMA and being restricted from surging by the 100-hour SMA.
Due to political fundamental the GBP/USD pair has declined and broken the junior ascending pattern. Namely, the German Chancellor Angela Merkel slammed the Prime Minister of the United Kingdom in a way that the markets saw as destructive for the British currency.
The chart of the EUR/USD has not changes much since Thursday. Namely, the same patterns remain active.
The 55-, 100-hour SMAs continued to provide upward pressure for the NZD/USD currency pair as a result of which the New Zealand Dollar broke out from the upper boundary of a descending pattern.
The US Dollar remained stable against the Canadian Dollar on Wednesday. The exchange rate failed to overcome the 55-hour simple moving average, but it also lacked the necessary downside strength to breached the weekly pivot point near the 1.3128 mark.
The Australian Dollar was trading sideways against the US Dollar during the second half of Wednesday's session stranded between the monthly pivot point and the 55-, 100-, 200– hour SMAs. In addition, the exchange rate was likewise moving along the upper border of a downtrend channel.
Wednesday's trading session was very calm for the EUR/JPY currency pair with the rate trading in a narrow range slightly below the 55– hour simple moving average.
After the sudden surge on Tuesday, a full review of the yellow metal's charts has been conducted on Thursday.
It was already speculated on Wednesday that there should exist a long term ascending pattern dominant to the junior downwards aimed channel on the USD/JPY chart. That pattern was revealed on Thursday.
The Pound has extended its gains against the US Dollar on Thursday. Moreover, the rate has managed to pass the resistance of the PP at 1.3247.
On Thursday there are new notable updates to the situation on the EUR/USD hourly chart.
The NZD/USD exchange rate temporarily stopped its decline. By the middle of Tuesday's trading session, bulls managed to take control of the market.
Bearish momentum continues to direct the US Dollar downward against the Canadian Dollar. By the middle of Wednesday's trading session, the currency pair has lost 92 base points or 0.70%.
Bullish sentiment dominated the AUD/USD currency pair during the pair part of Tuesday's session. The upside momentum was stopped after the pair pierced the monthly PP at 0.7392.
Tuesday's trading session did not introduce significant changes to the currency pair price range, as any attempts to move either direction were limited by the three SMAs and the weekly and the monthly PPs. However, all barrier was breached late Tuesday and also by mid-Wednesday.
The bullion broke the upper trend line of the long term descending channel, which had pierced a dominant support level.
The US Dollar has stopped the surge against the Japanese Yen. Moreover, the long running, rather narrow range ascending channel pattern has been broken.