The Sterling showed significant volatility against the US Dollar on Thursday which was seemingly caused by mounting tensions around Brexit.
The Euro has maintained its upward tendency for the third consecutive session.
The New Zealand Dollar has remained stable against the US Dollar on Wednesday. A move above 0.70 was limited by the upper boundary of an ascending pattern. The pair was supported by the 55– hour simple moving average at 0.7035.
After trading at its March high at 1.3060 early this week, downside risks took control of the market on Wednesday and push the exchange rate down to the support of the lower boundary of an ascending channel.
Wednesday's session was spent in a relatively calm manner for the AUD/USD currency pair, as the rate remained bouncing between the weekly pivot point and the 100– hour simple moving average.
The single European currency has continued to maintain it junior ascending channel against the Japanese Yen.
XAU/USD was trading in a narrow range on Wednesday and early on Thursday.
The Greenback gained strength against the Yen for the second consecutive session yesterday.
The GBP/USD exchange rate was trading sideways for the whole session on Wednesday.
The Euro was boosted by fundamentals on Wednesday.
The New Zealand Dollar was steered mainly by bullish sentiment on Tuesday against the US Dollar. As a result, the exchange rate breached the weekly resistance level at 0.70 and tested the upper boundary of a dominant ascending channel.
As expected, the US Dollar surrendered its gains under the bearish pressure on Tuesday and thus pushed the exchange rate down to the 55-, 100-, and 200– hour SMAs near the 1.2957 regions.
The Australian Dollar continues its neat movement in ascending patterns against the US Dollar. By the end of trading session on Tuesday, the currency pair has reached a six-week high level at 0.7664.
The Eurozone single currency was constrained mostly by bulls against the Japanese Yen on Tuesday who strengthened their positions during the end of trading session.
Following a rather calm Tuesday morning, bulls started to dominate Gold later in the session, thus dashing through the 55– and 100-hour SMAs.
The US Dollar was trading sideways against the Yen for the second consecutive session on Tuesday.
Strong upside risks prevailed on Tuesday, thus sending the Sterling 96 pips higher against the US Dollar.
The common European currency was guided lower mid-Tuesday where it was stopped by the strong support of the 200-hour SMA and a junior channel circa 1.660.
Monday's trading session was relatively calm for the NZD/USD currency pair with the exchange rate trading in an extremely low volatility. The upside potential was limited by the weekly R1 at 0.7047.
The US Dollar continues to trade sideways against the Canadian Dollar for the fourth consecutive trading session. The rate was trading along the line of the 55-, 100-, and 200– hour SMAs.
The Australian Dollar was guided by upside risks against the US Dollar on Monday. However, these gains were limited by the upper boundary of an ascending channel and the weekly pivot point at 0.76.
Monday's trading session did not introduce significant changes to the pairs price range, as any attempts to move either direction were hindered by the monthly pivot point at 128.45. Also, the currency pair breached the aforementioned PP early Tuesday session.
The yellow metal has generally maintained its position against the US Dollar during the previous two sessions.
The USD/JPY exchange rate was tended north on Monday but wit no large gains apparent during this session.