Since Friday, the USD/JPY currency exchange rate has been trading in limbo around the 104.00 level. In the meantime, it was spotted that the rate ignored the support and resistance of the hourly simple moving averages.
The GBP/USD traded on Monday in the 1.3300/1.3350 range. In the meantime, the pair was being influenced by the resistance and support of the hourly simple moving averages. Namely, the 55 and 100-hour SMAs were providing resistance, as the 200-hour SMA provided support.
On Monday, the EUR/USD currency exchange rate was heading to the 1.2000 level. This round price level stopped the rate's surge in early September. Future scenarios were based upon whether this level manages to once again provide resistance.
The 50– hour simple moving average has been guiding the New Zealand higher against the US Dollar since November 24. The currency pair made about 30 points move during Friday's trading session.
The US Dollar declined by 50 points or 0.38% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average at 1.3008 during Friday's trading session.
The Australian Dollar edged higher by 41 points or 0.55% against the US Dollar on Friday. The currency pair was pressured higher by the 50– hour simple moving average during Friday's trading session.
The common European currency surged by 55 points or 0.44% against the Japanese Yen on Friday. The currency pair breached the 50– and 100– hour SMAs during Friday's trading session.
The yellow metal has continued to trade almost flat. However, it has started to do so in a different range, as the price has been fluctuating between 1,805.00 and 1,820.00 levels.
On Friday morning, the USD/JPY currency exchange rate passed the support levels near 104.20.
The resistance zone of 1.3380/1.3400 continued to hold on Thursday and Friday. The resistance caused a breaking of the supporting trend line and the 100-hour simple moving averages, which pushed the rate up.
The common European currency has found support in the 55-hour simple moving average, which has been pushing the pair up since the afternoon of Thursday. In the meantime, the pair faces the resistance of the weekly pivot point at 1.1935.
The New Zealand Dollar consolidated against the US Dollar below the weekly resistance level at 0.7014 on Thursday.
The US Dollar surged by 33 pips or 0.26% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar traded sideways against the US Dollar on Thursday. The AUD/USD currency pair consolidated below the 0.7383 level during Thursday's trading session.
The Eurozone single currency declined by 54 pips or 0.43% against the Japanese Yen on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
Since Wednesday, the XAU/USD exchange rate has been consolidating in the 1,810.00 area.
On Wednesday, the USD/JPY currency pair depreciated gradually. During today's morning, the pair was testing the support formed by the 100– and 200-hour SMAs, as well the weekly PP near 104.20.
Since Wednesday, the GBP/USD exchange rate has been testing the resistance level formed by the weekly R1 at 1.3402.
During Thursday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R2 at 1.1936.
The New Zealand Dollar surged by 32 basis points or 0.75% against the US Dollar on Wednesday. The currency pair tested the weekly R2 at 0.7014 during yesterday's trading session.
The US Dollar declined by 37 basis points or 0.28% against the Canadian Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 1.2938 during yesterday's trading session.
The Australian Dollar edged higher by 45 basis points or 0.61% against the US Dollar on Wednesday. The currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7328 during Wednesday's trading session.
The common European currency surged by 37 basis points or 0.30% against the Japanese Yen on Wednesday. The 50– hour simple moving average guided the currency pair during yesterday's trading session.
Yesterday, the XAU/USD exchange rate declined to the psychological level at 1,800.00.