On Monday, the EUR/USD currency pair reversed north from the psychological level at 1.1620.
The New Zealand Dollar rose by 54 basis points or 0.82% against the US Dollar on Monday. A breakout occurred through the upper border of a descending channel pattern at 0.6638 during the London session on Tuesday.
Downside risks dominated the US Dollar against the Canadian Dollar on Monday. The currency pair declined by 155 basis points or 1.16% during yesterday's trading session.
The Australian Dollar surged by 60 basis points or 0.85% against the US Dollar on Monday. The currency pair tested the upper line of a descending channel pattern at 0.7061 during yesterday's trading session.
The single European currency remained stable against the Japanese Yen on Monday. The currency pair traded below the 122.00 level during yesterday's trading session.
At the end of last week, the XAU/USD exchange rate traded upwards. During Monday morning hours, the rate was testing the monthly S1 at 1,890.23.
On Friday, the USD/JPY currency pair raised to the 104.80 level.
The GBP/USD exchange rate could continue to trade downwards within the short-term descending channel.
At the end of last week, the EUR/USD currency pair declined to the 1.1640 level.
The New Zealand Dollar declined by 72 points or 1.08% against the US Dollar on Friday. The currency pair reversed from the upper line of a descending channel pattern during Friday's trading session.
The US Dollar declined by 33 points or 0.24% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average support line at 1.3318 during Friday's trading session.
The Australian Dollar declined by 54 points or 0.76% against the US Dollar on Friday. The currency pair was pressured lower by the 50– hour SMA during Friday's trading session.
The common European currency declined by 56 points or 0.46% against the Japanese Yen on Friday. The 50– hour simple moving average provided resistance for the currency pair during the previous session.
On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark.
Yesterday, the USD/JPY currency pair touched the 104.70 level. During Friday morning hours, the pair re-tested the support level formed by the weekly and monthly S1s at 104.13.
The USD/GBP exchange rate has revealed a short-term descending channel.
On Thursday, the EUR/USD currency pair declined to the 1.1660 level.
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday's trading session.
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Thursday. The currency pair made about 74 pips move during Thursday's trading session.
The Australian Dollar declined by approximately 60 pips or 0.80% against the US Dollar on Thursday. The currency pair tested the 0.7000 level during yesterday's trading session.
Downside risks have continued to dominate the Eurozone currency against the Japanese Yen. The currency pair declined by 88 pips or 0.72% during Thursday's trading session.
On Wednesday, the XAU/USD exchange rate breached the short-term descending channel south and dropped to the 1,870.00 mark.
During Thursday morning hours, the USD/JPY currency pair pierced the support level formed by the weekly and monthly S1s at 104.13.
Yesterday, the GBP/USD exchange rate resumed to trade within the medium-term ascending channel.