On Wednesday, the EUR/USD currency pair pierced the weekly S2 located at 1.1664.
The New Zealand Dollar declined by 96 basis points or 1.45% against the US Dollar on Wednesday. The currency pair breached the monthly support level at 0.6559 during Wednesday's trading session.
The US Dollar surged by 96 basis points or 0.72% against the Canadian Dollar on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern at 1.3389 during yesterday's trading session.
The Australian Dollar declined by 114 basis points or 1.60% against the US Dollar on Wednesday. The currency pair maintained the descending channel pattern during yesterday's trading session.
The Eurozone single currency traded sideways against the Japanese Yen on Wednesday. The currency pair traded between the range of 123.18/122.60 during yesterday's trading session.
Yesterday, the XAU/USD exchange rate consolidated in the 1,910.00 area. During Wednesday morning, the rate dropped to 1,880.00.
On Tuesday, the USD/JPY currency pair raised to the 200-hour SMA near 105.15. During today's morning, the pair was testing the given resistance.
Yesterday, the GBP/USD exchange rate broke the lower boundary of the medium-term descending channel.
On Tuesday, the EUR/USD currency pair breached the medium-term descending channel south and touched 1.1680.
The New Zealand Dollar has declined by 91 points or 1.36% against the US Dollar since Tuesday's trading session. The currency pair tested the weekly S2 at 0.6597 on Wednesday morning.
The US Dollar traded sideways against the Canadian Dollar on Tuesday. The currency pair traded between the range of 1.3350/1.3297 during yesterday's trading session.
The Australian Dollar has surged by 105 points or 1.45% the US Dollar since Tuesday's trading session. The currency pair is currently trading in a narrow descending channel pattern.
The common European currency versus the Japanese Yen consolidated below the 50– hour simple moving average during Tuesday's trading session.
On Monday, the XAU/USD exchange rate tumbled to the 1,900.00 level. During today's morning, the rate was testing the given level.
Yesterday, the USD/JPY currency pair tested the 100-hour moving average near 104.80. During Tuesday morning, the pair continued to test the given moving average.
The GBP/USD exchange rate has revealed a medium-term descending channel.
On Monday, the EUR/USD currency pair dropped to the lower line of the medium-term descending channel at 1.1730. During today's morning, the pair pierced the lower channel line.
Downside risks dominated the New Zealand Dollar against the US Dollar on Monday. The currency pair declined by 123 pips or 1.82% during yesterday's trading session.
The US Dollar declined by 148 pips or 1.13% against the Canadian Dollar on Monday. The 50-, 100– and 200– hour SMAs provided support for the currency pair during Monday's trading session.
The Australian Dollar declined by 125 pips or 1.71% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
The single European currency declined about 100 pips or 0.99% against the Japanese Yen on Monday. The currency pair tested the lower boundary of a descending channel pattern at 122.50 during yesterday's trading session.
During previous trading session, the XAU/USD exchange rate touched 1,960.00 level. During Monday morning, the rate pierced the lower line of the short-term descending channel.
On Friday, the USD/JPY currency pair touched the 104.30 level. During today's morning, the pair was testing the monthly S2 at 104.08.
Last week, the GBP/USD exchange rate failed to exceed the 1.3000 level. During Monday morning, the rate tumbled to the monthly S2 at 1.2835.