On Monday, the EUR/USD currency pair tested the resistance level—the monthly R1 at 1.1157. During today's morning, the pair was testing the weekly R1 at 1.1120.
The New Zealand Dollar surged by 71 basis points or 1.14% in value against the US Dollar. The currency pair tested the 100– hour simple moving average during yesterday's trading session.
The US Dollar depreciated by 94 basis points or 0.70% in value against the Canadian Dollar on Monday. The currency pair breached the weekly and the monthly PPs at the 1.3359 area during yesterday's trading session.
On Monday, the Australian Dollar edged higher by 86 basis points or 1.33% in value against the US Dollar. The currency pair tested the 100– hour simple moving average during yesterday's trading session.
During yesterday's trading session, the single European currency surged by 206 basis points or 1.73% in value against the Japanese Yen. The currency pair tested the monthly R1 at 120.91 on Monday.
During previous trading session, the XAU/USD exchange rate dropped to the 1,580.00 level. During Monday morning, the rate was testing the resistance formed by the monthly PP at 1,607.96.
On Friday, the USD/JPY currency pair declined to the 108.00 level. During today's morning, the pair declined below the given level.
At the end of last week, the GBP/USD exchange rate broke the lower boundary of the medium-term descending channel. During Monday morning, the rate was testing the 1.2750 level.
On Friday, the EUR/USD currency pair tried to surpass the 1.1050 level. During today's morning, the pair raised to the 1.1100 level.
Bearish momentum has continued to pressure the New Zealand Dollar lower against the US Dollar. The currency pair declined by 117 pips or 1.86% in value during Friday's trading session.
The US Dollar declined by 70 pips or 0.52% in value against the Canadian Dollar on Friday. The currency pair breached the 50– and 100– hour SMAs during the first part of Monday's trading session.
The Australian Dollar declined by 151 pips or 2.30% in value against the US Dollar on Friday. However, the currency pair regained some of it lost points at the end of Friday's trading session.
Downside risks have continued to pressure the common European currency lower against the Japanese Yen. The currency pair declined by 185 pips or 1.54% in value during Friday's trading session.
Yesterday, the XAU/USD exchange rate failed to surpass the 1,655.00 level. During Friday morning, the rate was testing the support formed by the monthly R1 and the 200-hour SMA at 1,628.78.
On Thursday, the USD/JPY currency pair dropped to the 109.00 level. During today's morning, the pair was testing the support formed by the weekly S2 at 108.58.
Yesterday, the GBP/USD exchange rate tried to surpass the weekly S1 at 1.2858. During Friday morning, the rate tested the Fibo 38.20% at 1.2918.
On Thursday, the EUR/USD currency pair skyrocketed to the 1.1000 level. During today's morning, the pair jumped to the 1.1050 mark.
Downside risks have pressured the New Zealand Dollar lower against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of a descending channel pattern on Friday morning.
Bullish momentum has pressured the US Dollar higher against the Canadian Dollar since Thursday's trading session. The currency pair has surged by 139 basis points or 1.04% in value during this period.
Downside risks have been dominating the Australian Dollar against the US Dollar since yesterday's trading session. The currency pair has declined by 75 pips or 1.14% in value during this period.
The common European currency appreciated by 101 basis points or 0.84% in value against the Japanese Yen on Thursday. The currency pair tested the monthly pivot point at 120.93 during yesterday's trading session.
After touching the 1,625.00 level for a second time on Wednesday, on Thursday, the commodity returned to trade near the 1,650.00 mark.
On Thursday morning the USD/JPY currency exchange rate was once again testing the support of the 110.00 level.
On Thursday, the GBP/USD plummeted, as the UK announced its stance in trade negotiations with the EU. By the middle of the day's London trading hours, the pair was heading to the support of the weekly S1 simple pivot point at 1.2858.