A resistance cluster, formed by the monthly R2 and the weekly R1 near the 1.3347 regions restricted the movement of the USD/CAD currency pair during yesterday's trading session.
The bullish momentum prevailed in the market on Tuesday, allowing the AUD/USD currency pair to surge towards a swing high at 0.6790.
The single European currency depreciated by 0.50% in value against the Japanese Yen on Tuesday. The currency pair paused the decline at the end of the previous trading session.
Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,495.00/ During today's morning, the rate was testing the resistance formed by the 55-, 100– and 200-hour SMAs, located circa 1,507.00.
During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly S2 at 106.54. During Tuesday morning, the pair was testing the support of the 55– and 100-hour SMAs located circa 106.30.
Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2140. During today's morning, the rate declined to the 1.2100 mark.
Yesterday, the EUR/USD currency pair traded sideways, trying to surpass the resistance of the 55-hour SMA at 1.1090. During Tuesday morning, the pair was still testing the given resistance.
Downside risks have continued to dominate the New Zealand Dollar against the Japanese Yen. The currency pair has depreciated by 0.45% in value since yesterday's trading session.
Upside risks dominated the US Dollar versus the Canadian Dollar on Monday. As a result, the USD/CD currency pair surged by 84 basis points during yesterday's trading session.
On Monday, the AUD/USD currency pair edged lower by 0.49% in value. The Australian Dollar was pressured south by both the 50-, 100– and 200– hour simple moving averages.
The common European currency appreciated about 59 basis points against the Japanese Yen on Monday. The surge was stopped by a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 118.38 during yesterday's trading session.
During Friday, the XAU/USD exchange rat traded sideways around the psychological level at 1,510.00. During today's morning, the rate declined to the 1,500.00 level.
During the previous trading session, the USD/JPY currency pair consolidated at the 106.40 level. During Monday's morning, the pair was testing the resistance of the monthly S2 at 106.54.
At the end of the previous trading week, the GBP/USD exchange rate tried to surpass the psychological level at 1.2160. During Monday's morning, the rate declined to the support level formed by the 55-hour SMA and the weekly PP at 1.2114.
On Friday, the EUR/USD currency pair traded sideways around the psychological level at 1.1100. During today's morning, the pair was testing the resistance of the 55-hour SMA, currently located at 1.1107.
The New Zealand Dollar has continued to trade south against the US Dollar. The currency pair has depreciated by 0.50% in value since Friday's trading session.
The US Dollar depreciated about 65 basis points against the Canadian Dollar on Friday. The USD/CAD currency pair is currently testing a support cluster formed by the combination of the 200– hour simple moving average and the weekly pivot point at 1.3266.
The Australian Dollar traded sideways against the US Dollar on Friday. The 50-, 100– and 200-hour SMAs provided support for the currency pair at 0.6776 during Friday's trading session.
During the previous trading session, the European single currency appreciated by 52 basis points against the Japanese Yen.
Yesterday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly R3 at 1,521.59. During Friday morning, the rate was testing the support of the 55– and 100-hour SMAs, located circa 1,512.00.
During the previous trading session, the USD/JPY currency pair traded sideways around the 106.10 level. During Friday's morning, some upside potential prevailed in the market.
During Thursday, the GBP/USD exchange rate was volatile as opposition parties of the UK Parliament started a plan to stop a no-deal Brexit. During today's morning, the rate jumped to the resistance level—the weekly R1 at 1.2156.
Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1100. During Friday's morning, the pair was trading at the 1.1080 mark.
The NZD/USD exchange rate tested the resistance cluster located near the 50– and 100– hour SMAs at 0.6447 on Thursday.