The Australian Dollar depreciated about 71 base points against the US Dollar on Thursday. The 50– hour simple moving average pressured the currency pair south during the following trading session.
During the past 24 hours of trading, the common European currency depreciated about 1.82% in value against the Japanese Yen. A breakout occurred through the bottom border of a descending channel pattern during yesterday's trading session.
Yesterday, the price for gold dropped sharply to the psychological level at 1,405.00. During today's morning, the XAU/USD exchange rate was trading near the given level.
During the previous trading session, the USD/JPY currency pair reached the psychological level at 109.20. During Thursday's morning, the pair was testing the weekly R1 at 109.12.
During Wednesday, the GBP/USD exchange rate tried to surpass the 1.2250 level. During today's morning, the rate was trading at the 2018/2019 low at 1.2125.
Yesterday, the EUR/USD currency pair renewed the 2018/2019 minimum located at 1.1033. During Thursday's morning, the pair was trading near the given level.
The New Zealand Dollar has depreciated about 1.20% in value against the US Dollar since yesterday's trading session. The upper boundary of a descending channel pattern provided for the currency pair on Wednesday.
During the past 24 hours of trading, the US Dollar appreciated about 114 base points against the Canadian Dollar. The surge occurred after the US Federal Reserve cut the interest rates by about 0.25%.
The Australian Dollar depreciated about 68 base points against the US Dollar on Wednesday. The 50-hour simple moving provided resistance for the exchange rate at 0.6897 during yesterday's trading session.
The Eurozone single currency has depreciated about 81 base points against the Japanese Yen since yesterday's trading session. The currency pair breached the 50-, 100– and 200-hour SMAs on Wednesday.
During Tuesday, the XAU/USD exchange rate jumped to the psychological level at 1,432.00. During Wednesday's morning, the rate was testing the given level.
During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the 55-hour SMA at 108.65. During today's morning, the pair was testing the ascending trend line at 108.55.
Yesterday, the GBP/USD exchange rate consolidated at the 1.2150 level. During Wednesday's morning, the rate continued to trade sideways at the given level.
On Tuesday, the EUR/USD currency pair tried to surpass the 1.1160 level. During today's morning, the pair was testing the support level formed by the 55– and 100-hour SMAs, located circa 1.1140.
During the last 24 hours, the New Zealand Dollar has depreciated about 45 base points against the US Dollar. The 50-hour simple moving average provided resistance for the currency pair at 0.6637 during yesterday's trading session.
The US Dollar depreciated about 48 base points against the Canadian Dollar on Tuesday. The decline was stopped by a support level formed by the weekly pivot point at 1.3136.
The 50– hour simple moving average pressured the Australian Dollar against the US Dollar on Tuesday. The currency pair breached the monthly S1 at 0.6892 during yesterday's trading session.
The single European currency depreciated about 46 base points against the Japanese Yen on Tuesday. The 200-hour simple moving average provided support for the currency pair at 120.90.
Since Friday, the yellow metal has traded almost sideways in limbo around the hourly simple moving averages, which all met at the middle of Friday.
The USD/JPY bounced off the resistance of the 108.90 level, on Tuesday morning. At that level the rate met with a monthly pivot point, which managed to force the rate down.
On Tuesday morning, the decline of the GBP/USD had reached below the last weekly pivot point. Namely, the rate had no technical support as low as the historical low level of 2017 at 1.1978.
On Tuesday morning, the EUR/USD was finding support in the 55 and 100-hour simple moving averages near 1.1135. Meanwhile, the rate was facing the resistance of the weekly pivot point at 1.1153.
The New Zealand Dollar maintained the descending channel pattern against the US Dollar on Monday. The 50– hour simple moving average provided resistance for the currency pair at 0.6633 during Tuesday's session.
The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair made about 31 base points movement during yesterday's trading session.