GBP/USD plummeted like a brick on Tuesday. The financial media blamed Brexit fears.
On Tuesday morning, the EUR/USD was declining below the support levels at 1.1250. In general, the rate passed its technical support levels during the moments that they stood each on its own.
The New Zealand Dollar appreciated about 46 base points against the US Dollar on Monday. However, the currency pair failed to breach the weekly resistance level at 0.6743 during yesterday's trading session.
During yesterday's trading session, the US Dollar appreciated about 33 base points against the Canadian Dollar. The currency pair breached the 50-hour simple moving average at 1.3038.
A breakout through the lower boundary of a descending channel pattern occurred during the morning hours of today's trading session.
The common European currency depreciated about 43 base points against the Japanese Yen on Monday. The currency pair reversed south from a resistance cluster formed by the combination of the weekly pivot point and the 200-hour simple moving average during yesterday's trading session.
Gold has made an attempt to surge, which was stopped by the psychological resistance of the 1,420.00 level.
On Monday, the USD/JPY traded above the monthly pivot point that is located at 107.84.
During the early hours of Monday's London trading session, the GBP/USD had retreated down to the technical support levels near 1.2545.
On Monday morning, the EUR/USD traded above the support of the 55-hour simple moving average. Meanwhile, the rate had no technical resistance as high as the weekly R1 at 1.1307.
The NZD/USD currency pair has been trading up since July 10 after the pair made a U-turn from the lower boundary of a narrow ascending channel pattern at 0.6565.
The US Dollar depreciated about 48 base points against the Canadian Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average during the previous trading session.
The Australian Dollar has been appreciating gradually against the US Dollar since July 10. The currency pair bounced off from the bottom border of a narrow ascending channel at 0.6911 on July 10 and had since gained about 1.83% in value during the short period.
The Eurozone single currency depreciated about 73 base points against the Japanese Yen on Friday. The decline began after the currency pair tested a resistance level formed by the monthly pivot point at 122.23.
Yesterday, the XAU/USD exchange rate declined to the support level formed by the 55-, 100– and 200-hour SMAs, located circa 1405.00. During Friday's morning, the rate was testing the given support.
On Thursday, the USD/JPY currency pair tried to surpass the resistance formed by the 55– and 100-hour SMAs, located circa 108.50. During today's morning, the rate was testing the support formed by the 200-hour SMA at 108.28.
During the previous trading session, the GBP/USD exchange rate tested the weekly PP at 1.2574. During today's morning, the pair was testing the resistance level formed by the 200-hour SMA and the monthly S1 at 1.2545.
Yesterday, the EUR/USD currency pair traded sideways between the psychological levels, located at 1.1250 and 1.1280 respectively. During Friday's morning, the pair continued to trade within the given cluster.
The New Zealand Dollar versus the US Dollar appreciated about 45 base points during yesterday's trading session. The currency pair is gradually moving towards a resistance level at 0.6704.
The US Dollar appreciated about 50 base points against the Canadian Dollar during the first half of yesterday's trading session. However, after testing a resistance cluster at 1.3088, the exchange rate made a U-turn south. As a result, the pair lost about 0.51% in value.
During the past 48 hours, the Australian Dollar has appreciated about 92 base points against the US Dollar. The 200-hour simple moving average was providing support for the pair at 0.6980 during the morning hours of Friday's trading session.
The common European currency appreciated about 57 base points against the Japanese Yen on Thursday. The currency pair breached both the 50-, 100– and 200-hour SMAs during yesterday's trading session.
During the previous trading session, the XAU/USD exchange rate skyrocketed to the upper boundary of the short-term ascending channel at 1,427.02. During Thursday's morning, the rate was trading near the given line.
On Wednesday, the USD/JPY currency pair tumbled to the 108.20 level. During Thursday's reversed north from the lower boundary of the short-term ascending channel at 107.90.