During the previous trading session, the XAU/USD exchange rate plummeted to the 1,340.00 level. During today's morning, the rate dropped to the support level formed by the 100– and 200-hour SMAs, as well the monthly R2 at 1,333.67
On Friday, the USD/JPY currency pair jumped to the 108.55 level. During Monday's morning, the pair was testing the psychological level at 108.65.
At the end of the previous trading week, the GBP/USD exchange rate decreased to the psychological level at 1.2580.
During Friday, the EUR/USD currency pair dropped to the support level—the Fibonacci 38.20% retracement at 1.1200. During today's morning, the pair was testing the support level.
The New Zealand Dollar depreciated about 80 base points against the US Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.
The US Dollar appreciated about 88 base points against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a junior ascending channel pattern at 1.3420 at the end of Friday's trading session.
A narrow descending channel pattern has continued to guide the Australian Dollar lower against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.6860 during Friday's trading session.
The single European currency depreciated about 61 base points against the Japanese Yen on Friday. A breakout occurred through the lower boundary of an ascending channel during Friday's trading session.
Yesterday, the XAU/USD exchange rate skyrocketed and surpassed the 1,345.00 level. During today's morning, the rate reached the psychological level at 1,355.00.
During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the 55– and 100-hour SMAs, as well the Fibo 38.20% at 108.44.
During Thursday, the GBP/USD exchange rate traded sideways around the psychological level at the 1.2680 mark. During Friday's morning, the rate dropped to the support level—the weekly S1 at 1.2646.
Yesterday, the EUR/USD currency pair traded sideways, trying to surpass the resistance level formed by the 200-hour SMA and the weekly PP at 1.1281. During today's morning, the pair reversed south.
The New Zealand Dollar has depreciated about 43 base points against the US Dollar since yesterday's trading session. The currency pair has been guided by the three moving averages since May 14.
The 50-hour simple moving average provided support for the US Dollar versus the Canadian Dollar on Thursday. After hitting the 50-hour SMA, the currency pair made a reversal to the upside.
The Australian Dollar depreciated about 35 base points against the US Dollar on Thursday. The currency pair maintained the junior descending channel pattern during yesterday's trading session.
The common European currency has depreciated about 50 base points against the Japanese since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 122.12 during the morning hours of Friday's trading session.
On Wednesday, the XAU/USD exchange rate traded sideways, trying to surpass the support level—the monthly R2 at 1,3333.67.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the 55– and 100-hour SMAs, as well the Fibonacci 38.20% retracement at 108.44.
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term descending channel circa 1.2740 and dropped to the 200-hour SMA.
On Wednesday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel located circa 1.1280. During today's morning, the pair was testing the given line.
The New Zealand Dollar traded sideways movement against the US Dollar on Wednesday. The 50-hour simple moving average provided resistance for the pair during Wednesday's trading session.
The US Dollar appreciated about 68 base points against the Canadian Dollar on Wednesday. The surge was stopped by the weekly pivot point at 1.3351 during yesterday's trading session.
The Australian Dollar has continued its decline in a descending channel pattern against the US Dollar. The currency pair has dropped about 0.83% in value since yesterday's trading session.
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.