During the previous trading session, the USD/JPY currency pair traded sideways around the 55-hour moving average located at 108.17.
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term descending channel at the 1.2740 mark. During Thursday's morning, the rate was testing the support level formed by the 100– and 200-hour SMAs located circa 1.2660.
On Wednesday, the EUR/USD currency pair plummeted to the support level formed by the 100-hour SMA and the weekly R1 at 1.1218.
The New Zealand Dollar has been appreciating in a narrow ascending channel pattern against the US Dollar since the end of May. The currency pair re-tested the upper boundary of the channel pattern at 0.6666 during yesterday's trading session.
The US Dollar has been depreciating in a descending channel pattern against the Canadian Dollar since the end of May. The currency pair reached near a three-week low at 1.3360 on Wednesday.
The Australian Dollar depreciated about 42 base points against the US Dollar on Wednesday. The decline was stopped by a support level formed by the 100-hour simple moving average at 0.6965.
The common European currency depreciated about 75 base points against the Japanese Yen on Wednesday. The decline continued during the morning hours of today's trading session.
Yesterday, the XAU/USD exchange rate traded sideways around the psychological level at 1,325.00. During Wednesday's morning, the rate was testing the resistance level—the monthly R2 at 1,333.67.
On Tuesday, the USD/JPY currency pair traded sideways, trying to surpass the resistance of the 55-hour SMA, currently located at 108.14. During today's morning, the pair surpass the given resistance.
During the previous trading session, the GBP/USD exchange rate reached the psychological level at 1.2700.
Yesterday, the EUR/USD currency pair breached the long-term descending channel north. During Wednesday's morning, the pair was testing the 1.1280 level.
On Tuesday, gold traded above 1,325.00. Moreover, the metal's price was expected to continue to surge up to the 1,333.67 level. There the metal would meet with the resistance of the second monthly resistance of the simple monthly pivot points.
USD/JPY continues to decline, as a new low level has been reached on Tuesday. Namely, the rate has fallen below 108.00.
The GBP/USD has surged above the technical resistance cluster, which was located near 1.2650. Namely, a pivot point and the 200-hour simple moving average were broken.
The EUR/USD has passed the resistance of a dominant descending pattern on the hourly candle chart. This occurred in a sharp surge, which began after the rate broke short term resistance.
The New Zealand Dollar appreciated about 61 base points against the US Dollar on Monday. The currency pair revealed a new junior ascending channel pattern at the end of yesterday's trading session.
A junior descending channel pattern guided the US Dollar lower against the Canadian Dollar on Monday. The currency pair depreciated about 0.66% in value during yesterday's trading session.
The Australian Dollar appreciated more than 50 base points against the US Dollar on Monday. A breakout occurred through the upper boundary of an ascending channel pattern during the morning hours of today's trading session.
The EUR/JPY currency pair appreciated about 85 base points during yesterday's trading session. The exchange rate breached the 50-hour simple moving average at 121.40 on Monday.
During Friday, the XAU/USD exchange rate surpassed important psychological level at the 1,300.00 mark. During Monday's morning, the rate reached the upper boundary of the short-term ascending channel at 1,316.34.
On the previous trading session, the USD/JPY currency pair traded down and reached the Fibonacci 38.20% retracement at 108.44. During Monday's session, the pair reversed north from the lower boundary of the short-term descending channel at 108.10.
During Friday, the GBP/USD exchange rate breached the short-term descending channel north. During today's morning, the rate was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.2648.
At the end of the previous week, the EUR/USD currency pair tested the upper boundary of the short-term descending channel at the 1.1190 mark.
Upside risks have dominated the New Zealand Dollar against the US Dollar since last week's trading session. As a result, a breakout occurred through the upper boundary of a descending channel pattern at 0.6532.