The US Dollar has appreciated about 115 base points against the Canadian Dollar since the beginning of May. The currency pair has breached both the 50-, 100– and 200-hour SMAs during the period.
The Australian Dollar has depreciated about 1.34% in value against the US Dollar since the beginning of May. The currency pair was pressured south by the 50-hour simple moving average.
The common European currency has depreciated about 1.46% in value against the Japanese Yen since the beginning of May. The currency pair opened with a gap during the morning hours of today's trading session.
During the previous trading session, the price for gold traded sideways between the Fibonacci 38.20% retracement and the lower boundary of the falling wedge pattern, located at 1,273.68 and 1,269.55 respectively.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the 100-hour SMA and the monthly PP at 111.55.
On Thursday, the GBP/USD exchange rate traded sideways around the monthly PP at the 1.3033 mark.
Yesterday, the EUR/USD currency pair stepped lower to the weekly PP at the 1.1175 mark. During today's morning, the pair declined to the lower boundary of the short-term ascending channel at 1.1160.
On Wednesday, the XAU/USD exchange rate tumbled to the Fibonacci 38.20% retracement at 1,273.68. During Thursday's morning, the rate declined to the 1,272.00 level.
During the previous trading session, the USD/JPY currency pair reached the upper boundary of the short-term descending channel at 111.66.
Yesterday, the GBP/USD exchange rate traded sideways between the monthly PP and the weekly R2, located at 1.3033 and 1.3090 respectively.
On Wednesday, the EUR/USD currency pair traded between the Fibonacci 38.20% retracement and the weekly R1, located at 1.1200 and 1.1239 respectively.
Yesterday, the XAU/USD exchange rate reversed south from the psychological level at 1,286.00. During Wednesday's morning hours, the rate reversed north from the 200-hour SMA at 1,277.99.
During the previous trading session, the USD/JPY currency pair reversed north from the 111.30 level. During today's morning, the pair was trading near the upper boundary of the short-term descending channel at 111.60.
On Tuesday, the GBP/USD currency pair skyrocketed to the monthly PP at 1.3033. During Wednesday's trading session, the pair headed to the resistance level formed by the weekly R2 at 1.3090.
Yesterday, the EUR/USD exchange rate reached the psychological level at 1.1220. During today's morning, the rate was trading near the monthly PP at 1.1217.
Yesterday, the XAU/USD exchange rate reversed north from the trend line at 1,278.40.
The previous forecast worked, and the USD/JPY currency pair traded down. During Tuesday's morning, the pair reached the psychological level at 111.40.
On Monday, the GBP/USD exchange rate tried to surpass the resistance level formed by the Fibonacci 23.90% retracement and the weekly PP at 1.2936.
During Monday's session, the EUR/USD currency pair surpassed the 1.1180 level. During Tuesday's morning, the pair was testing the 200-hour SMA at 1.1203.
The price for gold reached the psychological level at 1,288.00 and dropped to trend line located at the 1.281.58.
On Friday, the USD/JPY currency pair traded sideways between the 111.60 and 111.80 levels.
During the previous trading session, the GBP/USD exchange rate tested the Fibonacci 23.90% retracement at 1.2938.
At the end of the previous week, the EUR/USD currency pair tried to surpass the 1.1160 level.
On Thursday, the XAU/USD exchange rate surpassed the 200-hour SMA and reached the psychological level at 1,282.00.