The AUD/USD currency pair remained downwards tended on Tuesday after it reversed from the weekly pivot point at 0.7481. By the middle of the day, the pair breached the 55-hour simple moving average.
The single European currency surpassing the upper boundary of an ascending pattern late on Monday signaled to a continuous rally within the given session.
On Monday, the New Zealand Dollar continued to gain ground against the US Dollar. However, the surge was not caused by the strength of the NZD alone.
After the plummeting of the US Dollar caused by the weaker than expected US employment data and a steady release of Canadian Employment data kept the Canadian Dollar unchanged, the USD/CAD currency rate was continuing its decline.
The Australian Dollar surged on Monday against the US Dollar until it reached the resistance of the weekly R1 at the 0.7480 mark. Meanwhile, it had passed the monthly resistance level, which provided the currency exchange rate with support in the second half of the day at the 0.7470 level.
On Monday, the common European currency passed the resistance of a long term ascending pattern against the Japanese Yen.
The yellow metal on Monday morning booked new high level near the 1,260.00 mark. Moreover, during the surge the pair broke the resistance of a medium term descending channel pattern.
On Monday the USD/JPY currency pair traded near the 110.50 mark. At that level it was being kept by the resistance of the 200-hour simple moving average.
The surge of the Pound has extended on Monday against the US Dollar, as the currency pair had reached above the 1.3350 mark during the first part of the day's trading.
The common European currency for the third consecutive trading session continued to gain new heights against the US Dollar.
Bulls continue their dominance in the market for the NZD/USD currency pair. During the first part of Friday' trading session, the exchange rate breached the 200-hour simple moving average.
No significant changes were introduced to the USD/CAD currency pair positioning on Thursday, as it remained trading sideways and along the 55-hour simple moving average.
The Australian Dollar has been trading sideways against the US Dollar for almost a week now. The currency pair has been moving within range of 0.7425 and 0.7361 since June 3.
The common European currency remained stable against the Japanese Yen on Thursday, as the currency pair continued moving sideways for the second consecutive trading session.
The recently, experimentally drawn pattern on the yellow metal's charts has been broken. However, note that this provides an opportunity for more charting.
There are almost no changes on the USD/JPY currency exchange rate's hourly chart. Namely, the pair has traded sideways while being supported by the 55-hour SMA and being restricted from surging by the 100-hour SMA.
Due to political fundamental the GBP/USD pair has declined and broken the junior ascending pattern. Namely, the German Chancellor Angela Merkel slammed the Prime Minister of the United Kingdom in a way that the markets saw as destructive for the British currency.
The chart of the EUR/USD has not changes much since Thursday. Namely, the same patterns remain active.
The 55-, 100-hour SMAs continued to provide upward pressure for the NZD/USD currency pair as a result of which the New Zealand Dollar broke out from the upper boundary of a descending pattern.
The US Dollar remained stable against the Canadian Dollar on Wednesday. The exchange rate failed to overcome the 55-hour simple moving average, but it also lacked the necessary downside strength to breached the weekly pivot point near the 1.3128 mark.
The Australian Dollar was trading sideways against the US Dollar during the second half of Wednesday's session stranded between the monthly pivot point and the 55-, 100-, 200– hour SMAs. In addition, the exchange rate was likewise moving along the upper border of a downtrend channel.
Wednesday's trading session was very calm for the EUR/JPY currency pair with the rate trading in a narrow range slightly below the 55– hour simple moving average.
After the sudden surge on Tuesday, a full review of the yellow metal's charts has been conducted on Thursday.
It was already speculated on Wednesday that there should exist a long term ascending pattern dominant to the junior downwards aimed channel on the USD/JPY chart. That pattern was revealed on Thursday.