Slight upward momentum was apparent for the GBP/USD exchange rate on Wednesday.
Fundamental news drove the common European currency higher on Wednesday, thus allowing it to recover from the ten-month low of 1.1525.
The situation of the NZD/USD currency pair has changed since the last time the pair was reviewed by the Dukascopy Research team.
The USD/CAD exchange rate was driven by downside risks during the first half of Wednesday's trading session.
The Australian Dollar has started to appreciate against the US Dollar since the early hours of Wednesday's trading session. Even though a sign of decline today, bulls managed to gather enough strength to push the pair up towards the SMAs.
The inability of the single European currency to gain strength on Tuesday has an impact on the EUR/JPY exchange rate. The price movement introduced no significant changes to the overall price range during the end of trading session.
The XAU/USD exchange rate has remained stable for the second consecutive day.
Then Yen was strengthened by risk-averse investors on Tuesday.
The Pound was driven by downside risks against the US Dollar on Tuesday.
Political uncertainty in Italy continues to weigh heavily on the common European currency.
Following a reversal from the weekly pivot point at 0.69 yesterday, the New Zealand Dollar began a new move down against the US Dollar. However, this decline was stopped after the pair reached the bottom border of a dominant ascending pattern.
The USD/CAD currency pair continued to strengthen for the third consecutive trading session on Tuesday. This upward movement allowed the pair to reach the upper boundary of a dominant ascending channel.
Following a breakout of the 55–, 100-, and 200– hour simple moving averages on Tuesday, downside risks prevailed and thus drove the AUD/USD currency pair down to the lower boundary of a dominant ascending channel.
Downside sentiment continues to push the single European currency lower against the Japanese Yen. As a result, the pair broke out from the flag like formation pattern.
The yellow metal was trading sideways against the US Dollar on Monday stranded between the 55– and 100-hour SMAs.
Monday's trading session was very calm for the USD/JPY exchange rate with the pair trading in an extremely narrow range slightly below the 55-hour SMA.
Monday's trading session did not introduce significant changes to the overall price level of GBP/USD, as banks in both the UK and the US were closed.
Bears took over the market on Monday, driven by political turmoil in Italy.
The NZD/USD currency pair was constrained by upside risks on Friday trading session. Nevertheless, the gains were stopped by the weekly pivot point at the 0.6964 regions.
Strong upside momentum continues to dominate the US Dollar against the Canadian Dollar, as the pair has been supported by the 55– hour simple moving average since last week.
The Australian Dollar spent the first half of Monday's session calmly, as the rate was pushed back by the monthly pivot point at 0.7579. Also, the exchange rate has been bouncing between the upper and lower boundaries of a medium-term triangle pattern.
The common European currency remained stable against the Japanese Yen for the third consecutive trading session on Monday.
After reaching the upper boundary of a two-month channel down and its weekly high at 1,310.00 mid-Friday, the yellow metal began depreciating against the US Dollar as a result of which it was trading at the 100-hour SMA early this morning.
The US Dollar was trading sideways against the Japanese Yen on Friday.