On Wednesday, the XAU/USD exchange rate breached the short-term descending channel south and dropped to the 1,870.00 mark.
During Thursday morning hours, the USD/JPY currency pair pierced the support level formed by the weekly and monthly S1s at 104.13.
Yesterday, the GBP/USD exchange rate resumed to trade within the medium-term ascending channel.
On Wednesday, the EUR/USD currency pair declined to the 1.1720 mark.
Downside risks pressured the New Zealand Dollar against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
Upside risks dominated the US Dollar against the Canadian Dollar on Wednesday. The currency pair edged higher by 148 basis points or 1.12% during yesterday's trading session.
Downside risks dominated the Australian Dollar against the US Dollar on Wednesday. As a result, the exchange rate plummeted by 114 basis points or 1.60% during Wednesday's trading session.
The common European currency declined by 95 basis points or 0.77% against the Japanese Yen on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 122.20 during yesterday's trading session.
On Tuesday, the XAU/USD exchange rate tested the upper line of the short-term descending channel. During today's morning, the rate reversed south.
The USD/JPY currency pair has tumbled to the psychological level at 104.20.
Yesterday, the GBP/USD exchange rate tested the resistance provided by the 100-hour SMA near 1.3070. During Wednesday morning, the rate pierced the lower line of the medium-term ascending channel.
On Tuesday, the EUR/USD currency pair breached the symmetrical triangle pattern south. During today's morning, the pair was testing the weekly S1 at 1.1752.
New Zealand's dollar rose by 39 points or 0.59% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday session.
The US Dollar edged higher by 56 points or 0.38% against the Canadian Dollar on Tuesday. The currency pair breached the weekly R1 at 1.3189 during Tuesday's trading session.
The Australian Dollar declined by 30 points or 0.43% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during yesterday's trading session.
The single European currency has declined by 121 points or 0.97% against the Japanese Yen since yesterday's trading session. The currency pair tested the lower line of a descending channel pattern on Wednesday morning.
The XAU/USD exchange rate has revealed a short-term descending channel.
Yesterday, the USD/JPY currency pair reversed south from the resistance level—the Fibo 23.60% at 105.03.
Since Monday, the GBP/USD exchange rate has been consolidating in the 1.3030 area.
The EUR/USD currency pair has revealed a symmetrical triangle pattern.
The New Zealand Dollar declined by 25 pips or 0.37% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.6671 during Monday's trading session.
The US Dollar surged by 76 pips or 0.58% against the Canadian Dollar on Monday. The USD/CAD currency pair tested the 1.3220 level during yesterday's trading session.
The Australian Dollar declined by 30 pips or 0.42% against the US Dollar on Monday. The decline was stopped by the 100– hour simple moving average at 0.7104 during yesterday's trading session.
The common European currency declined by 43 pips or 0.34% against the Japanese Yen on Monday. The currency pair breached the 50– and 200– hour SMAs during Monday's trading session.