Yesterday, the USD/JPY currency pair tested the 100-hour moving average near 104.80. During Tuesday morning, the pair continued to test the given moving average.
The GBP/USD exchange rate has revealed a medium-term descending channel.
On Monday, the EUR/USD currency pair dropped to the lower line of the medium-term descending channel at 1.1730. During today's morning, the pair pierced the lower channel line.
Downside risks dominated the New Zealand Dollar against the US Dollar on Monday. The currency pair declined by 123 pips or 1.82% during yesterday's trading session.
The US Dollar declined by 148 pips or 1.13% against the Canadian Dollar on Monday. The 50-, 100– and 200– hour SMAs provided support for the currency pair during Monday's trading session.
The Australian Dollar declined by 125 pips or 1.71% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
The single European currency declined about 100 pips or 0.99% against the Japanese Yen on Monday. The currency pair tested the lower boundary of a descending channel pattern at 122.50 during yesterday's trading session.
During previous trading session, the XAU/USD exchange rate touched 1,960.00 level. During Monday morning, the rate pierced the lower line of the short-term descending channel.
On Friday, the USD/JPY currency pair touched the 104.30 level. During today's morning, the pair was testing the monthly S2 at 104.08.
Last week, the GBP/USD exchange rate failed to exceed the 1.3000 level. During Monday morning, the rate tumbled to the monthly S2 at 1.2835.
On Friday, the EUR/USD currency pair tested the resistance level—the monthly PP at 1.1867. During today's morning, the pair dropped to 1.1800.
The New Zealand Dollar declined by 46 basis points or 0.67% against the US Dollar on Friday. The currency pair reversed from the upper boundary of an ascending channel pattern during Friday's trading session.
The US Dollar surged by 56 basis points or 0.43% against the Canadian Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
The Australian Dollar declined by 38 basis points or 0.52% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average at the 0.7288 area.
The common European currency declined by 71 basis points or 0.57% against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
Yesterday, the XAU/USD exchange rate revealed a short-term descending channel.
On Thursday, the USD/JPY currency pair declined to the 104.60 level. During today's morning, the pair declined below the given level.
The GBP/USD exchange rate remains to trade below the psychological level at 1.3000.
The EUR/USD currency pair has revealed a medium-term descending channel. Yesterday, the pair reversed north from the lower channel line at 1.1740.
The New Zealand Dollar surged by 79 points or 1.18% against the US Dollar on Thursday. The currency pair breached the upper boundary of an ascending channel pattern on Friday morning.
The US Dollar has declined by 91 points or 0.69% against the Canadian Dollar since Thursday's trading session. A breakout occurred through the lower boundary of a descending channel pattern on Thursday.
The Australian Dollar surged by 51 points or 0.70% against the US Dollar on Thursday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The EUR/JPY currency bounced off the bottom border of a descending channel pattern at 123.37 on Thursday. As a result, the common European currency surged by 76 points or 0.61% against the Japanese Yen.
Yesterday, the XAU/USD exchange rate breached the rising wedge pattern south. During Thursday morning, the rate dropped below the 200-hour SMA near 1,945.00.