The Australian Dollar has continued to edge higher in a narrow ascending channel pattern against the US Dollar. The currency pair surged by 113 pips or 1.74% in value during Tuesday's trading session.
The Eurozone single currency declined by 147 pips or 1.21% in value against the Japanese Yen. The decline was stopped by a support cluster formed by the weekly and the monthly PPs at 119.64.
Yesterday, the XAU/USD exchange rate failed to surpass the resistance level formed by the monthly PP at 1,607.96. During Tuesday morning, the rate was testing the 55-hour SMA near 1,603.00.
On Monday, the USD/JPY currency pair tried to exceed the Fibo 38.20% at 108.44. During today's morning, the pair was trading in the 108.00 area.
Yesterday, the GBP/USD exchange rate tried to decline below 1.2750. During Tuesday morning, the rate was testing the given level.
On Monday, the EUR/USD currency pair tested the resistance level—the monthly R1 at 1.1157. During today's morning, the pair was testing the weekly R1 at 1.1120.
The New Zealand Dollar surged by 71 basis points or 1.14% in value against the US Dollar. The currency pair tested the 100– hour simple moving average during yesterday's trading session.
The US Dollar depreciated by 94 basis points or 0.70% in value against the Canadian Dollar on Monday. The currency pair breached the weekly and the monthly PPs at the 1.3359 area during yesterday's trading session.
On Monday, the Australian Dollar edged higher by 86 basis points or 1.33% in value against the US Dollar. The currency pair tested the 100– hour simple moving average during yesterday's trading session.
During yesterday's trading session, the single European currency surged by 206 basis points or 1.73% in value against the Japanese Yen. The currency pair tested the monthly R1 at 120.91 on Monday.
During previous trading session, the XAU/USD exchange rate dropped to the 1,580.00 level. During Monday morning, the rate was testing the resistance formed by the monthly PP at 1,607.96.
On Friday, the USD/JPY currency pair declined to the 108.00 level. During today's morning, the pair declined below the given level.
At the end of last week, the GBP/USD exchange rate broke the lower boundary of the medium-term descending channel. During Monday morning, the rate was testing the 1.2750 level.
On Friday, the EUR/USD currency pair tried to surpass the 1.1050 level. During today's morning, the pair raised to the 1.1100 level.
Bearish momentum has continued to pressure the New Zealand Dollar lower against the US Dollar. The currency pair declined by 117 pips or 1.86% in value during Friday's trading session.
The US Dollar declined by 70 pips or 0.52% in value against the Canadian Dollar on Friday. The currency pair breached the 50– and 100– hour SMAs during the first part of Monday's trading session.
The Australian Dollar declined by 151 pips or 2.30% in value against the US Dollar on Friday. However, the currency pair regained some of it lost points at the end of Friday's trading session.
Downside risks have continued to pressure the common European currency lower against the Japanese Yen. The currency pair declined by 185 pips or 1.54% in value during Friday's trading session.
Yesterday, the XAU/USD exchange rate failed to surpass the 1,655.00 level. During Friday morning, the rate was testing the support formed by the monthly R1 and the 200-hour SMA at 1,628.78.
On Thursday, the USD/JPY currency pair dropped to the 109.00 level. During today's morning, the pair was testing the support formed by the weekly S2 at 108.58.
Yesterday, the GBP/USD exchange rate tried to surpass the weekly S1 at 1.2858. During Friday morning, the rate tested the Fibo 38.20% at 1.2918.
On Thursday, the EUR/USD currency pair skyrocketed to the 1.1000 level. During today's morning, the pair jumped to the 1.1050 mark.
Downside risks have pressured the New Zealand Dollar lower against the US Dollar since yesterday's trading session. A breakout occurred through the lower boundary of a descending channel pattern on Friday morning.
Bullish momentum has pressured the US Dollar higher against the Canadian Dollar since Thursday's trading session. The currency pair has surged by 139 basis points or 1.04% in value during this period.