The US Dollar appreciated about 50 basis points against the Canadian Dollar on Wednesday. The currency pair tested October 3 swing high at 1.3346 during yesterday's trading session.
The Australian Dollar depreciated about 38 basis points against the US Dollar on Wednesday. However, the currency pair reversed north during the morning hours of Thursday's trading session.
The single European currency has appreciated about 0.93% in value against the Japanese Yen since October 9. The currency pair reversed from the support level at 117.60 during the morning hours of Thursday's trading session.
The New Zealand Dollar depreciated about 34 basis points against the US Dollar on Tuesday. The currency pair tested a support level formed by the lower line of an ascending channel at 0.6291 during Tuesday's trading session.
The US Dollar edged lower against the Canadian Dollar on Tuesday. The currency pair declined by about 46 basis points during yesterday's trading session.
Yesterday, the price for gold raised to the psychological level at 1,510.00. During Wednesday morning, the XAU/USD exchange rate was testing the given level.
During Tuesday, the USD/JPY currency pair tried to surpass the resistance level formed by the weekly PP at 107.31. During today's morning, the pair was testing the given level.
Yesterday, the British Pound tumbled to 1.2200 against the US Dollar. During Wednesday morning, the GBP/USD exchange rate jumped to the 1.2260 mark.
On Tuesday, the EUR/USD currency pair dropped to the support level formed by the 200-hour SMA and the weekly PP circa 1.0950. During today's morning, the pair raised to the 1.0980 mark.
On Tuesday, the Australian Dollar depreciated by about 32 basis points against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6743 at the end of the previous session.
Downside risks prevailed in the market on Tuesday, thus, sending the common European currency to crash by 78 basis points against the Japanese Yen.
During Monday, gold depreciated against the US Dollar. During today's morning, the XAU/USD exchange rate raised to the 1,505.00 level.
Yesterday, the USD/JPY currency pair reached the upper boundary of the falling wedge pattern at 107.44. During Tuesday morning, the pair reversed south from the line.
On Monday, the GBP/USD exchange rate traded sideways around the 1.2300 level. During today's morning, the rate dropped to the support level—the weekly S1 at 1.2228.
Yesterday, the EUR/USD currency pair tested the psychological level at 1.1000. During Tuesday morning, the pair was trading near the given level.
The New Zealand Dollar edged lower by 0.55% in value against the US Dollar on Monday. The decline was stopped by a support cluster formed by the 100– hour simple moving average and the weekly pivot point at 0.6285 during the previous trading session.
The US Dollar depreciated about 37 basis points against the Canadian Dollar on Monday. Meanwhile, the overall market sentiment remained bearish during the first part of today's trading session.
The Australian Dollar reversed from the upper boundary of a descending channel pattern at 0.6760 against the US Dollar on Monday. The currency pair depreciated by 34 basis points during Monday's trading session.
The price movement of the common European currency against the Japanese Yen was guided by bullish sentiment. The currency pair appreciated about 74 basis points during yesterday's trading session.
Gold has remained near previous levels, as it failed to pass the resistance of the 1,515.00 level on Friday. The failure was attributed to the release of US Employment data on Friday, which strengthened the US Dollar.
During Monday's Asian trading session, the USD/JPY tested the resistance of the 55-hour simple moving average, which had held the rate down since Friday.
On Monday morning, the GBP/USD declined below the simple weekly pivot point and the three hourly simple moving averages, which are used by Dukascopy Analytics.
On Monday morning, the EUR/USD broke the lower trend line of the ascending wedge pattern, which guided it last week. However, the event does not necessarily signal a decline.
The New Zealand Dollar has depreciated by 46 pips against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel at 0.6285 during the European trading session on Monday.