The common European currency maintained a descending channel pattern against the Japanese Yen on Thursday. The currency pair tested the upper boundary of the descending channel pattern at 121.87 during Thursday's trading session.
Yesterday, the XAU/USD exchange rate skyrocketed to the psychological level at 1,380.00. During today's morning, the rate was trying to surpass the 1,385.00 level.
During Wednesday, the USD/JPY currency pair dropped to the support level formed by the weekly S3 at the 107.58 mark. During today's morning, the pair reversed north.
On Wednesday, the GBP/USD exchange rate skyrocketed to the upper boundary of the medium-term descending channel at 1.2720. During Thursday's morning, the rate was testing the given boundary.
Yesterday, the EUR/USD currency pair surged to the 1.1260 level. During today's morning, the pair was testing the resistance level formed by the weekly R1 at 1.1303.
Upside risks dominated the New Zealand Dollar versus the US Dollar on Wednesday. The currency pair appreciated about 63 base points during yesterday's trading session.
Downside risks have dominated the US Dollar against the Canadian Dollar since Wednesday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at the end of yesterday's session. The currency pair has lost about 1.26% in value during the last 24hours.
A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session. The currency pair appreciated about 0.76% in value on Wednesday.
The common European currency traded above the weekly S1 at 121.16 against the Japanese Yen on Wednesday. The currency pair bounced off the support level during the first half of today's trading session.
During the previous trading session, the XAU/USD exchange rate tried to surpass the psychological level at 1,355.00.
Yesterday, the USD/JPY currency pair re-tested the lower boundary of the medium-term ascending channel at 108.20.
Yesterday, the GBP/USD exchange rate reversed north from the lower boundary of the medium-term descending channel at 1.2528.
On Tuesday, the EUR/USD currency pair tested the support level formed by the monthly PP at 1.1181. During today's morning, the pair was testing the Fibonacci 38.20% retracement at 1.1200.
The New Zealand Dollar appreciated about 47 base points against the US Dollar on Tuesday. The surge was stopped by a resistance level formed by the 100-hour simple moving average at 0.6525.
The US Dollar depreciated about 61 base points against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.3360 during the morning hours of Wednesday's trading session.
The Australian Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.6877 during the morning hours of Wednesday's trading session.
The common European currency versus the Japanese Yen bounced off the lower boundary of a descending channel pattern at 121.09 on Tuesday. As a result, the currency pair gained about 0.46% in value.
Yesterday, the XAU/USD exchange rate traded sideways between the 55– and 200-hour SMAs, located at 1,343.30 and 1,335.93 respectively. During Tuesday's morning, the rate increased to the 1,345.00 level.
During the previous trading session, the USD/JPY exchange rate plummeted to the lower boundary of the short-term ascending channel at 108.30. During today's morning, the rate breached the given channel south.
During Monday, the GBP/USD exchange rate reached the lower boundary of the short-term descending channel at 1.2528. During today's morning, the rate was testing the given line.
Yesterday, the EUR/USD currency pair tried to surpass the resistance level formed by the 55-hour SMA. During Tuesday's morning, the pair dropped to support level—the monthly PP at 1.1181.
The New Zealand Dollar versus the US Dollar maintained a junior descending channel pattern during yesterday's trading session. The currency pair traded with low volatility on Monday.
The US Dollar traded sideways against the Canadian Dollar on Monday. The monthly pivot point at 1.3396 provided support for the exchange rate during yesterday's trading session.
During Monday's trading session, the Australian Dollar depreciated about 33 base points against the US Dollar. The decline was stopped by a support level formed by the monthly S1 at 0.6848 during yesterday's trading session.