The Australian Dollar has continued its decline in a descending channel pattern against the US Dollar. The currency pair has dropped about 0.83% in value since yesterday's trading session.
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
Yesterday, the XAU/USD exchange rate reversed north from the lower boundary of the short-term descending channel at 1,321.57. During Wednesday's morning, the rate was testing the upper channel line at 1,337.87.
During the previous trading session, the USD/JPY currency pair reversed from the upper boundary of the short-term ascending channel at 108.75. During today's morning, the pair was testing the support level—the weekly PP at 108.22.
On Tuesday, the GBP/USD exchange rate extended gains and reached the psychological level at the 1.2730 mark. During Wednesday's morning, the rate was testing the upper boundary of the short-term descending channel.
Yesterday, the EUR/USD currency pair tried to surpass the resistance level formed by the monthly R2 at 1.1338. During today's morning, the pair was still testing the given resistance.
The New Zealand Dollar has continued to edge lower in a narrow descending channel pattern against the US Dollar. The currency pair breached the upper boundary of the channel pattern at 0.6576 during the morning hours of Wednesday's trading session.
The US Dollar breached the upper boundary of a junior descending channel pattern at 1.3295 during the morning hours of Wednesday's trading session.
The 200-hour simple moving average provided resistance at 0.6967 for the AUS/USD currency pair during yesterday's trading session. The Aussie versus the Greenback has revealed a new junior descending channel pattern.
The 50-hour simple moving average guided the EUR/JPY currency pair up during yesterday's trading session.
On Monday, the XAU/USD exchange rate traded sideways between the 1,325.00 and 1,330.00 levels.
During the previous trading session, the USD/JPY currency pair reversed north from the 100-hour SMA at 108.34. During today's morning, the pair was testing the resistance level formed by the weekly R1 at 108.61.
Yesterday, the GBP/USD exchange rate traded sideways between the 55-, 100– and 200-hour SMAs, located at 1.2700 and 1.2673 respectively.
On Monday, the EUR/USD currency pair traded sideways along the support level—the 55-hour moving average at 1.1307.
The New Zealand Dollar depreciated about 57 base points against the US Dollar on Monday. The currency pair breached both the 50– and 100-hour SMAs at 0.6629 during the previous trading session.
The US Dollar traded sideways against the Canadian Dollar on Monday. The currency pair was consolidating below the monthly support level at 1.3273 during yesterday's trading session.
The Australian Dollar depreciated about 54 base points against the US Dollar on Monday. The decline was stopped by a support level formed by the 200-hour SMA at 0.6962.
The common European currency versus the Japanese Yen was guided by the 50-hour simple moving average on Monday. The 50-hour SMA provided support for the pair at 122.65 during yesterday's trading session.
The New Zealand Dollar appreciated about 0.97% in value against the US Dollar on Friday. The 50-hour simple moving average provided support for the currency pair at 0.6627.
The US Dollar depreciated about 103 base points against the Canadian Dollar on Friday. The decline was stopped by a support level formed by the monthly S2 at 1.3273 at the end of Friday's trading session.
The Australian Dollar appreciated about 0.82% in value against the US Dollar on Friday. The currency pair tested the upper boundary of an ascending channel pattern at 0.7020 during Friday's trading session.
The Eurozone single currency appreciated about 0.48% in value against the Japanese Yen on Friday. The currency pair reached nearly the 123.00 marks during Friday's trading session.
On Thursday, the XAU/USD exchange rate traded sideways around the monthly R2 located at the 1,333.67 mark.
During the previous trading session, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel at 108.57. During today's morning, the pair was trading along the given line.