A junior descending channel pattern guided the US Dollar lower against the Canadian Dollar on Monday. The currency pair depreciated about 0.66% in value during yesterday's trading session.
The Australian Dollar appreciated more than 50 base points against the US Dollar on Monday. A breakout occurred through the upper boundary of an ascending channel pattern during the morning hours of today's trading session.
The EUR/JPY currency pair appreciated about 85 base points during yesterday's trading session. The exchange rate breached the 50-hour simple moving average at 121.40 on Monday.
During Friday, the XAU/USD exchange rate surpassed important psychological level at the 1,300.00 mark. During Monday's morning, the rate reached the upper boundary of the short-term ascending channel at 1,316.34.
On the previous trading session, the USD/JPY currency pair traded down and reached the Fibonacci 38.20% retracement at 108.44. During Monday's session, the pair reversed north from the lower boundary of the short-term descending channel at 108.10.
During Friday, the GBP/USD exchange rate breached the short-term descending channel north. During today's morning, the rate was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.2648.
At the end of the previous week, the EUR/USD currency pair tested the upper boundary of the short-term descending channel at the 1.1190 mark.
Upside risks have dominated the New Zealand Dollar against the US Dollar since last week's trading session. As a result, a breakout occurred through the upper boundary of a descending channel pattern at 0.6532.
Downside risks have dominated the USD/CAD currency pair since Friday's trading session. As a result, a breakout occurred through the lower boundary of an ascending channel pattern at 1.3516 during the morning hours of today's session.
The Australian Dollar has appreciated about 57 base points against the US Dollar since Friday's trading session. The currency pair tested a resistance cluster formed by the combination of the weekly and the monthly pivot points at 0.6960 during the morning hours of today's session.
The common European currency has depreciated about 121 base points against the Japanese Yen since Friday's trading session. The currency pair tested the lower boundary of a junior descending channel pattern during the first part of today's trading session.
Yesterday, the XAU/USD exchange rate skyrocketed to the psychological level at the 1,290.00 mark. During today's morning, the rate breached the falling wedge pattern north.
On Thursday, the USD/JPY currency pair dropped to the monthly S3 at 109.12. During Friday's morning, the pair declined to the support level—weekly S1 at 108.83.
Yesterday, the GBP/USD exchange rate traded downside along the upper boundary of the short-term descending channel located in the 1.2620/1.2640 range.
During the previous trading session, the EUR/USD currency pair tried to surpass the 2018/2019 minimum at 1.1124. During today's morning, the pair reversed north.
On Wednesday, the XAU/USD exchange rate dropped to the psychological level at the 1,278.00 mark. During today's morning, the rate maintained south direction.
Yesterday, the USD/JPY currency pair breached the short-term descending channel north. During Tuesday's morning, the pair reached the resistance level formed by the 200-hour SMA and the weekly PP at 109.75.
During the previous trading session, the GBP/USD exchange rate declined to the support level—the weekly S1 at 1.2609. During Thursday's morning, the rate was testing the given support.
On Wednesday, the EUR/USD currency pair tumbled to the 2018/2019 minimum located at 1.1124. During today's morning, the pair was testing the given level.
During Monday, the XAU/USD exchange rate reversed north from the lower boundary of the short-term ascending channel at 1,277.35. During today's morning, the rate skyrocketed to the 1,284.00 level.
During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the Fibonacci 50.00% retracement at 109.58. During Wednesday's morning, the pair was trading near the support level—the monthly S3 at 109.12.
On Tuesday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2660. During today's morning, the rate tumbled to the 1.2640 level.
Yesterday, the EUR/USD currency pair declined to the psychological level at the 1.1160 mark.
During the last 24 hours, the New Zealand Dollar has depreciated about 37 base points against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6546 during the morning hours of Wednesday's trading session.