Bullish sentiment dominated the New Zealand Dollar versus the US Dollar on Thursday. As a result, a breakout occurred through the upper boundary of a descending trendline during the morning hours of today's trading session.
The US Dollar appreciated about 58 base points against the Canadian Dollar on Thursday. The currency pair dashed through the 61.80% Fibonacci retracement level during yesterday's trading session.
The Australian Dollar appreciated about 40 base points against the US Dollar on Thursday. The currency pair tested a resistance level formed by the 200-hour SMA at 0.6903 during the Asian session on Friday.
The single European currency depreciated about 85 base points against the Japanese Yen on Thursday. The currency pair tested the lower boundary of a descending channel pattern at 122.20 during yesterday's trading session.
During yesterday's trading session, the New Zealand Dollar depreciated about 25 base points against the US Dollar. The currency pair tested the weekly S1 at 0.6485 during the Asian session on Thursday.
The US Dollar has appreciated about 90 base points against the Canadian Dollar since yesterday's trading session. The currency pair breached the three moving averages on Wednesday.
The Australian Dollar traded with low volatility against the US Dollar on Wednesday. The currency pair made just 23 base points movement during yesterday's trading session.
The common European currency has depreciated about 96 base points against the Japanese Yen since May 21. the currency pair breached the 200– and 100– hour SMAs during the first part of today's trading session.
During Wednesday, the XAU/USD exchange rate traded sideways between the Fibonacci 38.20% retracement and the 55-hour SMA, located at 1,273.68 and 1,275.60 respectively.
Yesterday, the USD/JPY currency pair slipped to the 100-hour moving average at the 110.19 mark. During today's morning, the pair was testing the given support.
During the previous trading session, the GBP/USD exchange rate traded sideways around the 1.2660 level. During Thursday's morning, the rate declined to the support level—the weekly S1 at 1.2610.
On Wednesday, the EUR/USD currency pair traded down, trying to surpass the psychological level at 1.1150. During today's morning, the pair declined to the lower boundary of the short-term descending channel located circa 1.1137.
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Tuesday. The currency pair is currently moving towards a support level formed by the weekly S1 at 0.6485.
A breakout occurred through the lower boundary of an ascending channel pattern at 1.3421 during yesterday's trading session.
The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday at 01:30 GMT. The AUD/USD exchange currency rate lost 34 pips or 0.48% right after the release. The Aussie continued trading at the 0.6915 level against the Greenback.
On Wednesday, gold's price was testing the resistance of the 55-hour SMA, which had caught up to the commodity price.
The Eurozone single currency appreciated about 106 base points against the Japanese Yen on Tuesday. The exchange rate made a new high at 123.73 during yesterday's trading session.
As it was expected, the USD/JPY had become overbought due to the jump that occurred on Tuesday. This resulted in a decline, which by the middle of London's Wednesday session had reached 110.40.
After experiencing a sharp jump up and decline at the end of Tuesday's London trading session, the GBP/USD resumed its decline. By the middle of Wednesday's trading session the rate had reached below 1.2680.
On Wednesday morning, the EUR/USD traded below the 1.1170 level.
The New Zealand Dollar has depreciated about 43 base points against the US Dollar since yesterday's trading session. The currency pair has been guided by the three moving averages since May 14.
The US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair breached the lower boundary of a medium-term ascending channel pattern at 1.3420.
During the last 24 hours, the Australian Dollar has depreciated about 62 base points against the US Dollar. Bears have regained their lost positions during the morning hours of today's trading session.
The single European currency depreciated 62 base points against the Japanese Yen on Monday. However, the currency pair regained some of its lost points at the end of yesterday's trading session.