Yesterday, the XAU/USD exchange rate traded sideways between the Fibonacci 38.20% retracement at 1,273.68. and the 1,280.00 level.
On Monday, the USD/JPY currency pair went upwards and reached the upper boundary of the short-term ascending channel at 110.20. During today's morning, the pair was testing the given line.
Yesterday, the GBP/USD exchange rate traded sideways around the 1.2740 level. During Tuesday's morning, the rate traded near the 1.2720 mark.
During Monday's trading session, the EUR/USD currency pair tried to breach the short-term ascending channel south. During today's morning, the pair declined to the 1.1150 mark.
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Friday. The currency pair tested the 0.6520 mark during Friday's trading session.
The US Dollar depreciated more than 70 base points against the Canadian Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour SMAs during Friday's trading session.
The Australian Dollar appreciated about 0.81% in value against the US Dollar on Monday. The surge was attributed to a surprise victory by the country's conservative government.
The common European currency appreciated about 75 base points against the Japanese Yen on Friday. The exchange rate breached the 200-hour simple moving average at 122.84 at the end of Friday's trading session.
Yesterday, the XAU/USD exchange rate dropped to the lower boundary of the short-term ascending channel at the 1,284.00 mark.
On Thursday, the USD/JPY currency pair skyrocketed to the monthly S2 at the 109.97 mark.
Yesterday, the GBP/USD exchange rate traded down and surpassed the psychological level at the 1.2800 mark.
During the previous trading session, the EUR/USD currency pair surpassed the weekly S1 at 1.1184.
The New Zealand Dollar depreciated about 54 base points against the US Dollar on Thursday. The currency pair breached both the monthly pivot point at 0.6560 and the weekly S1 at 0.6542 during the previous session.
The US Dollar appreciated about 68 base points against the Canadian Dollar on Thursday. The currency pair bounced off from the bottom border of an ascending channel pattern at the end of yesterday's trading session.
The 50-hour simple moving average has continued to guide the Australian Dollar lower against the US Dollar. The currency pair depreciated about 48 base points during yesterday's trading session.
The common European currency traded above a support cluster formed by the combination of the weekly and the monthly pivot points at 122.59 during yesterday's trading session.
Yesterday, the XAU/USD exchange rate traded sideways around the 55-hour moving average, currently located at the 1,297.25 mark.
During the previous trading session, the USD/JPY currency pair traded sideways between the weekly S1 and the Fibonacci 50.00% retracement, located 109.32 and 109.58 respectively.
On Wednesday, the GBP/USD exchange rate tumbled to the support level—the weekly S2 at the 1.2843 mark.
Yesterday, the EUR/USD currency pair tested the support level formed by the weekly S1 at 1.1184.
The Decline of the New Zealand Dollar against the US Dollar continued during yesterday's trading session. The currency pair depreciated about 30 base points during Wednesday's session.
The US Dollar depreciated about 63 base points against the Canadian Dollar on Wednesday. The currency pair breached the 50-, 100– and 200-hour SMAs during yesterday's trading session.
The Australian Dollar depreciated about 41 base points against the US Dollar on Wednesday. The currency pair breached a support level formed by the weekly S2 at 0.6918 during yesterday's session.
During the first part of yesterday's trading session, the EUR/JPY currency pair depreciated about 90 base points. However, the single European currency regained some of its lost positions at the end of the session.