The New Zealand Dollar depreciated about 25 base points against the US Dollar on Tuesday. The pair was pressure down by the 50-hour simple moving average during yesterday's trading session.
The US Dollar traded sideways movement against the Canadian Dollar on Tuesday. The currency pair was supported by a support cluster formed by the 50– and 100-hour SMAs at 1.3460 during Tuesday's trading session.
The Australian Dollar depreciated about 33 base points against the US Dollar on Tuesday. The currency pair was pressured down by the 50-hour simple moving average during yesterday's trading session.
The common European currency depreciated about 70 base points against the Japanese Yen on Tuesday. The monthly pivot point at 122.59 provided support for the exchange rate during yesterday's trading session.
Yesterday, the XAU/USD exchange rate breached the falling wedge pattern north and skyrocketed to the 1,300.00 level.
During the previous trading session, the USD/JPY currency pair tumbled to the monthly S3 at the 109.12 mark. During Tuesday's morning, the pair reversed north to the 55– and 100-hour SMAs located circa 109.68.
On Monday, the GBP/USD exchange rate dropped to the lower boundary of the medium-term ascending channel at 1.2940. During today's morning, the rate was testing the lower channel line.
Yesterday, the EUR/USD currency pair re-tested the upper boundary of the short-term ascending channel at 1.1258.
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. The currency pair made 26 base points movement during yesterday's trading session.
The US Dollar appreciated about 94 base points against the Canadian Dollar on Monday. The surge was stopped by a resistance level formed by the weekly R1 at 1.3490 during yesterday's session.
During yesterday's trading session, the Australian Dollar depreciated about 44 base points against the US Dollar. The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.6958 on Monday.
The Eurozone single currency depreciated about 0.59% in value against the Japanese Yen on Monday. The decline was stopped by a support level formed by the monthly S1 at 122.59.
On Friday, the XAU/USD exchange rate tried to reach the upper boundary of the falling wedge pattern located circa 1,290.00.
During the previous trading session, the USD/JPY currency pair traded sideways between the Fibonacci 50.00% retracement at 109.58 and the monthly S2 at 109.97.
On Friday, the GBP/USD exchange rate traded sideways around the 1.3040 mark within the short-term ascending channel.
At the end of last week, the EUR/USD currency pair tested the upper boundary of the short-term ascending channel at 1.1250 and reversed south.
The 200-hour simple moving average proved to have enough strength to restrict the New Zealand Dollar from edging higher against the US Dollar during Friday's trading session.
Given that the US Dollar failed to break a resistance level at 1.3484 during Friday's trading session, it is likely that bears could push the currency pair lower within this session.
The Australian Dollar has depreciated about 50 base points against the US Dollar since Friday's trading session.
During Friday's trading session, the common European currency traded by 42 base points against the Japanese Yen.
Yesterday, the XAU/USD exchange rate reached the resistance level formed by the monthly PP at 1,287.27.
On Thursday, the USD/JPY exchange rate traded sideways near the support level—the Fibonacci 50.00% retracement at 109.58.
During the previous trading session, the GBP/USD exchange rate traded sideways between the weekly S1 and the monthly PP, located at 1.2997 and 1.3033 respectively.
Yesterday, the EUR/USD currency pair jumped to the psychological level at the 1.1230 mark.