The New Zealand Dollar depreciated about 58 base points against the US Dollar on Tuesday. The decline was stopped by a support cluster formed by the combination of the weekly and the monthly PPs at 0.6644.
During the last 24 hours, the US Dollar has gained about 116 base points against the Canadian Dollar. The currency pair reached near a six-week high during Wednesday's trading session.
The Australian Dollar has depreciated about 110 base points against the US Dollar since yesterday's trading session. The currency pair reached a six-week low level during Tuesday's session.
The single European currency depreciated about 73 base points against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
Yesterday, the XAU/USD exchange rate tested the lower boundary of the falling wedge pattern located circa 1,270,00.
During previous trading session, the USD/JPY currency pair tried to breach the short-term descending channel north.
On Tuesday, the GBP/USD exchange rate declined to the Fibo 23.90% at 1.12938. During Wednesday's morning, the rate started to test the lower boundary of the falling wedge pattern at 1.2920.
Yesterday, the EUR/USD currency pair declined to the support level formed by the weekly S1 at the 1.1209 mark.
At the beginning of current week, the XAU/USD exchange rate traded between the 55– and 100-hour SMAs.
Yesterday, the USD/JPY currency pair plunged to the psychological level at 111.70. However, during Tuesday's morning, the pair reversed north to the 55– and 100-hour SMAs located circa 111.90.
During previous day, the GBP/USD exchange rate tested the resistance level—the 55-hour SMA, currently located at 1.2992.
On Monday, the EUR/USD currency pair tried to surpass the resistance formed by a combination of the weekly PP and the 100-hour SMA at 1.1266.
The New Zealand Dollar was pressured south by the 50-hour simple moving average. The currency pair tested the resistance level formed by the 50-hour SMA at 0.6682 during the Asian session on Tuesday.
The US Dollar is gradually gaining strength against the Canadian Dollar. The currency pair has breached a resistance level formed by the 50-, 100– and 200-hour simple moving averages.
A one-week descending channel pattern has guided the Australian Dollar lower against the US Dollar. The currency pair breached a support level formed by the weekly S1 at 0.7127 during the first part of Tuesday's trading session.
The 200-hour simple moving average has pressured the common European currency lower against the Japanese Yen. The currency pair tested the bottom border of an ascending channel pattern at 125.60 during the Asian session on Tuesday.
On Friday, gold broke the resistance of the 55-hour simple moving average at 1,275.50. Due to that reason a surge up to the 1,280.00 level.
The USD/JPY is trading with high volatility during the last 24 hours. Moreover, the rate has begun to largely ignore short term technical levels.
GBP/USD was surging on Friday. The currency exchange rate had begun to surge on Thursday when it found support in a pivot point at 1.2978.
On Friday, after the large drop caused by the German PMI data on Wednesday, the EUR/USD was recovering.
Yesterday, the XAU/USD exchange rate tried to surpass the support level formed by a combination of the monthly S1 and the Fibonacci 38.20% retracement at 1,275.00.
During previous trading session, the USD/JPY currency pair resumed trading sideways between the resistance level—the monthly R1 at 112.11 and the support level at 111.85.
On Wednesday, the GBP/USD exchange rate tested the support level—the weekly S1 at 1.3027. During today's morning, the rate surpassed the given support.
Yesterday, the EUR/USD currency pair tried top surpass the support level formed by the 55– and 100-hour SMAs at 1.1299. During Thursday's morning, the Euro significantly depreciated against the US Dollar.