On Tuesday, the EUR/USD currency pair revealed a short-term ascending channel. During today's morning, the pair was testing the lower channel line.
After the currency pair tested the weekly resistance level at 0.6579, bearish traders pressured the pair lower. The New Zealand Dollar declined by 36 points or 0.55% against the US Dollar on Tuesday.
The US Dollar surged by 82 points or 0.60% against the Canadian Dollar on Tuesday. The currency pair tested the weekly pivot point, as predicted during yesterday's trading session.
The Australian Dollar declined by 56 points or 0.80% against the US Dollar on Tuesday. The currency pair breached the 50– and 100– hour SMAs during Tuesday's trading session.
The common European currency declined by 45 points or 0.37% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
Yesterday, the XAU/USD exchange rate tested the resistance area at 1,785.00/1,790.00. During Tuesday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,777.00.
On Monday, the USD/JPY currency pair declined to the 107.30 level. During today's morning, the pair jumped to 107.80 level.
Yesterday, the GBP/USD exchange rate pierced the upper line of the medium-term descending channel, however, the rate failed to exceed 1.2500. During Tuesday morning, the rate was trading at 1.2470.
On Monday, the EUR/USD currency pair tried to exceed the 1.1320 level. During today's morning, the pair declined to the 100-hour SMA near 1.1265.
The New Zealand Dollar surged by 41 pips or 0.63% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6579 during yesterday's trading session.
The US Dollar declined by 29 pips or 0.21% against the Canadian Dollar on Monday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
The Australian Dollar surged by 57 pips or 0.80% against the US Dollar on Monday. The currency pair breached the weekly resistance level at 0.6979 during yesterday's trading session.
The common European currency surged by 98 pips or 0.81% against the Japanese Yen on Monday. The currency pair tested the upper boundary of an ascending channel pattern at 121.80 during yesterday's trading session.
Last week, the XAU/USD exchange rate revealed a rising wedge pattern. During Monday, the rate was trading at 1,775.00.
On Friday, the USD/JPY currency pair traded sideways at 107.50. During today's morning, the pair touched the 107.70 level.
At the end of last week, the GBP/USD exchange rate consolidated at 1.2470. During Monday morning, the rate was testing the upper line of the medium-term descending channel.
On Friday, the EUR/USD currency pair re-tested the psychological level at 1.1220. During today's morning, the pair breached the medium-term descending channel north.
The New Zealand Dollar has surged by 60 basis points or 0.92% against the US Dollar since Friday's trading session. The currency pair was guided up by the 50– hour simple moving average.
The US Dollar has declined by 58 basis points or 0.43% against the Canadian Dollar since Friday's trading session. The currency pair was pressured lower by the 50– hour simple moving average.
The Australian Dollar has surged by 63 basis points or 0.91% against the US Dollar since Friday's trading session. The currency pair tested the weekly resistance level at 0.6978 on Monday morning.
The common European currency has surged by 98 basis points or 0.81% against the Japanese Yen since Friday's trading session. The currency pair tested the monthly support level at 121.65 on Monday morning.
Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00.
On Thursday, the USD/JPY currency pair traded sideways around the 107.50 level. During today's morning, the pair maintained its consolidation.
Yesterday, the GBP/USD exchange rate revealed corrected medium-term descending channel. During Friday morning, the rate was testing the 55-hour SMA near 1.2460.