The 50– hour simple moving average pressured the US Dollar lower against the Canadian Dollar on Thursday. The currency pair depreciated about 80 basis points during yesterday's trading session.
Bullish momentum has been dominating the Australian Dollar against the US Dollar since October 16 after the currency pair reversed from the lower boundary of an ascending channel pattern at 0.6728. The AUD/USD pair has appreciated by about 107 pips within this period.
The common European currency appreciated about 90 basis points against the Japanese Yen on Thursday. The currency pair tested the upper boundary of an ascending channel pattern at 121.50 during the previous trading session.
On Wednesday, the XAU/USD exchange rate increased to the upper boundary of the falling wedge pattern at 1,492.00. During today's morning, the rate was trading near the given line.
On Wednesday, the USD/JPY currency pair traded sideways at the 108.80 level. During today's morning, the pair maintained its consolidation.
On Wednesday, the GBP/USD exchange rate tried to surpass the resistance level—the weekly R1 at 1.2844. During today's morning, the rate was testing the resistance level by the Fibo 38.20% and the monthly R2 at 1.2904.
Yesterday, the EUR/USD currency pair tried to breach the medium-term ascending channel north. During Thursday morning, the pair broke the upper channel line.
Upside momentum has dominated the New Zealand Dollar versus the US Dollar since yesterday's trading session. The currency pair breached the upper boundary of a descending channel pattern at 0.6302 during the European session on Thursday.
The movement of the USD/CAD currency pair was guided by the 100– hour simple moving average on Wednesday. The rate was unable to surpass the 38.20% Fibonacci retracement level at 1.3237.
The Australian Dollar has appreciated by 1.03% in value against the US Dollar since Tuesday.
The common European currency appreciated by 70 basis points against the Japanese Yen on Wednesday. The currency pair was guided up by the 50– hour simple moving average throughout yesterday's trading session.
Yesterday, the XAU/USD exchange rate dropped to the psychological level at 1,480.00. During Wednesday morning, the rate was trading near the given level.
On Tuesday, the USD/JPY currency pair reached the psychological level at 108.80. During today's morning, the pair was trading near the given level.
Yesterday, the GBP/USD exchange rate tried to surpass the resistance level at 1.2760. During Wednesday morning, the rate was still testing the given resistance.
On Tuesday, the EUR/USD currency pair re-tested the lower boundary of the medium-term ascending channel at 1.0993. During today's morning, the pair was testing the resistance level—the monthly R1 at 1.1045.
The New Zealand Dollar made about 53 pips movement against the US Dollar on Tuesday. The 100– and 200– hour SMAs provided resistance for the exchange rate at 0.6307 during yesterday's trading session.
The US Dollar fell against the Canadian Dollar on Tuesday after the USD/CAD currency pair tested the 38.20% Fibonacci retracement level at 1.3237.
The Australian Dollar has been depreciating in a junior descending channel against the US Dollar since October 11. The currency pair depreciated about 42 basis points on Tuesday.
The Eurozone single currency appreciated about 97 basis points against the Japanese Yen on Tuesday. The 100– hour SMA guided the currency pair higher during Tuesday's trading session.
On Tuesday, the yellow metal's price remained below the 1,500.00 level, as it was kept down by a monthly pivot point at 1,498.29.
By the middle of Tuesday's London trading, the USD/JPY had retreated below the 55-hour simple moving average, which was located at the 108.30 level.
By the middle of the day, the rate had tested the resistance of the 1.2700 level, which managed to hold.
The EUR/USD has broken the ascending channel pattern of the hourly chart and declined below the 55-hour SMA.
The New Zealand Dollar appreciated by 33 basis points against the US Dollar during Monday's trading session. The currency pair has revealed a new junior descending channel pattern.