The common European currency depreciated about 68 basis points against the Japanese Yen on August 7. The currency pair tested the lower boundary of a triangle pattern at 118.50 during the end of yesterday's trading session.
On Tuesday, the XAU/USD exchange rate breached the long-term ascending channel north. During today's morning, the rate was testing the resistance level—the monthly R2 at 1,487.41.
Yesterday, the USD/JPY currency pair consolidated within the cluster formed by the monthly S2 and S3, located at 106.54 and 105.87 respectively. During Wednesday's morning, the pair was still trading sideways.
During the previous trading session, the GBP/USD exchange rate reversed south from the upper boundary of the short-term ascending channel at 1.2205.
During Tuesday, the EUR/USD currency pair traded sideways within the cluster formed by the weekly R2, as well the weekly R1 and the monthly PP, located at 1.1234 and 1.1171 respectively.
The New Zealand Dollar has depreciated about 2.70% in value against the US Dollar. The decline started after the Central Bank of New Zealand surprised the markets, by cutting the official cash rate by 50-basis points. The surprise move by the RBNZ sent the New Zealand Dollar to a ten-month low.
The US Dollar appreciated about 97 base points against the Canadian Dollar on Tuesday. The weekly pivot point at 1.3194 provided support for the exchange rate during yesterday's trading session.
Downside risks dominated the Australian Dollar versus the US Dollar on Tuesday. As a result, a breakout occurred through the lower boundary of a descending channel pattern at the end of yesterday's trading session.
The European single currency continued its upside movement against the Japanese Yen on Tuesday. The currency pair breached a resistance level formed by the weekly and the monthly PPs at 119.36.
Yesterday, the XAU/USD exchange rate re-tested the upper boundary of the long-term ascending channel at 1,475.00. During Tuesday's morning, the rate was trading at the 1,460.00 level.
On Monday, the USD/JPY currency pair reversed north form the upper boundary of the long-term descending channel at 105.68. During today's morning, the pair was resting the resistance formed by the monthly S2 and the 55-hour SMA at 106.54.
During the previous trading session, the GBP/USD exchange rate traded sideways around the psychological level at 1.2160. During Tuesday's morning, the rate surpassed the given level.
Yesterday, the EUR/USD currency pair reached the resistance level formed by the weekly R2 at the 1.1234 mark. During today's morning, the pair was trading near the given resistance.
The New Zealand Dollar appreciated about 92 base points against the US Dollar on Monday.
The US Dollar depreciated about 58 base points against the Canadian Dollar on Monday. The currency pair breached both the 50-and 100-hour SMAs during yesterday's trading session.
The Australian Dollar depreciated about 54 base points against the US Dollar on Monday. The decline was stopped by a support level formed by the monthly S1 at 0.6759 during yesterday's trading session.
Upside risks have dominated the common European currency against the Japanese Yen since yesterday's trading session. A breakout occurred through the upper boundary of a descending channel pattern at 119.07 during the morning hours of Tuesday's session.
The New Zealand Dollar depreciated about 51 base points against the US Dollar on Friday. The 50– hour simple moving average provided resistance for the currency pair at 0.6550 during Friday's trading session.
After the US Dollar tested the weekly R1 at 1.3266 on August 2, the currency pair took a drive south. The USD/CAD exchange rate depreciated about 70 base points during Friday's trading session.
The 50-hour simple moving average has been guiding the Australian Dollar lower against the US Dollar since July 22. The currency pair tested the monthly S1 at 0.6759 during Friday's trading session.
The EUR/JPY currency pair depreciated about 85 base points during Friday's trading session. The Eurozone single currency has plunged about 2.91% in value since July 31.
On Friday, the XAU/USD exchange rate tested the upper boundary of the long-term ascending channel at 1,449.66. During today's morning, the rate reached the psychological level at 1,460.00.
During the previous trading session, the USD/JPY currency pair declined to the support level - the monthly S3 at 105.87. During Monday's morning, the pair was testing the given support.
During Friday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2180. During today's morning, the rate was trading near the 2018/2019 low at the 1.2093 mark.