During yesterday's trading session, the price for gold dropped to the psychological level at 1,290.
On Thursday, the Japanese Yen depreciated 0.71% against the Greenback, as the US economic data came better-than-expected. On Friday's morning, the currency pair reached the upper boundary of the long-term descending channel at 111.80.
Yesterday, the GBP/USD currency pair stepped lower to the psychological level at the 1.3060 mark.
During Thursday's trading session, the Euro declined to the support level formed by the weekly R1 at 1.1254. During today's morning, the EUR/USD exchange rate reversed north towards the resistance level—the weekly R2 at 1.1290.
The New Zealand Dollar has revealed a new junior ascending channel pattern against the US Dollar. The channel pattern guided the currency pair towards the upper boundary of a dominant descending channel at 0.6774 on Wednesday.
Yesterday, the price for gold reached the resistance level formed by the Fibonacci 23.60% retracement at 1,309.31.
The US Dollar depreciated about 50 base points against the Canadian Dollar on Wednesday. The decline was stopped by a support cluster formed by the combination of the weekly and the monthly pivot points at 1.3322.
During Wednesday's trading session, the USD/JPY currency pair continued to trade within the short-term descending channel.
As apparent on the chart, on Wednesday, the GBP/USD exchange rate tried to surpass the resistance line located at 1.3119.
Yesterday, the EUR/USD currency pair re-tested the lower boundary of the short-term ascending channel at 1.1232 and jumped to the resistance level—the monthly PP at 1.1281.
The Australian Dollar bounced off a support cluster formed by the lower boundary of an ascending channel pattern and 200-hour simple moving average at 0.7111 during Wednesday's trading session.
The price movement of the single European currency versus the Japanese Yen was guided by a downside sentiment during Wednesday's trading session. The currency pair declined by about 68 base points on Wednesday.
Yesterday, the yellow metal broke through the monthly pivot point to end the trading session at the 1,304.00 level. On Wednesday morning, gold continued appreciating against the US Dollar to be located at the 1,304.64 mark.
Yesterday, the currency exchange rate slumped to the 111.00 level, breaking the previously drawn pattern line at 111.20. On Wednesday morning, the rate was located above the weekly S1 at the 111.14 mark.
Yesterday, the currency exchange rate traded between the simple moving averages to end the session at 1.3000. On Wednesday morning, the rate was supported by the 55-hour simple moving average to be located at the 1.3077 mark.
During Tuesday's session, the European Single Currency traded sideways to stay between the monthly PP and the weekly R1, as it was predicted! On Wednesday morning, the rate was supported by the 55-hour SMA to be located at the 1.1271 mark.
The New Zealand Dollar has been trading in a horizontal channel pattern against the US Dollar.
The US Dollar appreciated about 52 base points against the Canadian Dollar on Tuesday. The surge was stopped by a resistance line formed by the 50-hour simple moving average at 1.3326.
The Australian Dollar depreciated about 0.43% in value against the US Dollar on Tuesday. The exchange rate breached the weekly R1 at 0.7143 during Tuesday's trading session. However, Wednesday's trading session began with an upside sentiment.
The single European currency depreciated about 59 base points against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern at the end of yesterday's trading session.
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. However, a breakout occurred through the upper boundary of a descending channel pattern during the morning hours of Monday's trading session.
During Monday's trading session, the Greenback broke a junior ascending channel pattern. The currency pair edged lower by about 0.58% in value. In regards to the near-future, the US Dollar could regain some of its lost points against the Canadian Dollar.
Upside sentiment dominated the Australian Dollar versus the US Dollar on Monday. The exchange rate appreciated about 0.59% in value during yesterday's trading session.
Bullish sentiment dominated the common European currency against the Japanese Yen on Monday. As a result, the currency pair gained about 62 base points during yesterday's trading session.