The Australian Dollar surged by 124 basis points or 1.74% against the US Dollar on Thursday. The currency pair tested the upper line of an ascending channel pattern at 0.7276 during yesterday's trading session.
During the first half of Thursday's trading session, the common European currency surged by 82 basis points or 0.67% against the Japanese Yen. However, the currency pair lost the earlier gains at the end of the day.
Yesterday, the XAU/USD exchange rate was volatile due to the US Presidential election.
Yesterday, the USD/JPY currency pair tumbled to the psychological level at 104.20.
Since Wednesday, the GBP/USD exchange rate has been trading between the 1.2920 and 1.3050 levels.
During Wednesday, the EUR/USD currency pair was highly volatile due to the US Presidential election. During today's morning, the pair jumped to the weekly R1 at 1.1795.
The New Zealand Dollar fell by 101 points or 1.51% against the US Dollar during the Asian session on Wednesday. However, the exchange rate regained their lost position by the end of yesterday's trading session.
The US Dollar declined by 174 points or 1.33% against the Canadian Dollar during the first part of yesterday's trading session. However, the exchange rate rebounded by the end of the day.
During the first half of Wednesday's trading session, the Australian Dollar fell by 130 points or 1.81% against the US Dollar. However, the currency pair rebounded by the end of the day.
The Eurozone single currency declined by 80 points or 0.65% against the Japanese Yen on Wednesday. The decline was stopped by the 50– and 200– hour SMAs during yesterday's trading session.
Yesterday, the XAU/USD exchange rate jumped to the 1,915.00 level and reversed south.
During Tuesday, the USD/JPY currency pair depreciated slightly. During today's morning hours, the pair was highly volatile due to the US Presidential election.
Yesterday, the GBP/USD exchange rate touched the 1.3135. Then, the rate reversed south.
On Tuesday, the EUR/USD currency pair pierced the 200-hour SMA near 1.1750. During today's morning, the pair reversed south.
The New Zealand Dollar surged by 106 pips or 1.61% against the US Dollar on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
The US Dollar declined by 131 pips or 0.99% against the Canadian Dollar on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar rose by 139 pips or 1.98% against the US Dollar on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
The common European currency surged by 123 pips or 1.01% against the Japanese Yen on Tuesday. The currency pair breached the monthly PP at 122.56 during yesterday's trading session.
Yesterday, the XAU/USD exchange rate raised to the resistance level—the monthly PP at 1,901.26.
The USD/JPY currency pair has revealed a rising wedge pattern.
Yesterday, the GBP/USD exchange rate breached the short-term descending channel south. During Tuesday morning, the rate was testing the 200-hour SMA near 1.3000.
On Monday, the EUR/USD currency pair reversed north from the psychological level at 1.1620.
The New Zealand Dollar rose by 54 basis points or 0.82% against the US Dollar on Monday. A breakout occurred through the upper border of a descending channel pattern at 0.6638 during the London session on Tuesday.
Downside risks dominated the US Dollar against the Canadian Dollar on Monday. The currency pair declined by 155 basis points or 1.16% during yesterday's trading session.