Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start of
The support of the 1.3670/1.3675 zone was enough for the currency exchange rate to break the channel down pattern. Moreover, by the middle of Friday's trading, the rate had passed the resistance of the 55 and 100-hour simple moving averages. At mid-day, the rate found some resistance in the weekly S1 simple pivot point at 1.3787. If the rate passes the
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Take into account that the 1.1800
The New Zealand Dollar declined by 31 pips or 0.44% against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average at 0.6970 on Friday morning.
The US Dollar surged by 67 pips or 0.54% against the Canadian Dollar on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar declined 31 pips or 0.41% against the US Dollar on Thursday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
The common European currency declined by 48 pips or 0.37% against the Japanese Yen on Thursday. The currency pair tested the weekly S2 at 128.51 during yesterday's trading session.
Since the start of Wednesday's trading, the yellow metal has been trading between the 1,730.00 and 1,740.00 levels. In the meantime, the price is being slightly impacted by the hourly simple moving averages and the Fibonacci retracement levels of the March 18 high and the March 12 low levels. In regards to the near term future, the rate is highly likely
The resistance of the 55-hour simple moving average did not hold out on Wednesday. Moreover, by the middle of Thursday's European trading hours, the rate passed the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point. Namely, at mid-day the rate had reached above the 109.00 level and the US Dollar had regained all
The GBP/USD remains in a channel down pattern, which has guided the rate since March 18. However, the decline has not reached a new low level, as the rate appears to have found support in the 1.3670/1.3675 level. In regards to the near term future, the rate was expected to get squeezed in between the mentioned support zone and the upper
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. In the case of the 1.1800 support holding, the rate could retrace back up and face the 55-hour simple moving average
The New Zealand Dollar declined by 42 pips or 0.60% against the US Dollar on Wednesday. The currency pair breached the weekly support line at 0.6983 during Wednesday's session.
The US Dollar declined by 53 pips or 0.42% against the Canadian Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The Australian Dollar declined by 54 pips or 0.70% against the US Dollar on Wednesday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
The Eurozone single currency declined by 52 pips or 0.41% against the Japanese Yen on Wednesday. The decline was stopped by the weekly support level at 128.51 during Wednesday's trading session.
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level. In the near term future, the recovery of the metal was expected
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. If the simple moving average fails to
The decline of the GBP/USD has reached below the 1.3700 level. Moreover, the descending channel pattern, which was previously broken has been adjusted. Namely, the upper trend line has been set at the Tuesday's high levels. If the decline continues, the pair should eventually reach for the support of the 1.3600 level and the weekly S3 simple pivot point. However, potential
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. In the
Downside risks pressured the New Zealand Dollar against the US Dollar on Tuesday. The NZD/USD currency pair fell by 142 pips or 1.99% during yesterday's trading session.
The US Dollar surged by 63 pips or 0.50% against the Canadian Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during Tuesday's trading session.
The Australian Dollar edged lower by 142 pips or 1.83% against the US Dollar on Tuesday. The currency pair breached the weekly support level at 0.7674 during yesterday's trading session.
Downside risks pressured the common European currency against the Japanese Yen on Tuesday. The currency pair fell by 122 pips or 0.94% during Tuesday's trading session.
Since the middle of Monday's European trading, the commodity price has continued to be supported by the 200-hour simple moving average. In the meantime, the price almost ignored the 55 and 100-hour simple moving averages. In regards to the near term future, the 200-hour SMA could force the price into testing the resistance of the 1,745.50/1,747.40 zone. If the zone fails