The GBP/USD has been gradually declining, as it has been pushed down by the 55-hour simple moving average. On Tuesday morning, the rate had reached the support zone of the early February high and late February low level. In the case of the zone being passed, the rate could look for support in the weekly S1 simple pivot point at
Previously, the resistance of the 1.2100 mark held and caused a a decline. On Tuesday morning, the EUR/USD currency exchange rate had reached below the support of the zone near 1.2020 and the weekly S1 simple pivot point. In theory, the pair should now decline to the weekly S2 simple pivot point at 1.1946. If this level gets passed, the
The New Zealand Dollar edged up by 53 pips or 0.74% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during the London session on Tuesday.
The US Dollar declined by 71 pips or 0.56% against the Canadian Dollar on Monday. The currency pair breached the weekly pivot point at 1.2650 during Monday's trading session.
The Australian Dollar edged higher by 60 pips or 0.78% against the US Dollar on Monday. The surge was stopped by the 50– hour simple moving average at 0.7785 during yesterday's trading session.
The Eurozone single currency has declined by 54 pips or 0.42% against the Japanese Yen since yesterday's trading session. The decline was stopped by the 200– hour SMA at 128.33 on Tuesday morning.
Downside momentum pressured the New Zealand Dollar against the US Dollar on Friday. The NZD/USD exchange rate declined by 145 pips or 1.97% during Friday's trading session.
The yellow metal's price has broken the descending wedge pattern and almost immediately dropped to the 1,720.00 level. However, afterwards a recovery started and on Monday morning, the price was once again located near the 1,760.00 level. In the near term future, the price was expected to reach for the resistance of the 55-hour simple moving average near 1,770.00 and
Upside risks dominated the US Dollar against the Canadian Dollar on Friday. As a result, a breakout through the upper boundary of a descending channel pattern occurred during Friday's trading session.
On Monday, the USD/JPY traded above the 106.50 mark, which appeared to be providing support to the rate. In the meantime, it has to be taken into account that the rate was supported on Friday by the 55-hour simple moving average, as it pushed the USD/JPY up. In the near term future, the rate was expected to trade sideways until the
On Monday, the GBP/USD currency exchange rate was testing the resistance of the 1.4000 mark. Meanwhile, a cluster of technical resistance levels was located just above the 1.4000 mark. In the case of the 1.4000 mark being passed, the pair could reach for the 55 and 200-hour SMAs and the weekly simple pivot point in the 1.4015 to 1.4025. If
On Monday morning, the EUR/USD currency exchange rate was recovering from the Friday's low level of 1.2065. During the early hours of European trading, the rate was testing the resistance of the 1.2100 mark. If the currency rate manages to pass the resistance of the 1.2100 mark, the pair could reach for the resistance of the weekly simple pivot point
Downside risks dominated the Australian Dollar against the US Dollar on Friday. As a result, the AUD/USD currency pair declined by 155 pips or 1.97% during Friday's trading session.
The common European currency declined by 81 pips or 0.63% against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average at 129.11 during Friday's trading session.
During Friday morning hours, the XAU/USD exchange rate was testing the lower boundary of the falling wedge pattern.
On Thursday, the USD/JPY currency pair exceeded the weekly R1 located at 106.17.
The GBP/USD exchange rate has declined to the 1.3900 level.
Yesterday, the EUR/USD currency pair reversed south from the psychological level at 1.2240.
The New Zealand Dollar has declined by 122 pips or 1.64% against the US Dollar since yesterday's trading session The currency pair tested the lower line of an ascending channel pattern at 0.7353 on Friday morning.
The US Dollar has surged by 161 pips or 1.30% against the Canadian Dollar since Thursday's trading session. The currency pair tested the 200– hour simple moving average at 1.2616 on Friday morning.
The Australian Dollar has declined by 195 pips or 2.44% against the US Dollar since yesterday's trading session. The currency pair tested the lower boundary of an ascending channel pattern during the Asian session on Friday.
During the first half of yesterday's trading session, the common European currency surged by 98 pips or 0.76% against the Japanese Yen. However, the currency pair erased the earlier gains by the end of the session.
Yesterday, the XAU/USD exchange rate touched the 1,785.00 mark.
Since Wednesday afternoon, the USD/JPY currency pair has been testing the resistance level—the weekly R1 at 106.17.